Point Lay, North Slope County, Alaska Property Taxes
Median Point Lay, AK effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Point Lay, AK home value: $94,900
Median annual Point Lay, AK tax bill: $892, $1,508 lower than the national median property tax bill of $2,400.
How are property taxes in North Slope calculated?
Property taxes in Point Lay, AK are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Point Lay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Point Lay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Point Lay, North Slope County, Alaska Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$1,708
$1,585
Property Tax Rates Across Point Lay, North Slope County, Alaska
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Point Lay, located in North Slope, AK, the effective property tax rate stands at 1.80%. This is notably higher than the national median property tax rate of 1.02%. In fact, Point Lay's rate is one of the highest in Alaska, matching the highest rate in the state. This means that property owners in Point Lay pay a higher percentage of their property's assessed value in taxes compared to many other areas in the U.S. Understanding these figures is crucial for homeowners looking to manage their property tax bills effectively. With property taxes being a significant expense for many, knowing where your city stands can help in financial planning and potential tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Point Lay Tax Rate
1.80%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective North Slope County Tax Rate
1.80%
Median Effective Alaska Tax Rate
1.37%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Point Lay, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99759 | 0.40% | 0.65% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Point Lay, North Slope County, Alaska
When examining property taxes in Point Lay, AK, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The North Slope County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In North Slope County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Point Lay. For example, the median home price in Point Lay is $94,900, with tax bills ranging significantly across the county. 99759 has the highest median home price at $94,900.
Property Tax Assessment Values Across Point Lay, North Slope County, Alaska
Source: Ownwell
$91,700
$146,750
$201,800
Median Point Lay Market Value
$94,900
Median North Slope County Market Value
$130,000
Median Alaska Market Value
$289,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Point Lay, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99759 | $48,920 | $63,600 | $94,900 | $120,000 | $157,720 |
Source: Ownwell
Property Tax Bills Across Point Lay, North Slope County, Alaska
In Point Lay, located in North Slope County, AK, property tax bills are calculated based on the assessed value of homes. The median home price in this area is $94,900. Property taxes are determined by multiplying the assessed value by the local tax rate. The tax bill for a homeowner can vary significantly, with the 25th percentile at $737 and the 75th percentile at $1,437. At the 90th percentile, the tax bill can reach $1,828, highlighting the potential financial burden on homeowners. Compared to the national median property tax bill of $2,400, Point Lay homeowners generally face lower tax bills. However, the impact on household finances can still be significant, especially for those at the higher end of the tax bill spectrum.
Ownwell offers a solution by helping homeowners appeal their property tax assessments and secure exemptions, potentially reducing their tax burden. By leveraging expert knowledge and local data, Ownwell can identify opportunities for savings, ensuring that homeowners are not overpaying on their property taxes.
Median Point Lay Tax Bill
$892
Median North Slope County Tax Bill
$2,211
Median Alaska Tax Bill
$3,874
Median United States Tax Bill
$2,400
Property Tax Bills Across Point Lay, North Slope County, Alaska
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 99759 | $388 | $737 | $892 | $1,437 | $1,828 |
Source: Ownwell