Skagway, Skagway County, Alaska Property Taxes

Name: Property Tax Bills Across Skagway, Skagway County, Alaska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Skagway, AK effective property tax rate: 0.47%, significantly lower than the national median of 1.02%, but lower than the Alaska state median of 1.37%.
Median Skagway, AK home value: $481,300
Median annual Skagway, AK tax bill: $2,197, $203 lower than the national median property tax bill of $2,400.

How are property taxes in Skagway calculated?

Property taxes in Skagway, 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 Skagway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Skagway, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Skagway, Skagway County, Alaska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.47%

Estimate Property Tax Bill

$2,262

$2,099

Ownwell’s Skagway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Skagway with just two data points. By entering your property's estimated assessed value, our calculator applies Skagway’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in 02230. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Skagway, Skagway County, Alaska

Local government entities in Alaska, like those in Skagway, determine property tax rates that can vary significantly across the state. This variation occurs because each county, including Skagway, estimates its annual budget necessary to fund local services and divides this by the total value of all taxable properties within its boundaries. This formula results in the specific property tax rate for that area. Although the process involves voting and legislation, this is essentially how property taxes are set each year. Compared to other parts of Alaska, Skagway's effective property tax rate is a reflection of its local fiscal needs and property values. When compared with the national median property tax rate of 1.02%, Skagway's rate is notably lower, offering a more affordable tax environment for property owners. This lower rate can be particularly appealing for those considering property investments in the area, as it can translate to significant savings over time.

Property Tax Rates Across Skagway, Skagway County, Alaska

Source: Ownwell

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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 Skagway Tax Rate

0.47%

Median Effective Skagway County Tax Rate

0.50%

Median Effective Alaska Tax Rate

1.37%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Skagway, Skagway County, Alaska

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
99840	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Skagway, Skagway County, Alaska

When examining property taxes in Skagway, 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 Skagway County Assessor 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 Skagway County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Skagway.

For example, the median home price in Skagway is $481,300, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Skagway, Skagway County, Alaska

Source: Ownwell

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Median Skagway Market Value

$481,300

Median Skagway County Market Value

$280,550

Median Alaska Market Value

$289,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Skagway, Skagway County, Alaska

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
99840	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Skagway, Skagway County, Alaska

In Skagway, AK, property tax bills are determined by applying the assessed value of a home to the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on economic factors. With a median home price of $481,300, homeowners in Skagway face property tax bills that vary significantly. The 25th percentile tax bill is $1,676, while those at the 75th percentile pay around $3,701, and the 90th percentile reaches $5,580. These figures show a range of tax burdens compared to the national median property tax bill of $2,400. For homeowners, these taxes represent a significant expense, impacting their overall financial planning. Ownwell can assist Skagway homeowners by offering property tax appeal services, potentially reducing their tax liabilities. By analyzing property assessments and market trends, Ownwell identifies discrepancies that could lead to a successful appeal, ensuring homeowners pay only their fair share in taxes. This service not only provides financial relief but also peace of mind.

Property Tax Bills Across Skagway, Skagway County, Alaska

Source: Ownwell

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Median Skagway Tax Bill

$2,197

Median Skagway County Tax Bill

$1,417

Median Alaska Tax Bill

$3,874

Median United States Tax Bill

$2,400

Property Tax Bills Across Skagway, Skagway County, Alaska

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
99840	N/A	N/A	N/A	N/A	N/A

Source: Ownwell