99540 Property Tax Rate

Property owners in ZIP code 99540 (Indian, Alaska) pay a median of $2,619/year in property taxes on homes valued at $360,000. This translates to an effective tax rate of 0.73%, which is 14% below the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99540 is approximately $218, which factors into escrow payments on mortgages. This ZIP code is located within Anchorage Municipality. This is $264 more than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99540 has lower property taxes. ZIP codes with similar effective rates include 99603 (0.71%) and 99832 (0.75%).

In Indian, property taxes represent approximately 3.2% of the median household income of $82,969, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; assessments are set locally by the Anchorage Municipality and may be reassessed at market value upon sale. Contact the Anchorage Municipality Assessor's office immediately after purchase to confirm your assessed value and inquire about any available senior or veteran exemptions, which vary by local ordinance. File any exemption claims or assessment appeals within 30 days of receiving your assessment notice to protect your tax liability.