99615 Property Tax Rate

Property owners in ZIP code 99615 (Kodiak, Alaska) pay a median of $3,657/year in property taxes on homes valued at $400,700. This translates to an effective tax rate of 0.91%, which is 8% above the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99615 is approximately $305, which factors into escrow payments on mortgages. This ZIP code is located within Kodiak Island Borough. This is $1,302 more than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99615 has lower property taxes. ZIP codes with similar effective rates include 99801 (0.94%) and 99694 (0.94%).

In Kodiak, property taxes represent approximately 4.2% of the median household income of $86,371, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; Kodiak Island Borough conducts assessments locally and may reassess at current market value at the time of sale. Contact the Kodiak Island Borough Assessor within 30 days of purchase to confirm your assessed value and file for any available senior, disabled veteran, or homeowner exemptions under borough ordinance. Request written confirmation of your exemption status and keep it with your deed for future reference.