99623 Property Tax Rate

Property owners in ZIP code 99623 (Wasilla, Alaska) pay a median of $3,524/year in property taxes on homes valued at $294,800. This translates to an effective tax rate of 1.20%, which is 42% above the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99623 is approximately $294, which factors into escrow payments on mortgages. This ZIP code is located within Matanuska-Susitna Borough. This is $1,169 more than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99623 has lower property taxes. ZIP codes with similar effective rates include 99686 (1.19%) and 99705 (1.21%).

In Wasilla, property taxes represent approximately 4.0% of the median household income of $87,606, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; Matanuska-Susitna Borough assesses property locally and may reassess to market value upon purchase. Contact the Matanuska-Susitna Borough Assessor immediately after closing to register your ownership and apply for any applicable senior, homeowner, or veteran exemptions under borough code. Submit your exemption application within 30 days and request a written confirmation of your final assessed value and tax liability.