99686 Property Tax Rate

Property owners in ZIP code 99686 (Valdez, Alaska) pay a median of $3,701/year in property taxes on homes valued at $310,900. This translates to an effective tax rate of 1.19%, which is 41% above the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99686 is approximately $308, which factors into escrow payments on mortgages. This ZIP code is located within Chugach Census Area. This is $1,346 more than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99686 has lower property taxes. ZIP codes with similar effective rates include 99623 (1.20%) and 99705 (1.21%).

In Valdez, property taxes represent approximately 3.8% of the median household income of $97,212, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; Chugach Census Area conducts local assessments and may reassess to market value at sale. Contact the Chugach Census Area Assessor within 30 days of closing to verify your assessed value and apply for any senior, disabled, or veteran exemptions available under area ordinance. Submit your exemption application in writing and request a confirmation letter showing your final taxable value.