99747 Property Tax Rate

Property owners in ZIP code 99747 (Kaktovik, Alaska) pay a median of $1,375/year in property taxes on homes valued at $102,100. This translates to an effective tax rate of 1.35%, which is 60% above the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99747 is approximately $115, which factors into escrow payments on mortgages. This ZIP code is located within North Slope Borough. This is $980 less than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99747 has lower property taxes. ZIP codes with similar effective rates include 99501 (1.31%) and 99508 (1.39%).

In Kaktovik, property taxes represent approximately 1.5% of the median household income of $88,750, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 99747, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult North Slope Borough's tax assessor directly.