99840 Property Tax Rate

Property owners in ZIP code 99840 (Skagway, Alaska) pay a median of $1,472/year in property taxes on homes valued at $430,000. This translates to an effective tax rate of 0.34%, which is 59% below the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99840 is approximately $123, which factors into escrow payments on mortgages. This ZIP code is located within Skagway Municipality. This is $883 less than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99840 has higher property taxes. ZIP codes with similar effective rates include 99667 (0.33%) and 99727 (0.28%).

In Skagway, property taxes represent approximately 1.9% of the median household income of $78,594, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; Skagway Municipality reassesses property at fair market value at sale, and the local tax rate applies to your new valuation. Contact the Skagway Municipality Assessor's office to apply for any available exemptions for seniors, disabled homeowners, or military service members before your first tax bill is due. Obtain a detailed property assessment card to verify that all characteristics match your actual home.