County property tax calculator
Property Tax Calculator for Kodiak Island Borough
Kodiak Island Borough falls close to the national property tax average. At 0.917%, the effective rate is within a range that most US buyers see as typical — roughly in line with the 1.07% figure that governs the national conversation. On the county's median home value of $382,700, the annual tax bill lands at $3,509, or about $292 per month paid through escrow. The result is a tax load that neither stands out nor surprises. For buyers comparing this county with neighbors, the property tax line will look familiar. Escrow analysis each year will adjust for changes in assessed value, but the rate itself is stable and predictable for budget planning. Kodiak Island Borough sits above the Alaska state median, placing it in the premium tier for the region. A median home value of $382,700 reflects demand for the area's access to jobs, schools, or lifestyle. Buyers here face a market where list prices move quickly and competition can push offers above asking. Financing still works within conventional loan limits in most cases, but buyers should model the full monthly cost — principal, interest, tax, insurance, and any HOA — before committing. The premium pricing means less room for surprises in the budget. Long-term ownership here tends to reward buyers who plan conservatively and hold through market cycles.
Property Tax Details
National average is 1.07%
Used to project future tax burden
Annual Property Tax
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Insights
Property Tax Landscape in Kodiak Island Borough
Kodiak Island Borough taxes at 0.917%, below Alaska's average of 1.19%. The difference saves roughly $1,045 per year on a median-valued home compared with the state figure. Buyers moving within Alaska may notice the savings in escrow — the monthly payment is lower by a corresponding amount. Local jurisdictions here often operate on a leaner tax base or supplement revenue through other sources. The lower rate does not necessarily mean lower services; county budgets vary. Buyers comparing options should weigh the tax savings against other factors like commute, school district, and access to amenities. Within Alaska, Kodiak Island Borough ranks as the 9th highest of 30 counties by effective property tax rate.
Kodiak Island Borough sits above the Alaska state median, placing it in the premium tier for the region. A median home value of $382,700 reflects demand for the area's access to jobs, schools, or lifestyle. Buyers here face a market where list prices move quickly and competition can push offers above asking. Financing still works within conventional loan limits in most cases, but buyers should model the full monthly cost — principal, interest, tax, insurance, and any HOA — before committing. The premium pricing means less room for surprises in the budget. Long-term ownership here tends to reward buyers who plan conservatively and hold through market cycles. Median household income in Kodiak Island Borough runs below the Alaska state average at $83,716. Buyers here often rely on FHA, USDA, or state down-payment assistance programs to make the numbers work. The price-to-income ratio of 4.6x is workable but requires planning. Households at the median can typically qualify for conventional or FHA financing at current rates. Median gross rent runs $1,669 per month, giving renters a baseline to compare against ownership costs in the same market.
Property Tax Scenarios — Kodiak Island Borough
For a market where median homes run above the state average, tax scales linearly with home value. The five scenarios below map the range from entry-level pricing to premium listings, showing annual tax, monthly escrow, and ten-year totals at the county's effective rate.
| Home Value | Annual Tax | Monthly Escrow | 10-Year Total |
|---|---|---|---|
| $190,000 | $1,742 | $145 | $17,423 |
| $285,000 | $2,613 | $218 | $26,135 |
| $385,000 | $3,530 | $294 | $35,305 |
| $575,000 | $5,273 | $439 | $52,728 |
| $765,000 | $7,015 | $585 | $70,151 |
Frequently asked questions
The questions below address what buyers typically want to know about property tax in Kodiak Island Borough — rate, escrow, deductibility, and how it compares to the state. All answers use county-specific figures.
What is the property tax rate in Kodiak Island Borough?
Kodiak Island Borough has an effective property tax rate of 0.917%, close to the national average (national average: 1.07%). On a median home of $382,700, that's about $3,509 per year, or $292 monthly through escrow.
How much are property taxes on a home in Kodiak Island Borough?
At the county median of $382,700, annual property taxes run roughly $3,509, collected through mortgage escrow at about $292 per month.
How does Kodiak Island Borough compare to Alaska?
Kodiak Island Borough's 0.917% rate is moderately below Alaska's statewide average of 1.19%. The difference equals about $1,045 per year on a median home.
What is the median income in Kodiak Island Borough?
Median household income in Kodiak Island Borough is $83,716 (Census ACS 2023). Median gross rent runs $1,669 per month.
Are property taxes deductible in Kodiak Island Borough?
Yes, property taxes are deductible on federal returns when you itemize, subject to the SALT cap ($10,000 for most filers). Kodiak Island Borough homeowners paying $3,509 annually may benefit if their combined state and local tax burden exceeds the standard deduction.
How are property taxes calculated in Kodiak Island Borough?
The county assessor multiplies your home's assessed value by the local tax rate. On a $382,700 home at the county's effective rate of 0.917%, the annual bill is approximately $3,509.
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Disclaimer: This calculator and the content on this page are for educational purposes only. They do not constitute financial, legal, or tax advice. Rates, loan limits, and eligibility criteria vary by lender, location, and borrower profile. Always consult a licensed financial professional before making borrowing decisions. CalcPier is independent and not affiliated with any lender listed on this page.
