Property Tax in Kenai Peninsula Borough
via TaxByCounty
Kenai Peninsula taxes run below the national median
At 0.663%, Kenai Peninsula Borough's effective property tax rate falls about 25% below the national median of 0.88%, placing it in the 25th percentile nationwide. This light burden ranks Kenai Peninsula among America's lower-tax counties. Residents here enjoy meaningful tax advantages compared to most U.S. homeowners.
Kenai Peninsula ranks sixth in Alaska's tax standings
Kenai Peninsula Borough's 0.663% effective rate sits slightly below Alaska's state average of 0.772%, positioning it in the lower half of Alaska's taxing jurisdictions. Six boroughs and census areas tax higher, while only Hoonah-Angoon (0.416%) and Haines (0.802%) offer relief comparable to or better than Kenai's burden. The borough strikes a favorable balance for taxpayers.
Kenai Peninsula's rate aligns with coastal Alaska peers
Kenai Peninsula's 0.663% rate sits between Ketchikan (0.683%) and Hoonah-Angoon (0.416%), typical for South-Central and Southeast Alaska. Kodiak Island (0.917%) and Juneau (0.934%) tax substantially higher, while Haines (0.802%) runs moderately above. Kenai Peninsula occupies a reasonable middle ground regionally.
The median Kenai home costs $1,974 yearly in taxes
With a median home value of $297,500 and a 0.663% effective rate, a typical homeowner pays $1,974 annually in property taxes. Mortgage considerations increase the annual bill to $2,211, while those without mortgages owe $1,602. Kenai Peninsula residents enjoy relatively modest tax obligations despite solid home values.
Kenai homeowners can challenge potentially inflated valuations
Many property owners overlook assessment errors that silently inflate their tax bills year after year. Compare your home's assessed value against comparable recent sales in your neighborhood—overvaluations are surprisingly common. If discrepancies exist, filing an appeal with the borough assessor could reduce your annual liability.