Example of Aleutians East Borough Property Tax Calculation
The Aleutians East Borough Property Tax calculation is determined by multiplying the assessed value of a property by the millage rate and dividing the result by 1,000. For example, if the assessed value of a property is $100,000 and the millage rate is 10 mills, the property tax would be calculated as follows:
$100,000 (assessed value) x 10 (millage rate) / 1,000 = $1,000 (property tax)
It is important to note that the millage rate can vary depending on the location and specific property. Additionally, certain exemptions or deductions may apply that can affect the final property tax amount. It is recommended to consult with a local tax authority or professional for specific details and calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
Aleutians East Borough Property Tax Rates
The Aleutians East Borough Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Borough Tax | $4.00 |
| City Tax | Varies by Location |
| School Tax | $4.00 |
| State Tax | Varies by Assessment |
| Special Tax | Varies by Assessment |
Please note that the city tax rate varies depending on the location within the borough. It is recommended to contact the local government for specific information regarding city taxes.
When is Aleutians East Borough Property Tax due ?
Aleutians East Borough Property Tax is typically due by January 15th of each year. There are several payment methods available, including:
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Online Payment: Property owners can pay their taxes online using the borough's website. This option allows for secure and convenient payment from anywhere with an internet connection.
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Mail-in Payment: Property owners can also choose to pay their taxes by mail. Payments must be postmarked by January 15th to avoid penalties.
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In-person Payment: Property owners can make in-person payments at the borough office located in Sand Point. Payments can be made by cash, check, or money order.
It is important to note that failure to pay property taxes by the due date can result in penalties and interest charges. Property owners should prioritize paying their property taxes on time to avoid any additional fees.
If you have more questions - contact your local tax collector.
Who sets property tax rates in Aleutians East Borough ?
Property Tax Rates in Aleutians East Borough
The property tax rates in Aleutians East Borough are set by the Borough Assembly. This is the governing body of the borough and is made up of seven members who are elected by the citizens of the borough.
The property tax rates are reviewed annually and are generally set during the budget process. The budget process usually takes place in the fall of each year, with the new rates taking effect on January 1st of the following year.
The amount of property tax you pay is based on the assessed value of your property. The assessment is done by the Aleutians East Borough Assessor's Office, which is responsible for determining the value of all taxable property within the borough.
The property tax rates are used to fund a wide range of services in the borough, including schools, roads, and public safety. The rates are determined based on the borough's budget needs and the assessed value of the taxable property within the borough.
Summary
- Property tax rates in Aleutians East Borough are set by the Borough Assembly.
- The rates are reviewed annually during the budget process.
- The new rates take effect on January 1st of the following year.
- Property tax is based on the assessed value of your property.
- The rates are used to fund a wide range of services in the borough.
Homestead exemptions in Aleutians East Borough ?
To help homeowners in Aleutians East Borough, Alaska understand the various Homestead exemptions and deductions available to them, the following table outlines the specific information for each:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Regular Exemption | Owner occupied property | $20,000 | Applies to primary residence, mobile home, or condo. Property must be owned and occupied as of Jan 1st of tax year. |
| Senior Exemption | 65 years or older or widow/widower 50 years or older | $150,000 | Must be applied for by March 31st of the tax year. Income restrictions apply. |
| Veteran Exemption | Honorably discharged veteran or spouse of deceased veteran | $150,000 | Must provide a copy of DD-214 or other proof of honorable discharge. |
| Disabled Veteran | Honorably discharged veteran with service-related disability | Full Property | Eligible for full exemption on primary residence. Must provide a copy of DD-214 and proof of disability rating from the VA. |
| Firefighter | Active duty firefighter for at least 1 year | $10,000 | Must be applied for by March 31st of the tax year. |
| Police Officer | Active duty police officer for at least 1 year | $10,000 | Must be applied for by March 31st of the tax year. |
| Disabled Person | Certified as disabled by physician or social security office | $50,000 | Must provide proof of disability. |
| Fishermen | Commercial fishermen with Alaska Limited Entry Permit | $20,000 | Must provide copy of permit and income tax return showing income from fishing. |
| Low Income | Household income does not exceed $30,000 for previous year | Varies by income | Must provide proof of income. |
| Renewable Energy | Installation of residential renewable energy system | $50,000 | Must be applied for by March 31st of the tax year. |
It is important to note that some exemptions and deductions may not be combined, and individuals must choose which one they qualify for. Additionally, some exemptions and deductions may have income or other eligibility requirements. Homeowners in Aleutians East Borough should contact their local tax office for more information and assistance in applying for these available benefits.
How is Aleutians East Borough Property Tax penalty calculated ?
Aleutians East Borough Property Tax Penalty Calculation:
When a property owner fails to pay their property tax on time, they will be subject to a penalty imposed by the Aleutians East Borough. The penalty is calculated based on the amount of unpaid taxes and the length of time that has passed since the due date. Here is an example to help illustrate this:
- Property tax owed: $2,000.00
- Due date: January 1st
- Last date to pay without penalty: January 31st
- Amount of time overdue: 60 days
To calculate the penalty, the Aleutians East Borough will first determine the base amount of the penalty. The base amount is calculated by multiplying the unpaid taxes by the penalty rate, which is set by state legislation. In Alaska, the penalty rate is 10% per year. In this case, the base amount would be calculated as follows:
$2,000.00 x 10% = $200.00
Next, the borough will calculate the penalty for the actual number of days overdue. The daily penalty rate is calculated by dividing the base amount by the number of days in a year, which is 365. In this case, the daily penalty rate would be calculated as follows:
$200.00 / 365 = $0.55 per day
To calculate the penalty for 60 days overdue, the borough will multiply the daily penalty rate by the number of days overdue. In this case, the penalty for 60 days overdue would be calculated as follows:
$0.55 x 60 = $33.00
Therefore, the total penalty for this property owner would be $233.00 ($200.00 base amount plus $33.00 penalty for 60 days overdue).
It is important to note that this is just an example, and the penalty calculation may vary depending on the specific circumstances of each case. Property owners who are unable to pay their property tax on time should contact the Aleutians East Borough as soon as possible to discuss payment options and avoid accruing penalties.
We recommend contacting the Aleutians East Borough Tax Office or a local tax professional for the most up-to-date and accurate information.