# Copper River Census Area property tax

Published: 15.04.2023

## Example of Copper River Census Area Property Tax Calculation

The Copper River Census Area calculates property tax based on the assessed value of the property. To determine the assessed value, the county assessor will appraise the property and determine its market value. This value will then be multiplied by the assessment ratio, which is currently set at 50% for the Copper River Census Area.

For example, if a property in the Copper River Census Area has a market value of \$200,000, the assessed value would be \$100,000 (\$200,000 x 50%). The property tax rate in the Copper River Census Area is currently set at 10 mills, or \$10 per \$1,000 of assessed value.

Using this rate, the property tax for the above example property would be calculated as follows: \$100,000 (assessed value) / \$1,000 = 100 (taxable units) 100 (taxable units) x \$10 (tax rate per taxable unit) = \$1,000 (total property tax)

Therefore, the property owner of the \$200,000 property in the Copper River Census Area would owe \$1,000 in property taxes for the year.

If you want appeal your property tax assessment - contact your local tax assessor.

## Copper River Census Area Property Tax Rates

Here is a formatted table listing the Copper River Census Area Property Tax rates for 2021, in US dollars per 100\$ of assessed value:

Tax Rate per 100\$ of Assessed Value
Real Property 3.10
Personal Property 3.40
Motor Vehicle 5.00

These rates are subject to change, and taxpayers should consult with a licensed tax professional for personalized advice regarding their specific tax situation.

## Property Tax Rates in Copper River Census Area

### Who sets the rates?

The property tax rates in Copper River Census Area are set by two entities:

1. Copper River Valley Borough The Copper River Valley Borough sets the property tax rates for the unincorporated areas within the Copper River Census Area.

2. City councils of incorporated cities The city councils of the incorporated cities within the Copper River Census Area set the property tax rates for their respective areas.

### When are the rates set?

The property tax rates for the Copper River Census Area are set annually. The exact dates of setting these rates depend on each governing body's budget approval timeline. The Copper River Valley Borough and the city councils typically set their property tax rates in late spring or early summer for the upcoming fiscal year.

It is important to note that property tax rates can change from year to year, depending on a variety of factors such as changes in property values and local government budget priorities.

## Homestead exemptions in Copper River Census Area ?

To help homeowners in Copper River Census Area, Alaska, understand their property tax exemptions and deductions, we've compiled a comprehensive list of county-specific benefits. Here is a breakdown of the available exemptions and deductions, along with their eligibility requirements, amount, and notes:

Exemption Eligibility Amount Notes
Basic Homestead Exemption Primary residence \$20,000 Reduces assessed value of property by \$20,000.
Senior Citizens Exemption Age 65 or older \$150,000 Reduces assessed value of property by \$150,000.
Disabled Veterans Exemption Honorably discharged veteran with service-related disability \$150,000 Reduces assessed value of property by \$150,000.
Optional Municipal Tax Exemption Primary residence Varies by municipality Check with municipality for eligibility requirements and amounts.
Property Tax Deferral Primary residence owned by seniors or disabled persons Deferred until sale of property Allows seniors and disabled persons to defer payment of property taxes until the sale of the property.

It's important to note that eligibility requirements and amounts may vary depending on your specific circumstances. It's always a good idea to check with your local tax office or municipality to confirm your eligibility and the amount of any exemptions or deductions you may be eligible for.

Overall, the Copper River Census Area offers a range of property tax benefits to help homeowners offset their tax burden. By taking advantage of these exemptions and deductions, homeowners can save money and better manage their finances.

## When is Copper River Census Area Property Tax due ?

According to the official Copper River Census Area website, property taxes are typically due on January 15th of each year. However, if the 15th falls on a weekend or holiday, the due date will be the next business day.

Payment methods for Copper River Census Area property taxes include:

• Online payments: Property owners can pay their taxes online using the official website's payment portal. Accepted methods of payment include credit/debit cards and e-checks.
• Mail: Property owners can also mail their payments to the Copper River Census Area's address. The address can be found on the official website.
• In-person: The Copper River Census Area also accepts in-person payments at their office. The office is located at 233 Chase Avenue, Suite 230, Cordova, AK 99574.

It's important to note that late payments will result in penalties and interest charges. If a property owner is unable to pay their taxes by the due date, they should contact the Copper River Census Area's tax department as soon as possible to discuss payment options.

If you have more questions - contact your local tax collector.

## How is Copper River Census Area Property Tax penalty calculated ?

The Copper River Census Area in Alaska assesses property taxes on real estate, meaning that property owners are required to pay an annual fee based on the value of their property. If a property owner fails to pay their property taxes on time, they are subject to a penalty fee known as a delinquency penalty. Here's how it's calculated:

1. Base Property Tax Amount: The first step in calculating the delinquency penalty is determining the base property tax amount. This is the original amount that the property owner was supposed to pay in property taxes.

2. Delinquency Date: The delinquency date is the deadline for paying property taxes without incurring a penalty. In the Copper River Census Area, the delinquency date is typically December 31st of each year.

3. Penalty Rate: The delinquency penalty rate is a percentage of the base property tax amount. In the Copper River Census Area, the penalty rate is 5% of the base property tax amount.

4. Penalty Calculation: To calculate the delinquency penalty, multiply the base property tax amount by the penalty rate, and then multiply that result by the number of days past the delinquency date. For example, if a property owner owes \$1,000 in property taxes, and they miss the December 31st deadline by 60 days, the delinquency penalty would be calculated as follows:

Penalty Amount = Base Property Tax Amount x Penalty Rate x Number of Days Late

Penalty Amount = \$1,000 x 0.05 x 60

Penalty Amount = \$300

In this example, the property owner would owe a total of \$1,300 (\$1,000 in property taxes plus a \$300 delinquency penalty). It's important to note that the delinquency penalty will continue to accrue as long as the property taxes remain unpaid, so it's in the property owner's best interest to pay their property taxes on time.

We recommend contacting the Copper River Census Area Tax Office or a local tax professional for the most up-to-date and accurate information.

#### Copper River Census Area tax offices:

Bio: Michael is a civil servant based in the United States with a deep understanding of property tax. He uses his expertise to educate homeowners and investors on the intricacies of the property tax system through his blog. Michael believes in empowering his readers with knowledge to make informed decisions about their property taxes. When he's not working, Michael enjoys hiking and exploring the great outdoors.