# Denali Borough property tax

Published: 15.04.2023

## Example of Denali Borough Property Tax Calculation

A property tax is a tax levied on real estate by the government. Let's say that there is a 10-year-old boy who lives in the Denali Borough of Alaska. To calculate his property tax, the government would first assess the value of his property.

Assuming he owns a home that is worth \$100,000, the government would then multiply that value by the local millage rate. Let's say that the millage rate in Denali Borough is 10 mills. To calculate his property tax, we would multiply \$100,000 by 0.01 (since one mill is equal to 0.1 percent) and then multiply that result by 10 (since the millage rate is 10 mills).

The calculation would be:

\$100,000 x 0.01 x 10 = \$10,000

Therefore, the 10-year-old boy's property tax in Denali Borough would be \$10,000. It's important to note that property tax rates and assessments can vary depending on a variety of factors, including the location of the property and the local government's budget.

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

## Denali Borough Property Tax Rates

The Denali Borough Property Tax rates are as follows:

Tax Rate per \$100 of Assessed Value
General Fund \$1.52
School District \$4.75

These rates are effective as of January 1, 2021. It is important to note that property owners in the Denali Borough may also be subject to additional taxes, such as special assessments or levies. It is recommended that property owners consult with a tax professional for specific details and advice regarding their individual tax situation.

## Who sets property tax rates in Denali Borough ?

In Denali Borough, property tax rates are set by the Denali Borough Assembly. This is a group of elected officials who meet regularly to make decisions regarding the county's policies and regulations. The Assembly reviews the county's budget and determines the amount of revenue needed to fund county services and operations. Based on this review, the Assembly sets the property tax rate for the year.

The property tax rates in Denali Borough are usually established in the fall, and the bills are sent out to property owners in December. These bills are due in two installments, with the first due in January and the second due in June.

It is important to note that property tax rates can vary depending on the location and type of property. For example, residential properties may have a different tax rate than commercial or industrial properties. Additionally, some properties may be exempt from property taxes, such as non-profit organizations or government-owned properties.

Overall, property tax rates in Denali Borough are determined by the Denali Borough Assembly, and property owners can expect to receive their tax bills in December each year.

## Homestead exemptions in Denali Borough ?

To help Denali Borough residents navigate the world of Homestead exemptions and deductions, we've compiled a comprehensive list of all county-specific options. The following table breaks down each option by exemption, eligibility, amount, and notes:

Exemption Eligibility Amount Notes
Basic All homeowners Up to \$20,000 Applied to the first \$20,000 of assessed property value
Senior Citizen All homeowners 65 and older Up to \$150,000 Applied to the first \$150,000 of assessed property value
Disabled Veteran Veterans with a service-connected disability Up to \$150,000 Applied to the first \$150,000 of assessed property value
Widow(er) Surviving spouses of deceased homeowners Up to \$400 Applied to the assessed value of the primary residence
Firefighters and Police Officers Active or retired firefighters and police officers Up to \$20,000 Applied to the first \$20,000 of assessed property value
Moose Creek Gravel Pit Property owners within 1 mile of the Moose Creek Gravel Pit Up to \$1,500 Applied to the assessed value of the primary residence
Remote Lake Cabin Property owners with remote cabins located within the borough Up to \$20,000 Applied to the assessed value of the cabin

It's important to note that these exemptions and deductions may have specific eligibility requirements or limitations, so homeowners should always double-check with the borough before applying. Additionally, some exemptions may only apply to certain areas within the borough or for certain periods of time. Homeowners should thoroughly research their options to make sure they're maximizing their savings.

## When is Denali Borough Property Tax due ?

Denali Borough Property Tax is typically due on August 31st of each year. Property owners are required to pay their property taxes by this date to avoid any late fees or penalties.

There are several payment methods available for property owners to pay their taxes. These include:

• Online: Property owners can pay their taxes online through the Denali Borough website. This method accepts major credit cards and debit cards.

• Mail: Property owners can mail their payments to the Denali Borough Treasurer's Office. The mailing address can be found on the tax statement.

• In-person: Property owners can pay their taxes in person at the Denali Borough Treasurer's Office. The office is located in the Denali Borough Administration Building in Healy, Alaska.

It is important to note that property owners who are unable to pay their taxes in full by the due date may be eligible for a payment plan. This plan allows property owners to make monthly payments towards their taxes. However, property owners must apply for the payment plan by August 31st, and they will be subject to interest charges on any unpaid balance.

Overall, it is essential for property owners in Denali Borough to pay their property taxes on time to avoid any unwanted fees or penalties.

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

## How is Denali Borough Property Tax penalty calculated ?

Denali Borough Property Tax Penalty Calculation

The Denali Borough imposes a penalty on properties that fail to pay property taxes by the due date. The penalty is calculated as a percentage of the unpaid taxes and increases over time. Here is an example that illustrates how the penalty is calculated:

Situation Property Taxes Due Penalty Rate Penalty Amount
Original Property Taxes \$5,000 N/A N/A
Penalty for Being Late \$5,000 5% \$250
Penalty After One Month \$5,000 + \$250 10% \$750
Penalty After Two Months \$5,000 + \$250 + \$750 15% \$1,312.50

Assuming that the original property tax amount was \$5,000, if the payment is late, a 5% penalty rate will be applied, resulting in a penalty amount of \$250. If the payment remains unpaid for one month, the penalty rate will increase to 10%, and the penalty amount will be \$750. If the payment remains unpaid for two months, the penalty rate will increase to 15%, and the penalty amount will be \$1,312.50.

It's important to note that the penalty rate is cumulative and continues to increase until the property taxes are paid in full. Therefore, it's advisable to pay the property taxes on time to avoid the penalty and the additional cost.

We recommend contacting the Denali Borough Tax Office or a local tax professional for the most up-to-date and accurate information.

#### Denali Borough 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.