Kenai Peninsula Borough, Alaska property tax
The median homeowner in Kenai Peninsula Borough, Alaska pays $1,974 a year in property tax on a home worth $297,500, an effective rate of 0.66%. The national effective rate is 0.98%.
What the rate means here
At 0.66%, Kenai Peninsula Borough taxes property more lightly than the national 0.98%. With a median home at $297,500, that produces a bill of $1,974. Somebody still funds the schools, so it is worth knowing what a low-tax county collects instead.
It ranks #13 of 18 Alaska counties by effective rate, against a statewide 1.14%, and #1,865 nationally. The state runs from 1.55% in Nome Census Area down to 0.12% in Northwest Arctic Borough.
The median home costs 3.83 times the median household income of $77,722, close to the national 3.86. With 59,843 residents, the sample behind these medians is small, and the survey's own margins of error are correspondingly wider.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Kenai Peninsula Borough | Alaska | United States | |
|---|---|---|---|
| Effective property tax | 0.66% | 1.14% | 0.98% |
| Median tax bill | $1,974 | $3,785 | $2,969 |
| Median home value | $297,500 | $333,300 | $303,400 |
| Median gross rent | $1,163 | $1,388 | $1,348 |
| Median household income | $77,722 | $89,336 | $78,538 |
| Home price to income | 3.83× | 3.73× | 3.86× |
| Rent as share of income | 17.96% | 18.64% | 20.6% |
| Owner-occupied | 76.78% | 66.59% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 59,843.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Juneau City and Borough | 0.93% | $4,039 | $432,500 |
| Fairbanks North Star Borough | 1.26% | $3,570 | $282,500 |
| Bethel Census Area | n/a | not reported | $120,600 |
| Ketchikan Gateway Borough | 0.68% | $2,588 | $379,000 |
| Kodiak Island Borough | 0.92% | $3,509 | $382,700 |
Kenai Peninsula Borough property tax: common questions
What is the property tax rate in Kenai Peninsula Borough, Alaska?
The effective rate is 0.66% of home value, from a median tax bill of $1,974 against a median home value of $297,500. That is 0.32 points below the national 0.98%.
How much is property tax on a $400,000 home in Kenai Peninsula Borough?
Roughly $2,640 a year at the county effective rate of 0.66%.
Is Kenai Peninsula Borough expensive compared with the rest of Alaska?
It ranks #13 of 18 Alaska counties by effective property tax rate, and #1865 of 2,826 nationally. That is 0.48 points below the Alaska average of 1.14%.
What does housing cost in Kenai Peninsula Borough?
The median home is worth $297,500 and median gross rent is $1,163 a month. Median household income is $77,722, which puts the home at 3.83 times annual income and rent at 17.96% of it.