Alaska— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.56%
of assessed value annually
Median home value
$296,400
2024 ACS survey
Median taxes paid
$1,673/yr
2024 data
Wrangell City and Borough's 0.56% effective property tax rate ranks 738th lowest among the 3,134 US counties tracked, placing it in the bottom 25% lowest nationally. Within Alaska's 28 counties, it's the 10th lowest. On the county's median home value of $296,400, the typical homeowner pays $1,673 annually in property tax — close to the national median of $1,629. Alaska charges no state real estate transfer tax, which keeps closing costs here lower than high-transfer-tax states like New York, Pennsylvania, or Delaware.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Wrangell City and Borough.
County median: $296,400
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Alaska property tax exemptions
Ways buyers in Wrangell City and Borough may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Senior Citizen / Disabled Veteran Exemption
Mandatory exemption up to the first $150,000 of assessed value of the primary residence for seniors 65+ or disabled veterans with 50%+ service-connected disability. All municipalities must grant this.
View official source →Optional Municipal Residential Exemption
Municipalities may grant an additional residential exemption up to $50,000 off assessed value. Kenai Peninsula Borough increased its exemption to $75,000 in 2025; Anchorage and Fairbanks have their own programs.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Wrangell City and Borough.
The effective property tax rate in Wrangell City and Borough is 0.56% — calculated as the median annual property tax paid ($1,673) divided by the median home value ($296,400), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
No. Alaska does not impose a state real estate transfer tax, which keeps closing costs in Wrangell City and Borough lower than in states like New York, Pennsylvania, or Delaware where transfer taxes can add thousands of dollars at closing.
Flood risk is relatively low. Only 0.0% of Wrangell City and Borough's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Wrangell City and Borough typically run $5,928–$14,820 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Wrangell City and Borough
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.56% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Wrangell City and Borough.
Guides for Alaska home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →