Property tax in Kenai Peninsula Borough, Alaska

Estimate the property tax on a home in Kenai Peninsula Borough

Enter a home's market value for a ballpark at Kenai Peninsula Borough's average effective rate of 0.63% (Census). The real bill depends on the home's assessed value, the millage where it sits and any exemptions.

Property tax in Kenai Peninsula Borough at a glance

Effective rate = median real estate taxes paid divided by median home value. Source: U.S. Census Bureau, American Community Survey 5-year estimates.

How does Kenai Peninsula Borough compare in Alaska?

Among Alaska's 28 counties, Kenai Peninsula Borough has the 17th highest effective property-tax rate: 16 rank higher and 11 rank lower. That is on the lower side for Alaska. Nationally, it ranks 2132nd of 3135 US counties by effective rate. See every Alaska county ranked.

How much do homeowners in Kenai Peninsula Borough actually pay?

The median is only the middle bill. Across Kenai Peninsula Borough's 18,771 owner-occupied homes, 21.8% pay $3,000 or more a year in property tax, 40.2% pay at least $2,000, and 12.4% pay under $800. Another 21.4% report paying no property tax at all, which usually means an exemption covers the whole bill.

Owners with a mortgage pay a median of $2,315 and owners without one pay $1,610. Owners who have paid off a home have usually held it longer, and in states that cap how fast an existing owner's assessment can rise, long-held homes carry lower assessed values. Census table B25103.

How does the Kenai Peninsula Borough property tax bill compare with local incomes?

The median property tax bill of $2,049 is about 2.2% of the median income of Kenai Peninsula Borough homeowner households, $91,265 a year. That compares two middles, so a retiree in a long-held home can pay a far larger share. 77% of Kenai Peninsula Borough's occupied homes are lived in by their owners; renters pay property tax too, just folded into rent.

Have property taxes gone up in Kenai Peninsula Borough?

Yes. The median bill went from $1,655 in 2015-2019 to $2,049 in 2020-2024, a 23.8% rise. Over the same span the median home value moved 33.4%, from $242,200 to $323,200. Bills rose more slowly than values, which is what assessment caps and falling millage rates do: the county is taxing a smaller share of each home's worth.

Two Census ACS 5-year periods with no survey years in common, in each period's own dollars. A change counts only if it exceeds the combined 90% margin of error.

Property tax in counties next to Kenai Peninsula Borough

Kenai Peninsula Borough borders 6 counties.

How is a home assessed in Kenai Peninsula Borough?

Alaska assesses homes at 100% of market value in every county, Kenai Peninsula Borough included. How Alaska assesses and reappraises homes.

Is there a homestead exemption in Kenai Peninsula Borough?

Not statewide. Alaska lets each municipality adopt, with voter ratification, a residential exemption of up to $75,000 of assessed value. That is the Alaska rule, and it applies in Kenai Peninsula Borough. Alaska's exemptions and relief programs in full.

When are property taxes due in Kenai Peninsula Borough?

Alaska sets no statewide payment date. State law requires each municipality to fix its levy rate before June 15 and mail tax statements by July 1, but the actual payment and delinquency dates are set locally. State law contemplates that a municipality may allow two installments but does not require it, so whether you get one bill or two depends on where you live. Recent due dates among the larger boroughs spread from late June to November 1.

That is the Alaska rule. Kenai Peninsula Borough issues and collects the bill, so the dates printed on your statement are the ones that bind you.

How to appeal your Kenai Peninsula Borough property assessment

You contest the assessed value with the your local board of equalization, appointed by the borough or city governing body. The filing deadline is typically 30 days after the date the assessment notice was mailed. That is the Alaska rule; Kenai Peninsula Borough sets the exact dates and forms. The Alaska appeal process step by step.

Alaska rules from primary state sources, reviewed September 7, 2026; sources on the Alaska page.

Work out your own numbers

• How much house can I afford?

  Your income, debts and down payment against the 28/36 rule lenders actually use, with Kenai Peninsula Borough's tax rate to hand.

• Mortgage calculator

  Monthly payment with principal, interest, tax and insurance, plus what an extra payment saves you.

• Alaska income tax

  Brackets, standard deduction and what Alaska actually taxes.

• Sales tax in Kenai Peninsula Borough

  The other local tax: combined state and local rate for this county.