What are typical monthly property tax rates and annual tax amounts for a single-family home in Wasilla, Alaska in 2026

Basic formula. Property tax in Wasilla is computed by multiplying the taxable assessed value of a property by the combined mill rate set by Mat-Su Borough and local levies, then dividing by 1,000. The Mat-Su Borough assessor determines assessed value, which is often a percentage of market value established through sale comparisons and local appraisal cycles.

Assessed value and taxable value

Assessed versus market. Mat-Su Borough posts assessed values for each parcel. For many Wasilla single-family homes, assessed value is close to market value but may lag recent sales. Taxable value can differ if exemptions apply, such as senior exemptions or other credits administered by the borough.

Mill rate and local levies

What the mill rate is. The mill rate is expressed in mills per dollar of assessed value, meaning the amount owed per 1,000 of assessed value. Wasilla property owners pay the Mat-Su Borough mill rate plus any city, school, or service area levies that apply to their parcel. To calculate your exact bill, check the current mill rate on the borough website for October 2026.

2. Typical annual and monthly tax examples

Quick answer with examples. Below are example annual and monthly tax amounts for single-family homes in Wasilla at three common price points. These use a sample combined effective rate for illustrative calculation only; your parcel may have different levies. Verify your parcel mill rate and exemptions on the Mat-Su Borough assessor portal.

• Example A: $300,000 home Assessed value: $300,000, Sample combined rate: 17.5 mills equals $5,250 annual tax, Monthly cost: $437.50
• Example B: $425,000 home Assessed value: $425,000, Sample combined rate: 17.5 mills equals $7,437.50 annual tax, Monthly cost: $619.79
• Example C: $600,000 home Assessed value: $600,000, Sample combined rate: 17.5 mills equals $10,500 annual tax, Monthly cost: $875.00

Why these are illustrative. The combined mill rate for any single parcel depends on the Mat-Su Borough rate, school district levies, city of Wasilla assessments if inside city limits, and any service area charges. Use the examples to budget, then confirm exact figures with parcel data and the current mill rate.

3. Where to find local tax rates and parcel data

Direct sources to check. The Mat-Su Borough assessor website is the authoritative source for assessed values and mill rates for Wasilla parcels. The City of Wasilla publishes any city levies for properties inside city limits. Tax bills include line items for borough, city, and school levies; review them to see what you will pay.

Useful links. For broader context on Alaska tax policy and homeowner impacts, see this Realtor.com story on Alaska homeownership and tax considerations, and this piece on hidden home equity taxes that can affect sellers.

Another helpful resource. Realtor.com also explains statewide issues like the home equity tax that can apply when sellers realize gains on Alaska property, which is important to consider when planning a sale in Wasilla.

4. Steps buyers and sellers should take

Actionable next steps. Both buyers and sellers in Wasilla should gather parcel-specific tax data, verify exemptions, and include taxes in monthly cost calculations. Below are practical tasks that make the numbers you see accurate for your property.

Request current tax amount and history

Ask for specific documents. When touring a Wasilla home, ask the seller or listing agent for the most recent tax bill and the prior year bill. These show parcel levies, any service area charges, and payment history. If you are the buyer, include property tax in your affordability worksheet and your lender's escrow estimate.

Review exemptions and appeal options

Check for credits. Mat-Su Borough lists exemptions such as senior credits and veteran exemptions. Confirm eligibility and how to apply. If you disagree with an assessed value, the borough provides an appeal process with deadlines noted on assessment notices.

Budgeting for monthly costs

Include taxes in your monthly plan. If your mortgage includes an escrow account, the lender will collect a monthly portion of taxes. If not, divide the annual tax by 12 to estimate your monthly outlay. For homes near Wasilla Lake or in subdivisions off Palmer Wasilla Highway, watch for special service area charges on the bill.

5. FAQ

How often do assessments change? Assessments are set on a schedule by Mat-Su Borough and can change annually as new sales inform values. Check your annual assessment notice for the effective date and appeal instructions.

Do buyers pay property tax at closing? Closing adjustments depend on the closing date and local custom. Typically, seller and buyer prorate the annual tax so each party pays taxes for the portion of the year they owned the property. Your closing statement will show the exact prorated amounts.

Where do I find exemptions? Mat-Su Borough maintains a page listing eligible exemptions and application instructions. City of Wasilla offices can help if your property sits inside city limits. Check official borough pages before relying on any third-party summary.

Local context and advice. Wasilla has a mix of in-town lots near Main Street and larger residential parcels toward the Palmer-Wasilla Highway and Trunk Road. Parcel size and any service area assessments for sewer, solid waste, or fire protection affect total tax bills. For a specific parcel, I can pull the assessor record and show you exact levies and recent assessment history.

Related reading. If you are budgeting for a move to Wasilla, see my relocation guide and property search tips to understand typical home features and neighborhoods in the Mat-Su Valley.