Property tax rate unchanged from last year

At the assembly’s May 24 meeting, members unanimously approved a resolution setting the property tax levy for this year at 12.75 mills, which is $1,275 on every $100,000 in assessed value, the same rate as last year.

The tax rate is 4 mills for property outside the borough’s service area, such as Thoms Place toward the southern end of Wrangell Island and Meyers Chuck.

Property tax payments are due by Oct. 15.

The borough estimates it will collect almost $1.8 million in property taxes in the fiscal year that starts July 1, with more than 96% coming from land and buildings within the service are...

 

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