Kodiak, Alaska - Official Visitors Guide - Local Taxes
Local
Taxes
As noted in the Cost of Living Section, Kodiak
has a relatively low tax rate. The average yearly tax (both property and
sales tax) paid by Kodiak residents is 15% below the national average.
Property tax is the largest source of revenue for the Kodiak
Island Borough. In Fiscal Year 2002, the Borough collected
about $8.6 million in property taxes. The 2003 assessed value of residential,
commercial and personal property in the Kodiak Island Borough totaled
$760 million. In FY2002, the Borough also collected roughly $724,302
in severance taxes, primarily from the commercial fishing and timber
industries.
Currently, the Kodiak Island Borough's basic mill rate is 9.25 mills;
however, for service districts outside the City of Kodiak there are
additional mills assessed for road, sewer, water, and fire services.
The maximum property tax rate in the Borough is 12.5 mills.
The City of Kodiak generates much of its operating
revenue from sales taxes collected within the city limits. The cap on
the amount of tax collected is $30.00 per transaction. In FY 2002, the
City collected $6.9 million in sales taxes and $102,346 in transient
room taxes (hotels and B&Bs).
The City also assesses tariffs on goods transferred over the municipal
docks, which are used for harbor maintenance and improvements. In FY
2002, $277,394 in wharfage fees were generated at Piers I, II &
III..
