Verified 2026 City Guide

Lake and Peninsula Property Tax

Access 2026 property tax rates, payment portals, and assessment tools for Lake and Peninsula. Taxes are administered by Lake and Peninsula Borough.

Local Rate

N/A

County Avg

0.88%

State Avg

0.01%

City vs. County Jurisdiction

While you live in Lake and Peninsula, property taxes are officially administered by Lake and Peninsula Borough. The county handles your assessment, billing, appeals, and exemptions.

Lake and Peninsula Tax Calculator

$

Est. Annual Bill

Rate: % (Lake and Peninsula Borough)

How Property Taxes Work in Lake and Peninsula

Property taxes for Lake and Peninsula residents are calculated on the ad valorem principle — your bill is proportional to the fair market value determined by the Lake and Peninsula Borough Appraisal District.

Assessment Role

The county assessor determines the value of all real estate in Lake and Peninsula every tax year.

Collection Role

Taxes are collected by the county tax office and distributed to city, school, and special-district funds.

Lake and Peninsula Tax Components

Your annual bill is a combined total of levies from multiple local government entities:

County General Fund Variable Levy
City of Lake and Peninsula Variable Levy
Local Independent School District (ISD) Variable Levy
Emergency Services District Variable Levy

Lowering Your Lake and Peninsula Property Tax Bill

Claim Exemptions

Most homeowners qualify for a Homestead Exemption that significantly reduces the taxable value of your primary residence. Seniors and veterans may qualify for additional relief.

Protest Your Value

If the county assessment exceeds fair market value you can file an appeal with the Appraisal Review Board (ARB). Over 50% of appeals result in a reduction.

2026 Important Deadlines

Assessment Notices

April – May

Protest Deadline

May 15th*

Payment Due

January 31st

*Protest deadlines are generally May 15th or 30 days after your notice was mailed, whichever is later.

Lake and Peninsula Property Tax FAQs

For 2026, property tax rates in Lake and Peninsula vary by parcel. Refer to the Lake and Peninsula Borough average rate of 0.88336842105263% as a baseline estimate.

Residents of Lake and Peninsula pay property taxes to the Lake and Peninsula Borough Tax Assessor — not a city office. Use the county's official payment portal.

Yes. File a Notice of Protest with the Lake and Peninsula Borough Appraisal District within 30 days of receiving your valuation notice. See the county appeal guide for step-by-step instructions.

Lake and Peninsula Borough Official

Property tax for Lake and Peninsula is handled at the county level.

💡 Tax Tip

Check for Homestead or Senior exemptions on the Lake and Peninsula Borough portal. These can reduce your taxable value by $25,000–$100,000+.