Fairbanks North Star Borough, AK Property Tax: $3,570/yr (2026)
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The effective property tax rate in Fairbanks North Star Borough is 1.26% of assessed home value. On a home at the county median value of $282,500, that works out to about $3,560 per year, or $297 per month. Fairbanks North Star Borough is located in northern Alaska, and is home to approximately 95,555 residents.
About Fairbanks North Star Borough
Fairbanks North Star Borough covers approximately 7,334.8 square miles in Alaska. The county is home to about 95,555 residents living in roughly 42,695 housing units, of which 52.3% are owner-occupied. The median household income is $84,722, and the median home was built in 1985.
Fairbanks North Star Borough borders Southeast Fairbanks Census Area, Yukon-Koyukuk Census Area — useful comparisons if you're considering nearby areas with potentially different tax rates.
How Property Taxes Work in Alaska
Property taxes in Alaska are administered at the county level. Each county sets a millage rate applied to the assessed value of real property — the effective rate above accounts for any partial assessments and exemptions already built into the local tax base. Assessed value can differ meaningfully from current market value depending on how often the county reassesses and what fraction of market value it uses.
Most counties in Alaska offer exemptions that reduce the taxable assessed value: homestead exemptions for primary residences, senior exemptions, disability exemptions, and veteran exemptions are common. These reduce your effective rate below the county-wide average shown here. Contact the Fairbanks North Star Borough Assessor's office to learn which exemptions apply to your property and when to file.
Fairbanks North Star Borough vs. Neighboring Counties
| Location | Eff. Rate | Median Home | Annual Tax |
|---|---|---|---|
| Fairbanks North Star Borough, AK | 1.26% | $282,500 | $3,560 |
| Alaska state average | 0.77% | — | $2,175* |
| Southeast Fairbanks Census Area | 0.71% | $262,800 | $1,871 |
| Yukon-Koyukuk Census Area | 0.86% | $87,800 | $757 |
| US national average | 1.10% | $281,900 | $3,101 |
*State average annual tax computed at Fairbanks North Star Borough's median home value of $282,500. Source: US Census ACS 2023 5-year estimates.
Frequently Asked Questions
How does Fairbanks North Star Borough's property tax rate compare to the rest of Alaska?
At 1.26%, Fairbanks North Star Borough is higher than the Alaska state average of 0.77%. On a home at the county median of $282,500, that means about $3,560 per year — versus $2,175 at the state average rate, a difference of $1,385 per year. Compared to the national average of 1.10%, Fairbanks North Star Borough is above average.
What's a typical annual property tax bill in Fairbanks North Star Borough?
For a home at the county median value of $282,500, the annual property tax in Fairbanks North Star Borough is approximately $3,560 — or about $297 per month. For a home worth $423,750, expect around $5,339 per year. For a $565,000 home, approximately $7,119 per year. Use the calculator above to estimate taxes for any assessed value.
Where do I appeal a Fairbanks North Star Borough property tax assessment?
Property assessment appeals in Fairbanks North Star Borough are handled by the Fairbanks North Star Borough Assessor's office. Most jurisdictions require filing within 30–90 days of receiving your assessment notice — confirm the specific deadline with the assessor's office before submitting, as deadlines and procedures vary by county. A successful appeal can reduce your assessed value and lower your tax bill for the current and future tax years.
What exemptions are available in Fairbanks North Star Borough?
Alaska counties commonly offer homestead exemptions for owner-occupied primary residences, senior citizen exemptions for qualifying homeowners aged 65 and older, exemptions for disabled residents, and veterans' exemptions. Each exemption reduces your assessed taxable value, which in turn reduces your effective tax rate below the county-wide 1.26% shown here. Contact the Fairbanks North Star Borough Assessor's office to confirm which exemptions are available and the application deadlines.
Data sources: US Census Bureau ACS 2023 5-Year Estimates, US Census Gazetteer (2024), County Adjacency File