Fairbanks North Star Borough Property Taxes
Fairbanks North Star Borough, Alaska
Effective Tax Rate
0.00%
63.2% above state avgMedian Annual Tax
$0
$298/mo escrow
Estimate Your Tax
Annual Tax
$0
Monthly
$0
Eff. Rate
1.26%
At a Glance
Median Home Value
$282,500
State avg ▼ $283,581
Tax w/ Mortgage/yr
$3,829
$319/mo escrow
Tax w/o Mortgage/yr
$2,922
$244/mo
State Tax Rate Rank
#23
of 26 counties (1 = lowest)
Data Story
About Property Taxes in Fairbanks North Star Borough, Alaska
Fairbanks taxes rank well above national median
At 1.264%, Fairbanks North Star Borough's effective tax rate exceeds the national median of 0.88% by roughly 44%, placing it in the 73rd percentile. While lower than some Western states, this rate reflects Fairbanks' commitment to funding local services. Homeowners here pay considerably more than the typical American property owner.
Fairbanks ranks highest among Alaska boroughs
Fairbanks North Star Borough holds the top spot in Alaska with a 1.264% effective tax rate, narrowly edging Dillingham Census Area (1.755%). This rate is 64% higher than Alaska's state average of 0.772%, reflecting the borough's robust local investment. Fairbanks stands apart as Alaska's heaviest-taxed major municipality.
Fairbanks significantly outpaces interior and coastal rivals
Fairbanks' 1.264% rate substantially exceeds Haines Borough (0.802%), Hoonah-Angoon Census Area (0.416%), and Juneau (0.934%). Even property-rich Kodiak Island Borough (0.917%) pays less per dollar of home value. Fairbanks' tax burden is distinctly heavier than comparable Alaskan communities.
The median Fairbanks home costs $3,570 yearly
With a median home value of $282,500 and a 1.264% effective rate, a typical homeowner pays $3,570 annually in property taxes. Factoring in mortgage-related taxes pushes the annual bill to $3,829. Those without mortgages still owe $2,922, underscoring Fairbanks' substantial tax commitment.
Appeals could help Fairbanks homeowners reduce burden
Many property owners don't realize their homes may be overassessed, especially in a market as dynamic as Fairbanks. Filing a formal appeal with the borough assessor can result in a lower valuation and reduced annual tax liability. It's worth checking your assessment notice to see if a challenge makes sense for your situation.
How Fairbanks North Star Borough Compares
Median Annual Property Tax
Fairbanks North Star Borough
1.26%
Effective rate
Alaska Avg
0.77%
Effective rate
National Avg
0.91%
Effective rate
Frequently Asked Questions
What is the property tax rate in Fairbanks North Star Borough, Alaska?
How much are property taxes in Fairbanks North Star Borough?
How does Fairbanks North Star Borough compare to the Alaska average?
What is the median home value in Fairbanks North Star Borough, Alaska?
Why is Fairbanks North Star Borough property tax rate higher than the Alaska average?
How does Fairbanks North Star Borough rank for property taxes in Alaska?
Counties with Similar Tax Rates
Nearby Counties
Other Counties in Alaska
Copper River Census Area
0.08%
Northwest Arctic Borough
0.12%
Kusilvak Census Area
0.27%
Skagway Municipality
0.34%
Hoonah-Angoon Census Area
0.42%
Prince of Wales-Hyder Census Area
0.47%
Sitka City and Borough
0.47%
Wrangell City and Borough
0.62%
Kenai Peninsula Borough
0.66%
Ketchikan Gateway Borough
0.68%
Petersburg Borough
0.69%
Aleutians West Census Area
0.71%
Southeast Fairbanks Census Area
0.71%
Bristol Bay Borough
0.72%
Yakutat City and Borough
0.76%
Data updated: March 2026
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates. Effective tax rate is calculated as median property tax divided by median home value.