Alaska · County property tax · ACS 2024
Fairbanks North Star Borough Property Taxes
The median homeowner in Fairbanks North Star Borough pays $3,550 a year, an effective rate of 1.19%, 78% above the U.S. median.
- $3,550
- Median tax / yr
- 1.19%
- Effective rate
- +78%
- vs U.S. median
- #5 of 28
- rank in AK
The verdict
Homeowners in Fairbanks North Star Borough pay a median $3,550 a year in property tax, an effective rate of 1.19%, more affordable than 24% of U.S. counties.
- $3,550
- Median annual tax bill, 2024
- 1.19%
- Effective rate on median home
- #2395 of 3135
- U.S. counties by tax burden
- +78%
- vs the national median bill
Effective rate is the median property tax bill divided by the median home value ($298,200). U.S. Census Bureau, ACS 5-Year Estimates · 2024.
Census Bureau ACS property tax data for Alaska. Owner-occupied homes: 22,424.
The median annual property tax in Fairbanks North Star Borough is $3,550, which is 64% higher than the Alaska state average and 78% above the national average. The effective tax rate is 1.19% on a median home value of $298,200. Property taxes represent 4.0% of the median household income in this county. All property tax data shown below is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, which aggregates self-reported tax payments from homeowner households across the county. This page includes tax trends over multiple years, comparisons with neighboring counties, and a rent-versus-own cost analysis.
What This Data Tells Us About Fairbanks North Star Borough
Homeowners in Fairbanks North Star Borough pay a median annual property tax of $3,550, which is 78% higher than the national median and 64% above the Alaska state average. The effective tax rate of 1.19% on a median home value of $298,200 reflects how the local assessment base and millage combine into an actual bill.
Property taxes in Fairbanks North Star Borough represent about 4.0% of the median household income of $88,267, compared with a common national benchmark of 2% to 4%. Homeowners with a mortgage report a median of $4,014 in annual property tax while those without a mortgage report $2,771 - a gap that usually reflects differences in home value rather than differences in tax rate. Compared with 2023, the median tax bill changed by -0.6%, which tracks reassessment cycles and changes in the underlying home value distribution.
This page is for informational purposes only and is not tax, legal, or financial advice. Figures describe the median homeowner household in Fairbanks North Star Borough as reported to the Census Bureau, your own bill can differ based on your parcel's assessed value, exemptions, special districts, and municipal overlays. Always consult your county assessor, tax collector, or a qualified professional before making decisions that depend on these numbers.
With vs Without Mortgage
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
How Fairbanks North Star Borough compares
Effective property tax rate (median tax ÷ median home value), ACS 2024.
Fairbanks North Star Borough's effective rate is higher than 82% of the 28 counties in Alaska - ranking #5 of 28 for property tax burden.
Where Fairbanks North Star Borough sits among every U.S. county
Effective property tax rate (median tax ÷ median home value)
1.19% more affordable than 24% of 3,135 U.S. counties
Each bar is a band; taller bars hold more U.S. counties. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2024
Fairbanks North Star Borough vs Benchmarks
| Metric | Fairbanks North Star Borough | Alaska Avg | U.S. Avg |
|---|---|---|---|
| Median Annual Tax | $3,550 | $2,159 | $1,993 |
| Effective Tax Rate | 1.19% | 0.75% | 0.92% |
| Median Home Value | $298,200 | $285,439 | $227,791 |
Source: U.S. Census Bureau, ACS 5-Year Estimates. Tax-burden differences across rows reflect millage decisions, assessment-ratio practices, and the residential-vs-commercial mix of each tax base.
Think your Fairbanks North Star Borough property tax bill is too high?
A successful appeal can lower your assessed value by 10-25%, cutting your annual tax bill by hundreds or thousands of dollars. Use our free Appeal Savings Estimator to project savings on your specific home, then read our step-by-step appeal guide for the exact procedure in Alaska.
Property Tax History
Median annual property tax in Fairbanks North Star Borough, 2020–2024 (ACS). Up +20% over the period.
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2024 | $3,550 -0.6% | 1.19% |
| 2023 | $3,570 +2.9% | 1.26% |
| 2022 | $3,470 +7.3% | 1.25% |
| 2021 | $3,234 +9.4% | 1.32% |
| 2020 | $2,955 | 1.23% |
Tax Burden
Tax Affordability Score
Based on the effective tax rate of 1.19% compared to the national average of 0.92%. Property taxes in Fairbanks North Star Borough are near the national average.
Other Counties in Alaska
Frequently Asked Questions
What is the average property tax in Fairbanks North Star Borough, Alaska? ▼
How does Fairbanks North Star Borough property tax compare to the national average? ▼
Does having a mortgage affect property taxes in Fairbanks North Star Borough? ▼
What percentage of income goes to property taxes in Fairbanks North Star Borough? ▼
Are property taxes increasing in Fairbanks North Star Borough? ▼
How can I appeal my property tax assessment in Fairbanks North Star Borough? ▼
What this means in Fairbanks North Star Borough
How to use Fairbanks North Star Borough's property-tax numbers, for budgeting, comparison, or an appeal.
- At Fairbanks North Star Borough's 1.19% effective rate, a $298,200 home implies about $3,550/yr, plug in your own home's value to estimate your bill. Estimate your bill
- Fairbanks North Star Borough ranks #5 of 28 counties in Alaska by effective rate, compare it against the rest of the state before you judge your bill. Alaska overview
- If your assessed value looks high relative to Fairbanks North Star Borough's typical home, you may have grounds to appeal, most jurisdictions have a filing window each year. How to appeal
Effective rate is the county median tax divided by the county median home value ($298,200); your parcel's assessed value, exemptions, and local levies determine your actual bill. U.S. Census Bureau ACS · 2024.
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Data as of 2024. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates.
Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.
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Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the U.S. Census Bureau American Community Survey. Consult a qualified professional before making decisions based on this data.
Read our methodology - how this data is sourced, computed, and verified.