Fairbanks North Star County, Alaska Property Taxes

Name: Property Tax Bills Across Fairbanks North Star County, Alaska
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fairbanks North Star County effective property tax rate: 1.40%, significantly higher than the national median of 1.02%.
Median Fairbanks North Star County home value: $255,766
Median annual Fairbanks North Star County tax bill: $3,655, $1,255 higher than the national median property tax bill of $2,400.

How are property taxes in Fairbanks North Star County calculated?

Property taxes in Fairbanks North Star County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Fairbanks or another part of Fairbanks North Star County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fairbanks North Star County, Alaska Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$3,581

$3,323

Ownwell’s Fairbanks North Star County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fairbanks North Star County with just two data points. By entering your property's estimated assessed value, our calculator applies Fairbanks North Star County’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fairbanks North Star County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fairbanks North Star County, Alaska

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Fairbanks North Star County's effective property tax rate to other counties in Alaska or the U.S. median property tax rate. The median property tax rate in Fairbanks North Star County is 1.40%, which is higher than the national median property tax rate of 1.02%. Within the county, Fairbanks has the highest median tax rate at 1.46%, while Salcha boasts the lowest at 1.26%. These variations highlight the importance of understanding local tax policies and how they impact property owners.

Property Tax Rates Across Fairbanks North Star County, Alaska

Source: Ownwell

1.26%

1.39%

1.51%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fairbanks North Star County Tax Rate

1.40%

Median Effective Alaska Tax Rate

1.37%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fairbanks North Star County, Alaska

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Fairbanks	1.21%	1.33%	1.46%	1.60%	1.71%
North Pole	1.15%	1.23%	1.33%	1.40%	1.53%
Salcha	0.99%	1.26%	1.26%	1.26%	1.26%

Source: Ownwell

Property Tax Assessment Values Across Fairbanks North Star County, Alaska

When examining property taxes in Fairbanks North Star County, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fairbanks North Star County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices:

In Fairbanks North Star County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fairbanks North Star County.

For example, the median tax bill in Fairbanks North Star County is $3,830, with tax bills ranging significantly across the county. North Pole has the highest median home price at $278,391.

Property Tax Assessment Values Across Fairbanks North Star County, Alaska

Source: Ownwell

$142,391

$210,391

$278,391

Median Fairbanks North Star County Market Value

$255,766

Median Alaska Market Value

$289,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fairbanks North Star County, Alaska

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Fairbanks	$59,516	$155,000	$252,266	$335,722	$424,975
North Pole	$63,153	$201,634	$278,391	$338,850	$405,713
Salcha	$29,221	$55,186	$142,391	$230,088	$306,630

Source: Ownwell

Property Tax Bills Across Fairbanks North Star County, Alaska

In Fairbanks North Star County, AK, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners can expect their tax bill to vary significantly depending on their property's assessed value. The median home price in the area is $255,766, which influences the amount homeowners pay in taxes. For instance, the median tax bill here is $3,830, which is considerably higher than the national median property tax bill of $2,400. Homeowners in Fairbanks North Star County may find themselves paying taxes that range widely, with the 25th percentile tax bill at $2,204 and the 90th percentile reaching up to $6,331. This disparity highlights how assessments and local rates can significantly affect property tax obligations. The city of Fairbanks within the county has the highest median tax bill, reflecting the variations in tax burdens across different areas. Understanding these factors is crucial for homeowners to effectively manage their property tax responsibilities.

Property Tax Bills Across Fairbanks North Star County, Alaska

Source: Ownwell

$1,764

$2,905

$4,045

Median Fairbanks North Star County Tax Bill

$3,655

Median Alaska Tax Bill

$3,874

Median United States Tax Bill

$2,400

Property Tax Bills Across Fairbanks North Star County, Alaska

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Fairbanks	$944	$2,266	$3,830	$5,254	$6,749
North Pole	$862	$2,549	$3,679	$4,586	$5,552
Salcha	$370	$707	$1,764	$2,676	$3,795

Source: Ownwell