In Fairbanks North Star Borough, Alaska the effective property tax rate is 1.26%. The median homeowner pays $3,570 a year in real estate taxes on a home with a median value of $282,500. That rate is the 4th highest of the 26 Alaska counties with published data, and the 704th highest of 3,132 counties in the United States.
Property tax in Fairbanks North Star Borough
The effective rate is the median real estate tax paid divided by the median home value. The Alaska statewide average is 1.14%, so Fairbanks North Star Borough is above it. Applying this county's rate to other home prices gives a rough idea of the yearly bill; actual bills depend on the school district, exemptions and the assessed value.
| Home value | Estimated tax per year | Per month |
|---|---|---|
| $200,000 | $2,520 | $210 |
| $282,500 (county median) | $3,570 | $298 |
| $300,000 | $3,780 | $315 |
| $400,000 | $5,040 | $420 |
| $500,000 | $6,300 | $525 |
Home values and incomes
The median home value is $282,500 (14th highest in Alaska, 565th highest nationally) and the median household income is $84,722. Homes cost about 3.3 times a typical household's yearly income. Median gross rent is $1,424 a month. 61.7% of occupied homes are owner-occupied. Homeowners with a mortgage pay a median of $1,299 a year for insurance. For comparison, the Alaska statewide median home value is $397,932.
Counties near Fairbanks North Star Borough in the Alaska property tax ranking
| County | Effective rate | Median home value |
|---|---|---|
| Dillingham Census Area | 1.76% | $163,800 |
| Nome Census Area | 1.55% | $201,000 |
| Anchorage Municipality | 1.29% | $375,900 |
| Fairbanks North Star Borough | 1.26% | $282,500 |
| Matanuska-Susitna Borough | 1.10% | $319,200 |
| North Slope Borough | 0.95% | $219,600 |
| Juneau City and Borough | 0.93% | $432,500 |
Frequently asked questions
What is the property tax rate in Fairbanks North Star Borough, Alaska?
The effective property tax rate is 1.26% of home value per year, the 4th highest of 26 counties in Alaska (Census ACS 2023 5-year estimates).
How much is property tax on a $300,000 home in Fairbanks North Star Borough?
At the county's effective rate of 1.26%, about $3,780 a year (roughly $315 a month). Your actual bill depends on the assessed value, your school district and exemptions.
What is the median home value in Fairbanks North Star Borough?
The median home value is $282,500 (Census ACS 2023 5-year estimates, owner-occupied homes).
What is the median household income in Fairbanks North Star Borough?
The median household income is $84,722 (Census ACS 2023 5-year estimates).