What is the property tax rate in Fairbanks, AK?

Fairbanks has an estimated effective property tax rate of 1.30%. On a median home valued at $255,700, homeowners pay approximately $3,336 per year in property taxes.

How does Fairbanks compare to Fairbanks North Star Borough?

Fairbanks's effective rate of 1.30% is 9% higher than the Fairbanks North Star Borough average of 1.19%. The county-wide median annual tax is $3,550, while Fairbanks homeowners pay an estimated $3,336.

How much are property taxes in Fairbanks on a $300,000 home?

Based on Fairbanks's effective rate of 1.30%, property taxes on a $300,000 home would be approximately $3,900 per year, or about $325 per month.

Fairbanks Property Tax Rate

Fairbanks North Star Borough, Alaska

1.30%effective rate

Fairbanks is located in Fairbanks North Star Borough, Alaska. Homeowners in Fairbanks pay a median of $3,336 per year in property taxes on a home valued at $255,700, resulting in an effective tax rate of 1.30%. This is 9% higher than the Fairbanks North Star Borough average of 1.19%.

Effective Tax Rate🏠

1.30%

vs 1.19% county avg

Est. Annual Tax💰

$3,336

Per year

Median Home Value📊

$255,700

2024 estimate

Population📍

32,242

Fairbanks, AK

How Fairbanks Compares

Fairbanks

1.30%

Fairbanks North Star Borough Average

1.19%

Alaska Average

1.11%

National Average

0.92%

About Property Taxes in Fairbanks

Property taxes in Fairbanks are collected by Fairbanks North Star Borough. Tax exemptions available to Fairbanks North Star Borough residents — including homestead, senior, and disability exemptions — also apply to homeowners in Fairbanks. For detailed information on available exemptions and the county tax collector, see the Fairbanks North Star Borough property tax page.

Property Tax Calculator

Estimate your annual property tax in Fairbanks

Home Value

$50k$2M

Apply homestead exemption ($100,000 school tax reduction)

Estimated Annual Property Tax

$3,900

$325/month · Rate: 1.30%

Fairbanks North Star Borough Property Taxes

County-level data, exemptions, historical trends, and tax collector info.

View county details →

Alaska Property Taxes

Statewide rates, all 28 counties, and exemptions.

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Think your property tax is too high?

Homeowners save an average of $1,148/year by appealing their assessment.

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Frequently Asked Questions

Data Source: U.S. Census Bureau, 2024 American Community Survey 5-Year Estimates. City-level tax data is derived from Census place-level statistics. Effective tax rates are calculated by dividing median real estate taxes paid by median home value. Actual property tax rates may vary based on local taxing jurisdictions, exemptions, and assessment practices. This information is for general reference only and should not be used as a substitute for professional tax advice.