Fairbanks North Star Borough, Alaska property tax
The median homeowner in Fairbanks North Star Borough, Alaska pays $3,570 a year in property tax on a home worth $282,500, an effective rate of 1.26%. The national effective rate is 0.98%.
What the rate means here
At 1.26%, Fairbanks North Star Borough taxes property more heavily than the country as a whole, which sits at 0.98%. Both the rate and the house are above national. That is the expensive combination, and the $3,570 median bill reflects it.
Inside Alaska it is one of the most heavily taxed counties there is, ranking #3 of 18, against a statewide 1.14%. At the other end of the same state, Northwest Arctic Borough charges 0.12%. A spread that wide inside one state is normal, because school districts, not states, set most of the levy.
The median home costs 3.33 times the median household income of $84,722, close to the national 3.86. The county has 95,555 residents, which is small enough that the medians describe a reasonably coherent market.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Fairbanks North Star Borough | Alaska | United States | |
|---|---|---|---|
| Effective property tax | 1.26% | 1.14% | 0.98% |
| Median tax bill | $3,570 | $3,785 | $2,969 |
| Median home value | $282,500 | $333,300 | $303,400 |
| Median gross rent | $1,424 | $1,388 | $1,348 |
| Median household income | $84,722 | $89,336 | $78,538 |
| Home price to income | 3.33× | 3.73× | 3.86× |
| Rent as share of income | 20.17% | 18.64% | 20.6% |
| Owner-occupied | 61.69% | 66.59% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 95,555.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Matanuska-Susitna Borough | 1.10% | $3,512 | $319,200 |
| Kenai Peninsula Borough | 0.66% | $1,974 | $297,500 |
| Juneau City and Borough | 0.93% | $4,039 | $432,500 |
| Bethel Census Area | n/a | not reported | $120,600 |
| Ketchikan Gateway Borough | 0.68% | $2,588 | $379,000 |
Fairbanks North Star Borough property tax: common questions
What is the property tax rate in Fairbanks North Star Borough, Alaska?
The effective rate is 1.26% of home value, from a median tax bill of $3,570 against a median home value of $282,500. That is 0.28 points above the national 0.98%.
How much is property tax on a $400,000 home in Fairbanks North Star Borough?
Roughly $5,040 a year at the county effective rate of 1.26%.
Is Fairbanks North Star Borough expensive compared with the rest of Alaska?
It ranks #3 of 18 Alaska counties by effective property tax rate, and #616 of 2,826 nationally. That is 0.12 points above the Alaska average of 1.14%.
What does housing cost in Fairbanks North Star Borough?
The median home is worth $282,500 and median gross rent is $1,424 a month. Median household income is $84,722, which puts the home at 3.33 times annual income and rent at 20.17% of it.