Property taxes in Fairbanks North Star Borough, Alaska

Q: How are property taxes calculated in Fairbanks North Star Borough?

Rate Gazetteer models here start from published millage where available (about 10.60 total mills in 2024). Ad valorem tax is generally taxable assessed value × (mills ÷ 1000), plus any non–ad valorem lines on your notice. Fairbanks North Star — 2024 modeled reference using 10.599 mills on a $350,000 taxable assessed benchmark (full/true value basis typical for Alaska municipal assessment, before optional exemptions).

Q: When are property taxes due in Alaska?

Alaska has no statewide property tax; cities and boroughs set their own calendars. Many municipalities use a July 1–June 30 fiscal year with installments—often with key dates near December 31 and June 30—but your bill or assessor is authoritative.

Q: How can I lower my property tax bill in Fairbanks North Star Borough?

Start with your assessment notice from the borough, city, or unified municipality: file for optional exemptions adopted under AS 29.45, and use the Board of Equalization process if you believe assessed value is wrong. Deadlines are local.

Q: Why can my Alaska property tax differ from the mills shown here?

Alaska parcels often sit in tax authority groups with road, fire, EMS, hospital, and city layers that stack on top of borough or municipal mills. The figure on this page is a disclosed model from cited sources—your annual notice is authoritative.

Property taxes in Fairbanks North Star Borough are modeled at about 1.06% of the taxable assessed benchmark on this page ($350,000), or roughly $3,710 per year before exemptions and non–ad valorem charges—your notice may use a different taxable value.

Fairbanks North Star — 2024 modeled reference using 10.599 mills on a $350,000 taxable assessed benchmark (full/true value basis typical for Alaska municipal assessment, before optional exemptions).

Fairbanks North Star pairs a transparent areawide education and operations split with one of Alaska’s most granular service-area maps—Fairbanks, North Pole, and rural cabin districts can see very different totals.

Last verified2026-04-18

Reference

Rates at a glance

Effective rate, modeled tax, and benchmark for this place. Published millage appears when a borough or city cites a consolidated schedule.

Effective rate: 1.06%
Modeled annual tax: $3,710
Benchmark value: $350,000
Published millage: 10.5990 mills
Population (2024 estimate): 94,951

Compare

Compare Fairbanks North Star Borough to nearby boroughs & census areas

These places share a Census-defined boundary (including some water boundaries) and are ranked by centroid proximity among jurisdictions we publish. Links stay in Alaska.

How this compares nationally

For Fairbanks North Star Borough, the modeled effective rate here is 1.06% of this page’s benchmark. That sits near the broad national band many surveys use for orientation (often roughly 1–1.3% of home value, varying by source and methodology)—use it as context, not a benchmark for “fair” taxation.

Orientation band (~1–1.3%): many U.S. surveys summarize owner-occupied property taxes in that range as a share of value—definitions differ. See Tax Foundation — Property taxes as a percentage of owner-occupied housing value (state / local, illustrative national context).

Official millage schedule (2024)

2024 areawide levy of 10.599 mills (general government + education components in Attachment A). Solid-waste, EMS, and numerous road/fire service areas add additional mills by location. — Alaska municipal mill levy / Alaska Taxable context. Combined ad valorem mills: 10.5990 mills. On taxable value: tax ≈ value × (mills ÷ 1000). Implied percent of taxable value from mills alone ≈ 1.06% (mills ÷ 10).

Special service areas, port districts, and cruise-bed taxes may appear separately from general property millage. AS 29.45.090 caps general unrestricted municipal property tax at 30 mills (3% of assessed value) unless an exception applies.

Estimate

Modeled property tax

Annual tax (modeled)

$3,710

Breakdown

Levy components

Major portions of the published rate stack (schools, county, specials) as labeled on the cited source—not parcel-specific.

Component	Detail
Areawide levy (2024 resolution)	10.599 mills — education + general government areawide components.
Service area context	Solid waste, EMS, and numerous fire/road districts add location-specific mills; city taxes (Fairbanks, North Pole) stack separately.

Assessment & taxable value

Alaska municipalities that levy property tax generally use **full and true value** (market-oriented) standards under AS 29.45.110, adjusted for mandatory and optional exemptions. Oil-and-gas property follows separate state assessment rules (AS 43.56).

Exemptions & credits

HomesteadEstimator
Optional residential exemptions (municipal ordinances)
AS 29.45.050 allows municipalities to exempt part of a home’s value (often called a homestead exemption) and other property classes by ordinance—dollar amounts vary by place and require assembly approval.
SeniorReference
Senior / disabled veteran exemptions
Alaska Taxable Table 9 series documents senior and disabled-veteran property tax relief programs by municipality—eligibility and caps are local.
Other creditReference
Assessment appeals (Board of Equalization)
You may appeal assessed value (not the mill rate itself) on grounds of unequal, excessive, or improper valuation under municipal processes.

Exemption menus are local ordinances adopted under AS 29.45.030–050. File deadlines and forms come from your borough or city assessor.

Tools

Estimate for your home

Move the slider to scale this page’s published model to a different home value. Illustrative only.

Your value

$0—$1,850,000

Value

Exemption illustrations

Rough toggles where we publish modeled impacts. Eligibility, caps, and dollar amounts on your real notice can differ—use these only to explore scale.

Add-ons (combine)

Optional residential exemptions (municipal ordinances)AS 29.45.050 allows municipalities to exempt part of a home’s value (often called a homestead exemption) and other property classes by ordinance—dollar amounts vary by place and require assembly approval.

Illustrative annual tax

$3,710

Implied effective rate at this value: 1.06% (after value scaling).

The headline figures use the benchmark as taxable assessed value (as on a TRIM or assessment notice). The slider keeps the same ratio as that published model—your taxable value on the roll is what governs the bill.

Not a tax bill, legal estimate, or appeal tool. Exemptions, caps, specials, and assessment rules can change your actual amount; confirm with your assessor or collector.

FAQ

Common questions

Short answers tied to this county’s model—always confirm dates and eligibility on official notices.

How are property taxes calculated in Fairbanks North Star Borough?

Rate Gazetteer models here start from published millage where available (about 10.60 total mills in 2024). Ad valorem tax is generally taxable assessed value × (mills ÷ 1000), plus any non–ad valorem lines on your notice. Fairbanks North Star — 2024 modeled reference using 10.599 mills on a $350,000 taxable assessed benchmark (full/true value basis typical for Alaska municipal assessment, before optional exemptions).

When are property taxes due in Alaska?

Alaska has no statewide property tax; cities and boroughs set their own calendars. Many municipalities use a July 1–June 30 fiscal year with installments—often with key dates near December 31 and June 30—but your bill or assessor is authoritative.

How can I lower my property tax bill in Fairbanks North Star Borough?

Start with your assessment notice from the borough, city, or unified municipality: file for optional exemptions adopted under AS 29.45, and use the Board of Equalization process if you believe assessed value is wrong. Deadlines are local.

What property tax exemptions apply in Fairbanks North Star Borough?

Exemption menus are local ordinances adopted under AS 29.45.030–050. File deadlines and forms come from your borough or city assessor.

Why can my Alaska property tax differ from the mills shown here?

Alaska parcels often sit in tax authority groups with road, fire, EMS, hospital, and city layers that stack on top of borough or municipal mills. The figure on this page is a disclosed model from cited sources—your annual notice is authoritative.

Sources

Verification

Primary reference

Fairbanks North Star Borough — Resolution 2024-20 (areawide mill rate)

Last verified: 2026-04-18
Evidence type: Confirmed

Checked against an official government rate sheet, notice, or tax office publication.

Modeled annual tax = 350,000 USD taxable assessed benchmark × (10.599 mills ÷ 1000). Alaska municipalities generally assess property at full and true value subject to exemptions (AS 29.45). Service-area, city, and special district layers often add mills beyond the figure above—read your notice. 2024 areawide levy of 10.599 mills (general government + education components in Attachment A). Solid-waste, EMS, and numerous road/fire service areas add additional mills by location.

Related official pages

Reference population (context): 94,951