Alaska · FIPS 02090 · ACS 2020–2024
Fairbanks North Star Borough, Alaska property tax rate
Homeowners in Fairbanks North Star Borough paid a median of $3,550 a year in real estate taxes on a median home value of $298,200 (2020–2024 survey). Taxes came to 1.11% of home value, 19% above the Alaska rate of 0.94% and 18% above the U.S. rate of 0.94%.
- 1.11%Effective tax rate±0.08% margin · Alaska: 0.94%
- $3,550Median tax per yearAlaska: $3,901 · U.S.: $3,119
- $298,200Median home valueAlaska: $352,900
- 22,424Owner-occupied homes62% of households own
| Measure | Fairbanks North Star Borough | Alaska | U.S. | Fairbanks North Star Borough 2019–2023 | Change |
|---|---|---|---|---|---|
| Effective tax rate | 1.11% | 0.94% | 0.94% | 1.15% | −0.04 pts |
| Median tax, all owners | $3,550 | $3,901 | $3,119 | $3,570 | −$20 (-0.6%) |
| Median tax, with a mortgage | $4,014 | $4,212 | $3,489 | $3,829 | +$185 (+4.8%) |
| Median tax, no mortgage | $2,771 | $3,065 | $2,576 | $2,922 | −$151 (-5.2%) |
| Median home value | $298,200 | $352,900 | $332,700 | $282,500 | +$15,700 (+5.6%) |
| Total taxes paid | $77,752,200 | $643,683,400 | $360,573,527,500 | $75,839,100 |
How Fairbanks North Star Borough compares
- Per $1,000 of home value, owners here paid about $11.10 a year, against $9.36 statewide and $9.40 nationally.
- Rank in Alaska: 11 of 12 boroughs and census areas from lowest to highest effective rate (among those with reliable estimates). Nationally, 76% of 2,682 counties had a lower rate.
- Homes with a mortgage: 1.19% of value; homes without one: 0.97%. Median bills: $4,014 and $2,771.
- Compared with the 2019–2023 survey, the effective rate fell (−0.04 pts) and the median tax changed −$20 (-0.6%). The two 5-year surveys share four years of responses, so year-to-year moves are small and partly noise.
- Margin of error: the effective rate is 1.11% ± 0.08% at 90% confidence, from a sample of the 22,424 owner-occupied homes.
Alaska boroughs and census areas with similar rates
| Borough or census area | Effective rate | Median tax | Median value |
|---|---|---|---|
| Kenai Peninsula Borough | 0.54% | $2,049 | $323,200 |
| Ketchikan Gateway Borough | 0.66% | $2,619 | $393,300 |
| Haines Borough | 0.69% | $2,445 | $293,300 |
| Kodiak Island Borough | 0.70% | $3,569 | $412,300 |
| Juneau City and Borough | 0.88% | $4,251 | $449,300 |
| Matanuska-Susitna Borough | 0.90% | $3,685 | $346,600 |
| Chugach Census Area | 0.91% | $3,379 | $346,200 |
| Anchorage Municipality | 1.17% | $4,982 | $395,900 |
Sources
- U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates, table-based summary file: B25090 (aggregate real estate taxes), B25082 (aggregate home value), B25103 (median real estate taxes), B25077 (median home value) and B25003 (tenure); files dated January 29, 2026.
- U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates, same tables (files dated October 31, 2024), for the comparison column.
- Geography names: Census Bureau Geos20245YR.txt (file dated January 22, 2026).
Effective rate = total real estate taxes paid by owner-occupied homes ÷ their total value, as reported by owners to the Census Bureau. It is not a millage rate. Your bill depends on your assessed value, exemptions (such as homestead) and local levies.