Property Taxes in Fairbanks
Fairbanks' property tax picture involves two real, distinct figures this record discloses precisely: a Fairbanks North Star Borough-wide median effective rate cited at approximately 1.30% (above this project's ~1.02% national comparison figure), layered with a SEPARATE City of Fairbanks municipal mill levy (6.381 mills for 2026) that applies only within city limits.
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Learn moreThe Borough-Wide Median Effective Rate: This Record's Primary Citation
A Fairbanks North Star Borough-wide citation put the median effective property tax rate at approximately 1.30%, based on a cited median home value of $206,800 and a median annual tax of $2,693 -- above this project's ~1.02% national comparison figure.
A Real, Distinct, Separate City-Specific Mill Rate -- Do Not Confuse the Two
The City of Fairbanks approved its OWN separate municipal property tax rate of 6.381 mills for tax year 2026 (up from 5.833 mills in 2025) -- a real, current figure that applies only within city limits, layered on top of the broader borough-wide levy. This record discloses this distinction precisely rather than conflating the two rates.
A Real, Disclosed Gap on Neighborhood-Level or ZIP-Level Variance
This record's own research this pass did not surface Fairbanks-specific ZIP-code-level or neighborhood-level property tax variance to the same depth as this project's Fargo, ND record -- a real, disclosed gap. Buyers and homeowners should confirm a specific target property's current assessed value and actual combined levy directly with the Fairbanks North Star Borough Assessing Department.
Key takeaways
- The Fairbanks North Star Borough-wide median effective property tax rate (~1.30%) runs above this project's ~1.02% national comparison figure.
- A separate City of Fairbanks municipal mill levy (6.381 mills for 2026, up from 5.833 mills in 2025) applies only within city limits, layered on top of the borough-wide rate -- do not confuse the two figures.
- This record did not research Fairbanks-specific ZIP-level property tax variance in comparable depth this pass -- a real, disclosed gap.
- Confirm a specific property's current assessed value and combined levy directly with the Fairbanks North Star Borough Assessing Department.
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