99701 Property Tax Rate

Property owners in ZIP code 99701 (Fairbanks, Alaska) pay a median of $3,007/year in property taxes on homes valued at $235,300. This translates to an effective tax rate of 1.28%, which is 51% above the Alaska state average of 0.84%.

The monthly property tax burden for a median-valued home in 99701 is approximately $251, which factors into escrow payments on mortgages. This ZIP code is located within Yukon-Koyukuk Census Area. This is $652 more than the Alaska average of $2,355/year.

Compared to similar ZIP codes in Alaska, 99701 has higher property taxes. ZIP codes with similar effective rates include 99782 (1.27%) and 99789 (1.27%).

In Fairbanks, property taxes represent approximately 4.1% of the median household income of $73,551, providing context for the relative tax burden on homeowners in this area.

Alaska has no statewide property tax cap; Yukon-Koyukuk Census Area sets assessments locally with minimal reassessment activity due to extremely low population density. Contact the Yukon-Koyukuk Census Area Assessor after purchase to confirm your assessed value and inquire about any available exemptions for seniors or veterans. Request documentation of your final assessment in writing and note the local appeal deadline if you wish to challenge the valuation.