|Property Exemption Information|
DO YOU NEED A BREAK ON PROPERTY TAXES?
DID YOU OWN YOUR HOME PRIOR TO JANUARY 1, 2017?
Do you reside on your property as your primary residence and permanent place of abode? If so, don’t forget to complete and return to the Assessor’s office prior to April 1, 2017, the homeowner residential tax exemption application that is on the bottom half of your notice of assessed value. Please review the block in the lower left-hand corner of the exemption application to see what exemptions you are already receiving. If the block shows an exemption such as Residential-Homeowner or Senior Citizen for example, you are already signed up for the exemption and you need not reapply. If you are eligible and do not owe property tax on your residence you can receive a reduction in your assessed value of up to 20% or $20,000, whichever is less.
ARE YOU A HOMEOWNER WHO TURNED 65 PRIOR TO JANUARY 1, 2017?
Do you reside on your property as your primary residence and permanent place of abode? If so, and you have not yet done so, you should stop by the Assessor’s office to physically apply for a Senior Citizen property tax exemption prior to April 1, 2017. You will need proof of eligibility in the form of a State of Alaska driver’s license or identification card, birth certificate or passport at the time of application. If you are approved for this program, you will receive a reduction of up to $150,000 of your assessed value, assuming full eligibility.
ARE YOU A HOMEOWNER WHO HAS BEEN DECLARED 50% OR MORE DISABLED BY THE VETERANS ADMINISTRATION
PRIOR TO JANUARY 1, 2017?
Do you reside on your property as your primary residence and principal place of abode? If so, and you have not yet done so, you should stop by the Assessor’s office to physically apply for a Disabled Veterans property tax exemption prior to April 1, 2017. As proof of eligibility you will need to bring in a current letter from the Veterans Administration that states your current disability percentage and its effective date. If you are approved for this program, you will receive a reduction of up to $150,000 of your assessed value, assuming full eligibility.
For details on these programs or other property assessment issues, you can visit the Assessor’s office website or call our office at 907 459-1429.
The Assessing Department is responsible for assessing the value of all
properties within the Fairbanks North Star Borough boundaries, and
administers all State and Borough exemptions as set forth in State
Statutes and Borough Code. The department also maintains property
records information, which includes ownership, address, assessed value,
and property descriptions.
Assessing has two primary missions;
1.Administer a property assessment that is fair, uniform, and equitable by employing the following eight procedures:
- Locate and identify all taxable property within each taxing jurisdiction
- Inventory the quantity, quality, and important characteristics of all taxable property
- Accurately estimate the market value of each taxable property
- Determine the extent of tax ability of each property
- Calculate the taxable value(s) for each property
- Timely notify the owner(s) of the assessed value
- Respond to inquiries regarding methods and values; Governing Laws and Regulations
- Prepare and certify the official assessment roll of the entire Borough
2.Provide up-to-date information about assessment and related property matters,
a service grown in importance to the community over the years.