Q: When are property taxes due for FY 2025-2026?
A: Tax bills are typically mailed in late July 2025. First half payment is due October 31, 2025, and second half is due March 31, 2026. If the total tax is under $500, the full amount is due October 31, 2025.
Q: What tax credits are available and do I need to apply?
A: FNSB offers several tax credits including Senior Citizen ($150,000 assessment reduction), Veterans' Disability ($150,000 reduction), and Homestead (10% annual assessment increase cap). ALL credits require annual application by March 31 preceding the tax year - they are NOT automatic.
Q: How does the Homestead credit work?
A: The Homestead credit limits annual assessment increases to 10% for owner-occupied primary residences. It does NOT reduce market value but caps how much your assessment can grow each year. You must apply annually by March 31 and occupy the property as your primary residence.
Q: When are properties assessed and how can I appeal?
A: Properties are assessed annually as of January 1. Assessment notices are mailed in spring. You have 30 days from the mailing date to file an appeal with the Board of Equalization. Contact the Assessor's Office at https://www.fnsb.gov/160/Assessing for appeal forms and procedures.
Q: What are the penalties for late payment?
A: Interest accrues at 12% annually on unpaid taxes starting November 1 for first half payments and April 1 for second half payments. Additional penalties may apply for severely delinquent accounts.
Q: Can I pay my taxes online?
A: Yes, online payments are available through the Borough Treasury website at https://www.fnsb.gov/166/Treasury. You can pay by electronic check or credit card, though credit card payments may include processing fees.
Q: Why do tax rates vary across the borough?
A: Different areas receive different levels of services through special taxing districts. Rural areas may only pay areawide levies, while properties in service areas pay additional rates for fire protection, water/sewer, or enhanced services.
Q: Do I still pay borough taxes if I live in the City of Fairbanks or North Pole?
A: Yes, but you pay city taxes instead of the borough's non-areawide levy. You still pay borough areawide taxes, school taxes, and any applicable service area taxes, plus your respective city taxes.
