ASSESSING

 

 Assessing News

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.

3 weeks ago
ATTENTION PROPERTY OWNERS

The Fairbanks North Star Borough Assessment Notices have been mailed to all owners of real property in the borough. The Assessment Notice is NOT a tax bill, but rather a summary statement showing the value of the land and all improvements on the land.
If you have not received your Assessment Notice please contact the Assessor's Office as it may have been returned due to an incorrect or outdated mailing address.

BOARD OF EQUALIZATION
All property owners are encouraged to review their assessment notices and contact the Assessing Office of errors, omissions or inequities. If an understanding cannot be reached, you may appeal to the Board of Equalization, provided the prescribed form is completed as required and timely filed by 5 PM, March 1, 2017 . The first scheduled hearing of the Board of Equalization will convene at 6 PM April 14, 2017 in the Borough Assembly Chambers.

HOMEOWNER EXEMPTION APPLICATIONS
The bottom half of the Assessment Notice is your Partial Residential Property Tax Exemption application. Qualified homeowners can receive an exemption equal to 20 per cent of the appraised value, up to a maximum of $20,000. To receive the exemption, you must meet the criteria listed on the back of the form and return it to the Assessor's Office no later than March 31, 2017. Also, please be sure to review the block in the lower lefthand 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 have any questions concerning either the assessed value or the exemption, please contact the Assessor's Office at: Phone: 907 459-1428

Located at: 907 Terminal Street Fairbanks AK 99701
E-mail address: assessor@fnsb.us

2 months ago


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.

 

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