Fairbanks, AK — income, home value, property tax, and sales tax.
In ZIP code 99705, near Fairbanks, homes carry a median value of $309,500, and the county-level property tax rate of 1.19% works out to roughly $3,683 a year for a home at that price. With median household income at $96,964, that tax bill equals about 3.8% of annual earnings, while per-capita income sits at $52,322. A 5.50% combined sales tax applies to purchases. The relationship between incomes and home prices here leaves buyers paying a smaller share of earnings toward property taxes than in many places, though the sales tax adds to everyday costs.
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