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Summary
PANPhysical DescriptionNeighborhoodFire Service Area
75981LOT 7 BLOCK 45 HAMILTON ACRES SW & MW PTN 0121 - Hamilton AcresCITY OF FAIRBANKS
Property ClassTax StatusBusiness
ResidentialTAXABLE
Land AreaMillage GroupMillage Rate (2026)

1 - 11,720 Square Feet

0060 - HAMILTON ACRES16.89
ZoningFlood Zone
TF: Two-Family Residential
X
Street AddressBilling AddressChild PropertiesParent Properties
432 LIGNITE AVE
432 LIGNITE AVE
FAIRBANKS AK 99701-3741
none675535, 675535
Structures
Year BuiltDescriptionArchitectureCategory
1970SFRStandard 02Residential
Section IDFootprintStoriesPerimeterInterior DescriptionWall Type
19421144Main Area2x4 Custom
26121104Secondary L.A.2x4 Custom
Amenities
qty: 23-Fix. Bath_SFR
Section IDFootprintDescription
3322Attached Gar. (C)
4400Deck
5136Open Por Finished
Documents
DescriptionRecord DateBookPageInstrument
Quitclaim Deed2025-06-232025-007157-0view
Warranty Deed2022-10-142022-015427-0view
Quitclaim Deed1984-10-22394749
Covenants1970-06-10332801970-005133-0view
Covenants1970-06-10332801970-005133-0view
Assessment History
YearLandImprovement ValueFull Value Total
2026$42,192.00$237,337.00$279,529.00
2025$42,192.00$228,089.00$270,281.00
2024$42,192.00$219,753.00$261,945.00
2023$42,192.00$219,824.00$262,016.00
2022$42,192.00$200,685.00$242,877.00
Exemptions
Tax YearExemption TypeExemption Amount
2026BOROUGH RESIDENTIAL EXEMPTION$50,000.00
2022SENIOR CITIZEN EXEMPTION$150,000.00
BOROUGH RESIDENTIAL EXEMPTION$50,000.00
2021SENIOR CITIZEN EXEMPTION$150,000.00
BOROUGH RESIDENTIAL EXEMPTION$50,000.00
Tax History
Tax Year
How Taxes are Calculated

In the Fairbanks North Star Borough, taxes are set by four different tax areas: the borough itself, the city of Fairbanks, the city of North Pole, and service areas. All properties will be taxed by the borough, but whether the other three apply depends on the property's location.

Service Areas

Some properties are within a fire and/or road service area. For more information on road service areas, see the Rural Services page on our website. For information on fire service areas, see this page.

Exemptions

When calculating taxes, tax areas are processed individually. Each area can choose what exemptions to allow, and apply special rules. For example, the Borough Residential Exemption normally exempts up to $50,000. But service areas limit that exemption to $10,000.

For technical reasons relating to the software that calculates the taxes, not all exemptions are shown here. In these cases, the exemption has already been applied, and the Full and True Value reflects the lowered amount.

Tax Authorities

Within a tax area, taxes are categorized by what they fund. We call these categories "Tax Authorities", and each one has a millage rate.

Millage Rate

The millage rate (or mill rate) is a standard way of expressing property taxes. 1 mill is equal to $1 in taxes per $1,000 in taxable assessed value. To convert to a percentage, divide the mill rate by 10. For example, a mill rate of 0.584 is 0.0584 percent.

Learn More

Contact the Treasury and Budget Division if you need more information. You can also view the full tax code online.