Tax Foreclosure

**IMPORTANT NOTICE TO PROPERTY OWNERS** 

**PROPERTY TAX FORECLOSURE** 

This office will begin foreclosure proceedings for delinquent 2019 and prior year’s real property taxes. 

Alaska Statute requires that notification be given to all holders of mortgages or other liens of record of this impending foreclosure.  To accomplish this task, we will be ordering a litigation report for each property remaining on the foreclosure list.  The litigation reports will be used to notify all lien holders and creditors of record.  At the close of business (5:00 p.m.) on November 8, 2021, an additional charge for a litigation report and administrative fee, for which you are liable, will be added to your 2019 taxes or prior year’s taxes.  The taxpayer is liable for these costs associated with foreclosure in addition to the taxes, penalties, and interest currently due on each parcel. 

At 5:00 p.m. on Monday, November 8, 2021, a charge of $590.00* will be added to the amount previously due. 

*Subject to change depending on actual cost of litigation reports.

This charge is a flat fee per parcel.  This charge includes the cost of acquiring litigation reports and setting up foreclosure accounts and files for each property.  As we progress through the legally required foreclosure process, additional costs will be incurred which will be added to the amount currently owing.  Payment of the delinquent taxes prior to 5:00 p.m. on Monday, November 8, 2021, will result in considerable savings to you. Additional fees to be added if the taxes are not paid are as follows: 

At the close of business 5:00 p.m.

Fee will be added:Purpose of Fee Assessment:
Friday, February 4, 2022$900.00Property owner & Lienholder/EOR Notification
Friday, March 11, 2022$500.00Admin/Property Site Inspection
Friday, April 22, 2022$1,700.00Tax Deed


2018 Tax Foreclosure Sale Information

The Fairbanks North Star Borough completed the 2021 Annual Tax Foreclosure Sale on August 25, 2021.  Properties were sold by sealed bid only. 

 PDF EXCESS FUNDS REPORT

General Tax Foreclosure Sale Information

For general information regarding the tax foreclosure property sale process and procedures, view the Tax Facts (PDF), visit the Treasury-Budget Division located at the FNSB Administrative Office at 907 Terminal Street in Fairbanks, Alaska, or call 907-459-1238. Due to limited staff in tax foreclosure, please see the hours that tax foreclosure staff will be available to answer questions and accept completed sealed bid packets.

How to Submit a Bid

Special Power of Attorney