The tower is about 30 meters high and made of bricks. It is shaped roughly like a parabola. The tower’s pedestal is 0.7 meters high and is shaped like a square cylinder. It has nine-storied octagonal tower eaves, and each floor has an arched niche for the Buddha. The south side of the tower body has a ventricle, which goes to the second floor.

Legend has it that in ancient times there was a flood dragon unscrupulously making trouble for humankind. So a goddess was sent from above. She chained the dragon up in shackles, dug a deep well and sealed it in with a boulder at the top. The Faxing Pagoda was built upon the boulder so the dragon could never come out again.

In 2006, the State Cultural Relic Bureau admitted the Faxingsi Pagoda into the sixth batch of State Protected Historic Sites.