The polarization properties of low birefringent optical fiber due to intrinsie birefringence and magnetooptic effects are theoretically analyzed and experimented. The low birefringent fiber is fo¬und to have more excellent polarization maintaining properties than normal single mode optical fiber. As the experimental results, the polarizability of low birefringent optical fiber is measured over 0.818. The variation of output polarization angle with input polarization angle is measured within $9^{circ}$. Imple¬mented magnetic field measuring system using low birefringent optical fiber can linearly measure the magnetic field strength up to lOkAT generated by solenoid. The maximum error is 1.95% in the magnetic field strength of 4kAT.