<p>A previously derived photometric parallax of 10.10 &plusmn; 0.20 mas, d = 99 &plusmn; 2 pc, is confirmed for Polaris by a spectroscopic parallax derived using line ratios in high dispersion spectra for the Cepheid. The resulting estimates for the mean luminosity of &lang;M_V&rang; = &minus;3.07 &plusmn; 0.01 s.e., average effective temperature of &lang;T_eff&rang; = 6025 &plusmn; 1 K s.e., and intrinsic color of (&lang;B&rang; &minus; &lang;V&rang;)₀ = +0.56 &plusmn; 0.01 s.e., which match values obtained previously from the photometric parallax for a space reddening of E_B&minus;V = 0.02 &plusmn; 0.01, are consistent with fundamental mode pulsation for Polaris and a first crossing of the instability strip, as also argued by its rapid rate of period increase. The systematically smaller Hipparcos parallax for Polaris appears discrepant by comparison.</p>...