Champlain, New York Property Taxes
The median property tax rate in Champlain, NY is 2.67%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Champlain, the typical annual property tax bill reaches $3,421, exceeding the national median of $2,690. Property taxes in Champlain are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Champlain's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Champlain or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Champlain, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.67%
Estimate Property Tax Bill
$3,407
$3,369
Ownwell’s Champlain Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Champlain. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Champlain to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular details, our trends page offers localized information down to the neighborhood level. Your property’s assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Champlain, New York
Property taxes in Champlain, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Champlain is 2.67%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Champlain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Champlain estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Champlain's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12919 has the highest median property tax rate of 2.67%, while the same zip code also has the lowest median tax rate of 2.67%. Understanding how these cities compare with Champlain provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Champlain Tax Rate
2.67%
Average Clinton County Tax Rate
2.57%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Champlain, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12919 | 2.55% | 2.67% | 2.67% | 3.03% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Champlain, New York
In Champlain, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clinton County Assessor's Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Champlain, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Champlain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Champlain are both $3,421, found in zip code 12919.
Average Champlain Assessed Value
$127,600
Average Clinton County Assessed Value
$146,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Champlain, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12919 | $45,000 | $79,000 | $127,600 | $172,800 | $239,320 |
Source: Ownwell
Property Tax Bills Across Champlain, New York
In Champlain, located in Clinton County, NY, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is based on the market value of the home, which in Champlain has a median home price of $127,600. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Champlain can expect a range of property tax bills. The 25th percentile tax bill is approximately $2,176, while the 75th percentile tax bill reaches around $4,751, and the 90th percentile tax bill can be as high as $6,406. These figures highlight the variability in tax bills depending on property value and other factors. Compared to the national median property tax rate of 0.99%, Champlain's property tax rates can significantly impact homeowners, making it crucial for them to understand how their tax bill is calculated.
Average Champlain Tax Bill
$3,421
Average Clinton County Tax Bill
$3,822
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Champlain, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12919 | $1,201 | $2,176 | $3,421 | $4,751 | $6,406 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Clinton Assessment Review Commission | |
| Website | clinco.maps.arcgis.com |