Lyon Mountain, New York Property Taxes
The median property tax rate in Lyon Mountain, NY is 2.66%, 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 Lyon Mountain at $83,900, the typical annual property tax bill reaches $2,177, slightly below the national median of $2,690. Property taxes in Lyon Mountain 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 Lyon Mountain'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 Lyon Mountain 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
Lyon Mountain, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.66%
Estimate Property Tax Bill
$2,232
$2,207
Ownwell’s Lyon Mountain Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lyon Mountain with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Lyon Mountain to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Lyon Mountain, New York
Property taxes in Lyon Mountain, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyon Mountain is 2.66%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lyon Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyon Mountain 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 Lyon Mountain's effective property tax rate to other areas in Clinton County and the national median. For comparison, the 12952 zip code has the highest median property tax rate of 2.66%, while the 12955 zip code has the lowest median tax rate of 2.65%. Understanding how these areas compare with Lyon Mountain 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 Lyon Mountain Tax Rate
2.66%
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 Lyon Mountain, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12952 | 2.58% | 2.59% | 2.66% | 2.66% | 2.98% |
| 12955 | 2.27% | 2.65% | 2.65% | 2.67% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Lyon Mountain, New York
In Lyon Mountain, 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 Lyon Mountain, 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. The median home price in Lyon Mountain is $83,900. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the highest median tax bill in the area is $3,529 in the 12955 zip code, while the lowest is $1,468 in the 12952 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lyon Mountain Assessed Value
$83,900
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 Lyon Mountain, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12952 | $21,500 | $32,000 | $55,750 | $127,875 | $303,320 |
| 12955 | $43,520 | $76,400 | $138,000 | $203,750 | $268,680 |
Source: Ownwell
Property Tax Bills Across Lyon Mountain, New York
In Lyon Mountain, located in Clinton County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local taxing authorities. Factors such as property size, location, and improvements can influence the assessed value. For example, the median home price in Lyon Mountain is $83,900. Homeowners in Lyon Mountain experience a range of tax bills. The 25th percentile tax bill is $1,122, while the 75th percentile tax bill reaches $5,059, and the 90th percentile tax bill can be as high as $7,445. Comparatively, the national median property tax rate is 0.99%, highlighting the variability in tax burdens. This variability can significantly impact homeowners' finances, making it crucial for them to understand how their property taxes are calculated and what factors might influence their annual tax bill.
Average Lyon Mountain Tax Bill
$2,177
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 Lyon Mountain, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12952 | $613 | $863 | $1,468 | $3,440 | $7,876 |
| 12955 | $1,071 | $1,968 | $3,529 | $5,360 | $6,945 |
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 |