Saint Regis Falls, New York Property Taxes
The median property tax rate in Saint Regis Falls, NY is 2.96%, 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 Saint Regis Falls at $42,262, the typical annual property tax bill reaches $1,268, which, while lower than the national median of $2,690, can still be a significant burden. Property taxes in Saint Regis Falls 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 Saint Regis Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Regis Falls 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
Saint Regis Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.96%
Estimate Property Tax Bill
$1,251
$1,237
Ownwell’s Saint Regis Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Regis Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Regis Falls to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Saint Regis Falls, New York
Property taxes in Saint Regis Falls, 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 Saint Regis Falls is 2.96%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Saint Regis Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Regis Falls 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 Saint Regis Falls' effective property tax rate to other counties in New York and the national median. For comparison, the 12980 zip code has the highest median property tax rate of 2.96%, while the lowest median tax rate is also 2.96% in the same zip code. Understanding how these areas compare with Saint Regis Falls provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Regis Falls Tax Rate
2.96%
Average Franklin County Tax Rate
2.45%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Regis Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12980 | 2.78% | 2.96% | 2.96% | 2.96% | 3.39% |
Source: Ownwell
Property Tax Assessment Values Across Saint Regis Falls, New York
In Saint Regis Falls, 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 Franklin County Assessor 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 Saint Regis Falls, 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 Saint Regis Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12980 has both the highest and lowest median tax bill at $1268, highlighting the uniformity in tax assessments within the area.
Property Tax Assessment Values Across Saint Regis Falls, New York
Source: Ownwell
$42,262
$281,378
$520,494
Average Saint Regis Falls Assessed Value
$42,262
Average Franklin County Assessed Value
$100,730
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Regis Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12980 | $9,848 | $19,494 | $42,262 | $76,708 | $123,848 |
Source: Ownwell
Property Tax Bills Across Saint Regis Falls, New York
In Saint Regis Falls, located in Franklin County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Homeowners in this area experience a range of tax bills, with the 25th percentile at $577 and the 75th percentile reaching $2,298. For those at the 90th percentile, the tax bill can climb to $3,626. The median home price in Saint Regis Falls is $42,262, and the local property tax rate is a significant factor in determining the final bill. Compared to the national median property tax rate of 0.99%, homeowners in this region may find their tax bills to be higher or lower depending on their property's assessed value and specific local rates. The highest and lowest median tax bills in the area both stand at $1,268, illustrating some level of uniformity in tax assessments. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial obligations.
Average Saint Regis Falls Tax Bill
$1,268
Average Franklin County Tax Bill
$2,460
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Regis Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12980 | $288 | $577 | $1,268 | $2,298 | $3,626 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Franklin Assessment Review Commission | |
| Website | maps.dancgis.org |