Adams, New York Property Taxes
The median property tax rate in Adams, NY is 2.12%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Adams at $134,737, the typical annual property tax bill reaches $3,027, surpassing the national median of $2,690. Property taxes in Adams 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 Adams' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Adams 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
Adams, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$2,856
$2,824
Ownwell’s Adams Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adams with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adams 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 Adams, New York
Property taxes in Adams, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams is 2.12%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Adams set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams 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 Adams' effective property tax rate to other counties in New York and the national median. For comparison, the 13605 zip code has the highest median property tax rate of 2.12%, while the lowest median tax rate is also 2.12% in the same zip code. Understanding how these cities compare with Adams provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Tax Rate
2.12%
Average Jefferson County Tax Rate
1.81%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13605 | 1.74% | 1.85% | 2.12% | 2.67% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Adams, New York
In Adams, 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 Jefferson County Appraisal District 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 Adams, 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 Adams helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13605 at $3,027, while the same zip code also records the lowest median tax bill at $3,027.
Average Adams Assessed Value
$134,737
Average Jefferson County Assessed Value
$134,468
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13605 | $50,000 | $88,778 | $134,737 | $195,016 | $276,196 |
Source: Ownwell
Property Tax Bills Across Adams, New York
In Adams, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Adams is $134,737, and the median property tax rate in Jefferson County is above the national median of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homeowners in the 25th percentile pay around $1,949 annually, while those in the 75th percentile face tax bills of approximately $4,281. The highest median tax bill in the area is $3,027, found in the 13605 zip code. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting homeowners by ensuring community amenities and services are adequately maintained.
Average Adams Tax Bill
$3,027
Average Jefferson County Tax Bill
$2,407
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13605 | $1,017 | $1,949 | $3,027 | $4,281 | $5,965 |
Source: Ownwell