Black River, New York Property Taxes
The median property tax rate in Black River, NY is 2.09%, 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 Black River at $163,010, the typical annual property tax bill reaches $3,385, exceeding the national median of $2,690. Property taxes in Black River 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 Black River'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 Black River 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
Black River, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$3,407
$3,368
Ownwell’s Black River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Black River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Black River 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 Black River, New York
Property taxes in Black River, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Black River is 2.09%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Black River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black River 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 Black River's effective property tax rate to other counties in New York and the national median. For comparison, the 13612 zip code has the highest median property tax rate of 2.09%, while the 13612 zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Black River 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 Black River Tax Rate
2.09%
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 Black River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13612 | 1.83% | 1.92% | 2.09% | 2.19% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Black River, New York
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Black River, NY. 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 Black River, 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. Notably, the zip code 13612 has both the highest and lowest median tax bill at $3,385. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Black River Assessed Value
$163,010
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 Black River, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13612 | $77,750 | $119,010 | $163,010 | $213,240 | $269,620 |
Source: Ownwell
Property Tax Bills Across Black River, New York
In Black River, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the tax rate set by Jefferson County to determine the annual tax bill. For instance, with a median home price of $163,010, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and improvements can influence the assessed value. For example, the 25th percentile tax bill is $2,472, while the 75th percentile tax bill reaches $4,314, and the 90th percentile tax bill can be as high as $5,297. Homeowners in the 13612 ZIP code, which reflects the highest and lowest median tax bill of $3,385, may find their bills significantly impacted by these assessments. Compared to the national median property tax rate of 0.99%, Black River homeowners often face higher tax rates, which can affect their overall housing costs and financial planning.
Average Black River Tax Bill
$3,385
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 Black River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13612 | $1,623 | $2,472 | $3,385 | $4,314 | $5,297 |
Source: Ownwell