Calcium, New York Property Taxes
The median property tax rate in Calcium, NY is 1.53%, 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 Calcium, the typical annual property tax bill reaches $2,051, exceeding the national median of $2,690. Property taxes in Calcium 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 Calcium'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 Calcium 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
Calcium, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,081
$2,057
Ownwell’s Calcium Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Calcium, NY, with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Calcium to project your property tax bill. This insightful tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Jefferson County, is the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Calcium, New York
Property taxes in Calcium, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Calcium is 1.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Calcium set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calcium 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 Calcium's effective property tax rate to other counties in New York and the national median. For comparison, the 13616 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Calcium 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 Calcium Tax Rate
1.53%
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 Calcium, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13616 | 1.24% | 1.36% | 1.53% | 1.90% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Calcium, New York
In Calcium, 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 Calcium, 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. In Calcium, the median home price is $136,000, with tax bills ranging from $1,544 at the 25th percentile to $3,561 at the 90th percentile. The zip code with the highest and lowest median tax bill is 13616, with a value of $2,051. 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 Calcium helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Calcium Assessed Value
$136,000
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 Calcium, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13616 | $56,638 | $99,160 | $136,000 | $181,150 | $229,557 |
Source: Ownwell
Property Tax Bills Across Calcium, New York
Property tax bills in Calcium, located in Jefferson County, NY, are calculated based on the assessed value of a property 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. Once the assessed value is established, it is multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. For homeowners in Calcium, the median home price is $136,000. The tax bill varies significantly across different percentiles. At the 25th percentile, homeowners can expect to pay around $1,544 annually, while those at the 75th percentile see bills of approximately $2,786. The tax burden can be even higher, reaching up to $3,561 at the 90th percentile. These figures illustrate how property tax can impact homeowners differently, depending on the value of their property. Comparatively, the national median property tax rate is 0.99%, making Calcium’s tax rates a crucial factor for potential homeowners to consider.
Average Calcium Tax Bill
$2,051
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 Calcium, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13616 | $1,002 | $1,544 | $2,051 | $2,786 | $3,561 |
Source: Ownwell