Fishers Landing, New York Property Taxes
The median property tax rate in Fishers Landing, NY is 1.73%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Fishers Landing at $190,476, the typical annual property tax bill reaches $3,215, exceeding the national median of $2,690. Property taxes in Fishers Landing are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fishers Landing'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 Fishers Landing or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fishers Landing, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$3,295
$3,258
Ownwell’s Fishers Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fishers Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fishers Landing 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 Fishers Landing, New York
Property taxes in Fishers Landing, 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 Fishers Landing is 1.73%, significantly higher than both the New York state median of 1.38% and the U.S. national median of 0.99%. Local government entities within Fishers Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishers Landing 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 Fishers Landing's effective property tax rate to other counties in New York and the national median. For comparison, the 13641 zip code has the highest median property tax rate of 1.73%, while the same 13641 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Fishers Landing 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 Fishers Landing Tax Rate
1.73%
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 Fishers Landing, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13641 | 1.71% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Fishers Landing, New York
In Fishers Landing, 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 Fishers Landing, 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. The zip code with the highest median tax bill is 13641, with a tax bill of $3,215. Being aware of these valuation processes in Fishers Landing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fishers Landing, New York
Source: Ownwell
$31,915
$230,779
$429,643
Average Fishers Landing Assessed Value
$190,476
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 Fishers Landing, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13641 | $52,489 | $97,872 | $190,476 | $273,404 | $402,279 |
Source: Ownwell
Property Tax Bills Across Fishers Landing, New York
In Fishers Landing, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Fishers Landing, located in Jefferson County, experience property tax bills that vary significantly. The 25th percentile tax bill is $1,693, while the 75th percentile reaches $4,631, and the 90th percentile can be as high as $7,004. The highest median tax bill in the area is $3,215, found in the zip code 13641. These tax rates can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Fishers Landing Tax Bill
$3,215
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 Fishers Landing, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13641 | $908 | $1,693 | $3,215 | $4,631 | $7,004 |
Source: Ownwell