Gouverneur, New York Property Taxes
The median property tax rate in Gouverneur, NY is 2.49%, 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 Gouverneur at $110,588, the typical annual property tax bill reaches $2,480, which is just below the national median of $2,690. Property taxes in Gouverneur 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 Gouverneur'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 Gouverneur 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
Gouverneur, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$2,754
$2,723
Ownwell’s Gouverneur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gouverneur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gouverneur 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 Gouverneur, New York
Property taxes in Gouverneur, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gouverneur is 2.49%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Gouverneur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gouverneur 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 Gouverneur's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13642 has both the highest and lowest median property tax rate of 2.49%. Understanding how these rates compare with Gouverneur 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 Gouverneur Tax Rate
2.49%
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 Gouverneur, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13642 | 1.60% | 1.86% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Gouverneur, New York
In Gouverneur, 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 Gouverneur, 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 Gouverneur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2480.00 in the 13642 zip code, while the lowest median tax bill is also $2480.00 in the same zip code.
Average Gouverneur Assessed Value
$110,588
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 Gouverneur, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13642 | $26,906 | $51,941 | $110,588 | $139,706 | $168,835 |
Source: Ownwell
Property Tax Bills Across Gouverneur, New York
In Gouverneur, located in Jefferson County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Gouverneur is $110,588. Homeowners in the area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $822, while at the 75th percentile, it rises to $3,116. At the 90th percentile, homeowners might see tax bills as high as $3,679. Several factors influence these tax bills, including the property's assessed value, which is determined by the local assessor, and the tax rate set by the local government. These rates are used to fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Gouverneur may find their rates to be higher or lower depending on their specific circumstances, impacting their overall financial planning and homeownership costs.
Average Gouverneur Tax Bill
$2,480
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 Gouverneur, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13642 | $642 | $822 | $2,480 | $3,116 | $3,679 |
Source: Ownwell