Henderson Harbor, New York Property Taxes
The median property tax rate in Henderson Harbor, NY is 1.74%, 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 Henderson Harbor at $258,214, the typical annual property tax bill reaches $4,472, exceeding the national median of $2,690. Property taxes in Henderson Harbor 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 Henderson Harbor'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 Henderson Harbor 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
Henderson Harbor, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$4,493
$4,442
Ownwell’s Henderson Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson Harbor 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 Henderson Harbor, New York
Property taxes in Henderson Harbor, 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 Henderson Harbor is 1.74%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Henderson Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson Harbor 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 Henderson Harbor's effective property tax rate to other counties in New York and the national median. For comparison, the 13651 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Henderson Harbor 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 Henderson Harbor Tax Rate
1.74%
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 Henderson Harbor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13651 | 1.73% | 1.74% | 1.74% | 1.74% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Henderson Harbor, New York
In Henderson Harbor, 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 Assessor 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 Henderson Harbor, 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. For instance, the highest median tax bill in the area is $4,472, which is significantly above the national median property tax rate of 0.99%. Being aware of these valuation processes in Henderson Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Henderson Harbor, New York
Source: Ownwell
$31,915
$230,779
$429,643
Average Henderson Harbor Assessed Value
$258,214
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 Henderson Harbor, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13651 | $100,233 | $174,909 | $258,214 | $353,358 | $503,872 |
Source: Ownwell
Property Tax Bills Across Henderson Harbor, New York
Property tax bills in Henderson Harbor, 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 reflects a percentage of the property's market value. Homeowners in Henderson Harbor experience a range of tax bills, with the 25th percentile paying around $3,001, while those in the 75th percentile see bills as high as $6,217. The top 10% of homeowners face even steeper bills, averaging $8,766. These tax bills are influenced by several factors, including property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, Henderson Harbor's tax rates can significantly impact homeowners' finances. For example, the highest median tax bill in the area is $4,472, which is considerably higher than the national average. This system ensures that property taxes are distributed relative to property values, affecting homeowners differently based on their property's assessed value.
Average Henderson Harbor Tax Bill
$4,472
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 Henderson Harbor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13651 | $1,756 | $3,001 | $4,472 | $6,217 | $8,766 |
Source: Ownwell