Jordan, New York Property Taxes
The median property tax rate in Jordan, NY is 3.02%, 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 Jordan, the typical annual property tax bill reaches $4,445, exceeding the national median of $2,690. Property taxes in Jordan 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 Jordan'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 Jordan 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
Jordan, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.02%
Estimate Property Tax Bill
$4,242
$4,194
Ownwell’s Jordan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jordan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jordan 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 Jordan, New York
Property taxes in Jordan, New York, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Jordan is 3.02%, significantly higher than the New York state median and the U.S. national median of 0.99%. Local government entities within Jordan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jordan 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 Jordan's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13080 has the highest median property tax rate of 3.02%, while the same zip code also has the lowest median tax rate of 3.02%. Understanding how these areas compare with Jordan provides valuable insights into the varying tax landscape across Onondaga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jordan Tax Rate
3.02%
Average Onondaga County Tax Rate
3.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jordan, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13080 | 2.90% | 3.01% | 3.02% | 3.52% | 3.52% |
Source: Ownwell
Property Tax Assessment Values Across Jordan, New York
In Jordan, 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 Onondaga 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 Jordan, 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 Jordan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $4,445 in the 13080 zip code.
Average Jordan Assessed Value
$140,471
Average Onondaga County Assessed Value
$152,577
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jordan, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13080 | $77,647 | $104,236 | $140,471 | $186,470 | $237,977 |
Source: Ownwell
Property Tax Bills Across Jordan, New York
In Jordan, Onondaga County, NY, 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. Homeowners in Jordan can expect a median home price of $140,471, with tax bills varying significantly. For instance, the 25th percentile tax bill is around $3,351, while the 75th percentile reaches $5,851, and the 90th percentile can go up to $7,359. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. These taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Jordan's rates can be quite impactful on homeowners, potentially affecting their overall cost of living and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Jordan Tax Bill
$4,445
Average Onondaga County Tax Bill
$5,213
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Jordan, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13080 | $2,487 | $3,351 | $4,445 | $5,851 | $7,359 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Onondaga Assessment Review Commission | |
| Website | onondaga.go2gov.net |