Hailesboro, New York Property Taxes
The median property tax rate in Hailesboro, NY is 2.41%, 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 Hailesboro at $68,421, the typical annual property tax bill reaches $1,650, which is lower than the national median of $2,690. Property taxes in Hailesboro 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 Hailesboro'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 Hailesboro 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
Hailesboro, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$1,649
$1,630
Ownwell’s Hailesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hailesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hailesboro 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 Hailesboro, New York
Property taxes in Hailesboro, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hailesboro is 2.41%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hailesboro set these rates annually, and they can vary across different neighborhoods. Each year, Hailesboro 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 Hailesboro's effective property tax rate to other counties in New York and the national median. For comparison, the 13645 zip code has the highest median property tax rate of 2.41%, while also being the lowest median tax rate at 2.41%. Understanding how these cities compare with Hailesboro provides valuable insights into the varying tax landscape across St. Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hailesboro Tax Rate
2.41%
Average St. Lawrence County Tax Rate
3.02%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hailesboro, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13645 | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Hailesboro, New York
In Hailesboro, 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 St. Lawrence 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 Hailesboro, 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 Hailesboro 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 $1,650 in the 13645 zip code, which is also the lowest median tax bill, making it essential for residents to stay informed.
Average Hailesboro Assessed Value
$68,421
Average St. Lawrence County Assessed Value
$83,455
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hailesboro, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13645 | $38,947 | $50,000 | $68,421 | $73,684 | $76,842 |
Source: Ownwell
Property Tax Bills Across Hailesboro, New York
In Hailesboro, located in St. Lawrence County, NY, property tax bills are calculated based on several key factors. The primary determinant is the assessed value of the property, which is derived from the market value. For instance, with a median home price of $68,421, the assessed value plays a crucial role in determining the final tax bill. The tax rate is then applied to this assessed value to calculate the amount owed by homeowners. The tax bills in Hailesboro show a significant range, reflecting the diversity in property values and assessments. At the 25th percentile, tax bills are around $1,206, while at the 75th percentile, they rise to $1,777. The 90th percentile tax bill reaches up to $1,853. These figures illustrate how property taxes can vary widely within the same area, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax rate of 0.99%, Hailesboro's rates indicate a considerable variance, which can influence homeowners' financial planning and overall cost of living.
Average Hailesboro Tax Bill
$1,650
Average St. Lawrence County Tax Bill
$2,611
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Hailesboro, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13645 | $939 | $1,206 | $1,650 | $1,777 | $1,853 |
Source: Ownwell