West Stockholm, New York Property Taxes
The median property tax rate in West Stockholm, NY is 3.53%, 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 West Stockholm at $90,789, the typical annual property tax bill reaches $3,150, exceeding the national median of $2,690. Property taxes in West Stockholm 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 West Stockholm'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 West Stockholm 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
West Stockholm, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.53%
Estimate Property Tax Bill
$3,205
$3,169
Ownwell’s West Stockholm Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Stockholm with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Stockholm 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 West Stockholm, New York
Property taxes in West Stockholm, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Stockholm is 3.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within West Stockholm set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Stockholm 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 West Stockholm's effective property tax rate to other counties in New York and the national median. For comparison, the 13696 zip code has the highest median property tax rate of 3.53%, while the same zip code also has the lowest median tax rate of 3.53%. Understanding how these areas compare with West Stockholm 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 West Stockholm Tax Rate
3.53%
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 West Stockholm, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13696 | 3.41% | 3.44% | 3.53% | 3.53% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across West Stockholm, New York
In West Stockholm, 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 West Stockholm, 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 13696 has the highest and lowest median tax bills at $3,150. Being aware of these valuation processes in West Stockholm helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Stockholm, New York
Source: Ownwell
$27,044
$104,923
$182,802
Average West Stockholm Assessed Value
$90,789
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 West Stockholm, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13696 | $28,947 | $67,105 | $90,789 | $116,448 | $155,000 |
Source: Ownwell
Property Tax Bills Across West Stockholm, New York
Property tax bills in West Stockholm, located in St. Lawrence 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's office and reflects a percentage of the property's market value. Homeowners in West Stockholm see a range of property tax bills, with the 25th percentile at $2,369 and the 75th percentile at $3,990. The 90th percentile reaches as high as $5,387. The median home price in West Stockholm is $90,789, which plays a significant role in determining the tax bill. Compared to the national median property tax rate of 0.99%, the property tax rates in this area can lead to higher tax bills for homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average West Stockholm Tax Bill
$3,150
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 West Stockholm, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13696 | $1,011 | $2,369 | $3,150 | $3,990 | $5,387 |
Source: Ownwell