Au Sable Forks, New York Property Taxes
The median property tax rate in Au Sable Forks, NY is 1.71%, 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 Au Sable Forks at $219,000, the typical annual property tax bill reaches $3,737, exceeding the national median of $2,690. Property taxes in Au Sable Forks 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 Au Sable Forks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Au Sable Forks 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
Au Sable Forks, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$3,745
$3,703
Ownwell’s Au Sable Forks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Au Sable Forks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Au Sable Forks 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 Franklin County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Au Sable Forks, New York
Property taxes in Au Sable Forks, New York, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Au Sable Forks is 1.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Au Sable Forks set these rates annually, and they can vary across different neighborhoods. Each year, Au Sable Forks 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 Au Sable Forks' effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 12912 has both the highest and lowest median property tax rate of 1.71%. Understanding how these areas compare with Au Sable Forks provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Au Sable Forks Tax Rate
1.71%
Average Franklin County Tax Rate
2.45%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Au Sable Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12912 | 1.63% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Au Sable Forks, New York
In Au Sable Forks, 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 Franklin 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 Au Sable Forks, 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 Au Sable Forks 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 $3,737 in the 12912 zip code, reflecting the region's property tax landscape.
Property Tax Assessment Values Across Au Sable Forks, New York
Source: Ownwell
$42,262
$281,378
$520,494
Average Au Sable Forks Assessed Value
$219,000
Average Franklin County Assessed Value
$100,730
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Au Sable Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12912 | $83,975 | $147,438 | $219,000 | $283,312 | $350,000 |
Source: Ownwell
Property Tax Bills Across Au Sable Forks, New York
In Au Sable Forks, Franklin County, NY, property tax bills are calculated based on the assessed value of your property and the local tax rate. The assessed value is determined by the local assessor's office and is meant to reflect the market value of your home. Once the assessed value is established, it is multiplied by the local tax rate to determine your annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Au Sable Forks can expect a wide range of property tax bills. For example, the 25th percentile tax bill is around $2,360, while the 75th percentile tax bill is approximately $4,834. The highest tax bills, at the 90th percentile, can reach up to $5,972. These property tax bills can significantly impact homeowners, making it crucial to understand how they are calculated and what factors are considered. Compared to the national median property tax rate of 0.99%, the property taxes in Au Sable Forks may be higher, reflecting the local market conditions and municipal budget needs.
Average Au Sable Forks Tax Bill
$3,737
Average Franklin County Tax Bill
$2,460
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Au Sable Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12912 | $1,433 | $2,360 | $3,737 | $4,834 | $5,972 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Franklin Assessment Review Commission | |
| Website | maps.dancgis.org |