Hogansburg, New York Property Taxes
The median property tax rate in Hogansburg, NY is 1.65%, 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 Hogansburg at $76,278, the typical annual property tax bill reaches $1,314, which is below the national median of $2,690. Property taxes in Hogansburg 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 Hogansburg'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 Hogansburg 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
Hogansburg, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,259
$1,244
Ownwell’s Hogansburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hogansburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hogansburg 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 Hogansburg, New York
Property taxes in Hogansburg, 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 Hogansburg is 1.65%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hogansburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hogansburg 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 Hogansburg's effective property tax rate to other counties in New York and the national median. For comparison, the 13655 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these areas compare with Hogansburg 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 Hogansburg Tax Rate
1.65%
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 Hogansburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13655 | 1.59% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Hogansburg, New York
In Hogansburg, 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. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in zip code 13655 both stand at $1,314, reflecting the uniformity in tax assessments across the area.
Average Hogansburg Assessed Value
$76,278
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 Hogansburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13655 | $46,378 | $62,272 | $76,278 | $108,634 | $172,253 |
Source: Ownwell
Property Tax Bills Across Hogansburg, New York
Property tax bills in Hogansburg, located in Franklin County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, determined by the local assessor. This value is then multiplied by the tax rate to calculate the annual property tax bill. In Hogansburg, the median home price is $76,278. Homeowners in the 25th percentile can expect a tax bill around $1,055, while those in the 75th percentile may see bills closer to $1,785. For the top 10% of properties, tax bills can reach up to $2,840. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Hogansburg's tax bills reflect the local economic conditions and funding needs. This system ensures that homeowners contribute fairly to the community based on the value of their property.
Average Hogansburg Tax Bill
$1,314
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 Hogansburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13655 | $874 | $1,055 | $1,314 | $1,785 | $2,840 |
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 |