Adams Center, New York Property Taxes
The median property tax rate in Adams Center, NY is 2.15%, 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 Adams Center, the typical annual property tax bill reaches $3,110, exceeding the national median of $2,690. Property taxes in Adams Center 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 Adams Center'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 Adams Center or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adams Center, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$3,089
$3,054
Ownwell’s Adams Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adams Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adams Center 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 Adams Center, New York
Property taxes in Adams Center, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adams Center is 2.15%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Adams Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adams Center 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 Adams Center's effective property tax rate to other counties in New York and the national median. For comparison, the 13606 zip code has the highest median property tax rate of 2.15%, while the same zip code also records the lowest median tax rate of 2.15%. Understanding how these areas compare with Adams Center provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adams Center Tax Rate
2.15%
Average Jefferson County Tax Rate
1.81%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adams Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13606 | 1.94% | 2.15% | 2.15% | 2.24% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Adams Center, New York
In Adams Center, 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 Jefferson 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 in Adams Center 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 Adams Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,110 in the 13606 zip code.
Average Adams Center Assessed Value
$143,684
Average Jefferson County Assessed Value
$134,468
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adams Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13606 | $59,028 | $105,777 | $143,684 | $192,106 | $254,316 |
Source: Ownwell
Property Tax Bills Across Adams Center, New York
In Adams Center, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the property tax rate set by Jefferson County. For example, with a median home price of $143,684, homeowners can expect varying tax bills depending on their property's assessed value and specific exemptions they may qualify for. Factors such as property size, location, and improvements can influence the assessed value. In Adams Center, the property tax bill at the 25th percentile is $2,278, while at the 75th percentile, it rises to $4,102. The highest median tax bill in the 13606 zip code is $3,110. These figures show a range of what homeowners might pay, reflecting differences in property values and local tax rates. Compared to the national median property tax rate of 0.99%, property taxes in Adams Center can significantly impact homeowners' annual expenses, making it essential to understand how these taxes are calculated and what factors influence them.
Average Adams Center Tax Bill
$3,110
Average Jefferson County Tax Bill
$2,407
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Adams Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13606 | $1,264 | $2,278 | $3,110 | $4,102 | $5,336 |
Source: Ownwell