Lacona, New York Property Taxes
The median property tax rate in Lacona, NY is 2.04%, 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 Lacona at $108,023, the typical annual property tax bill reaches $2,200, which is below the national median of $2,690. Property taxes in Lacona 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 Lacona'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 Lacona 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
Lacona, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$2,204
$2,179
Ownwell’s LACONA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LACONA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LACONA 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 Lacona, New York
Property taxes in Lacona, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lacona is 2.04%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Lacona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lacona 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 Lacona's effective property tax rate to other counties in New York and the national median. For comparison, the 13083 zip code has the highest median property tax rate of 2.04%, while the same zip code also has the lowest median tax rate of 2.04%. Understanding how these cities compare with Lacona 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 Lacona Tax Rate
2.04%
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 Lacona, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13083 | 1.96% | 2.04% | 2.04% | 2.04% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Lacona, New York
In Lacona, 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. In Lacona, 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 Lacona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Lacona is 13083, with a median tax bill of $2200.
Average Lacona Assessed Value
$108,023
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 Lacona, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13083 | $42,233 | $52,791 | $108,023 | $203,605 | $258,651 |
Source: Ownwell
Property Tax Bills Across Lacona, New York
In Lacona, located in Jefferson County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Lacona, the median home price is $108,023, which serves as a baseline for tax calculations. Several factors influence the property tax bill, including property characteristics, neighborhood, and market conditions. Homeowners in the 25th percentile can expect a tax bill around $1,075, while those in the 75th percentile might see bills as high as $4,147. At the 90th percentile, taxes can reach up to $5,268. These tax rates can significantly impact homeowners, influencing decisions on property purchases and long-term financial planning. Compared to the national median property tax rate of 0.99%, Lacona's property tax rates can be considered relatively higher, reflecting the specific local valuation and budgetary needs.
Average Lacona Tax Bill
$2,200
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 Lacona, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13083 | $860 | $1,075 | $2,200 | $4,147 | $5,268 |
Source: Ownwell