Deer River, New York Property Taxes
The median property tax rate in Deer River, NY is 2.01%, 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 Deer River, the typical annual property tax bill reaches $3,673, exceeding the national median of $2,690. Property taxes in Deer River 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 Deer River'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 Deer River 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
Deer River, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$4,046
$4,001
Ownwell’s Deer River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deer River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deer River 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 Deer River, New York
Property taxes in Deer River, New York, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Deer River is 2.01%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Deer River set these rates annually, and they can vary considerably across different neighborhoods. Each year, Deer River 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 Deer River's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13627 within Lewis County has the highest median property tax rate of 2.01%, which is also the lowest median tax rate in the area. Understanding how these cities compare with Deer River provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deer River Tax Rate
2.01%
Average Lewis County Tax Rate
2.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deer River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13627 | 1.82% | 1.83% | 2.01% | 2.17% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Deer River, New York
In Deer River, 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 Lewis County Assessment Office 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 Deer River, 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 Deer River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Deer River both stand at $3,673, specifically in the 13627 zip code.
Average Deer River Assessed Value
$201,300
Average Lewis County Assessed Value
$102,300
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deer River, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13627 | $144,360 | $170,100 | $201,300 | $221,325 | $226,950 |
Source: Ownwell
Property Tax Bills Across Deer River, New York
In Deer River, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, and the tax rate is applied to this value to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Deer River experience a range of property tax bills, with the 25th percentile at $3,197 and the 75th percentile at $4,259. The highest median tax bill in the area is $3,673, which is significantly higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual expenses, making it crucial for them to understand how their tax bills are calculated and what factors influence them. Accurate assessments and awareness of potential exemptions or appeals can help homeowners manage these costs effectively.
Average Deer River Tax Bill
$3,673
Average Lewis County Tax Bill
$2,429
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Deer River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13627 | $2,938 | $3,197 | $3,673 | $4,259 | $4,715 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Lewis Assessment Review Commission | |
| Website | lewiscountyny.gov |