Sylvan Beach, New York Property Taxes
The median property tax rate in Sylvan Beach, NY is 3.40%, 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 Sylvan Beach at $117,021, the typical annual property tax bill reaches $3,595, exceeding the national median of $2,690. Property taxes in Sylvan Beach 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 Sylvan Beach'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 Sylvan Beach 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
Sylvan Beach, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.4%
Estimate Property Tax Bill
$3,979
$3,934
Ownwell’s Sylvan Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sylvan Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sylvan Beach 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 Sylvan Beach, New York
Property taxes in Sylvan Beach, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sylvan Beach is 3.40%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Sylvan Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sylvan Beach 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 Sylvan Beach's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13157 has the highest median property tax rate of 3.40%, while the same zip code also has the lowest median tax rate of 3.40%. Understanding how these cities compare with Sylvan Beach provides valuable insights into the varying tax landscape across Oneida County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sylvan Beach Tax Rate
3.40%
Average Oneida County Tax Rate
2.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sylvan Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13157 | 0.66% | 2.69% | 3.40% | 3.76% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Sylvan Beach, New York
In Sylvan Beach, 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 Oneida County Assessor's 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 Sylvan Beach, 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. The median home price in Sylvan Beach is $117,021. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median property tax bill ranges from $2,245 at the 25th percentile to $7,294 at the 90th percentile. The zip code 13157 has both the highest and lowest median tax bill at $3,595. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sylvan Beach Assessed Value
$117,021
Average Oneida County Assessed Value
$126,923
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sylvan Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13157 | $48,766 | $78,085 | $117,021 | $169,362 | $242,255 |
Source: Ownwell
Property Tax Bills Across Sylvan Beach, New York
Property tax bills in Sylvan Beach, located in Oneida County, NY, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, which is determined by the local assessor's office. This value is then multiplied by the local tax rate to calculate the annual tax bill. In Sylvan Beach, the median home price is $117,021. Homeowners in this area can expect a wide range of property tax bills. For example, the 25th percentile tax bill is $2,245, while the 75th percentile tax bill is significantly higher at $5,278. At the 90th percentile, tax bills can reach up to $7,294. These variations are influenced by factors such as property location, improvements, and market trends. Compared to the national median property tax rate of 0.99%, the property tax rates in Sylvan Beach reflect the local economic conditions and funding requirements for public services. For homeowners, understanding these factors is crucial for financial planning and property investment decisions.
Average Sylvan Beach Tax Bill
$3,595
Average Oneida County Tax Bill
$2,574
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Sylvan Beach, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13157 | $665 | $2,245 | $3,595 | $5,278 | $7,294 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oneida Assessment Review Commission | |
| Website | app.regrid.com |