Cicero, New York Property Taxes
The median property tax rate in Cicero, NY is 3.50%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With a median home value of $191,860 in Cicero, the typical annual property tax bill amounts to $6,757, surpassing the national median of $2,690. Property taxes in Cicero are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cicero'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 Cicero 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
Cicero, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.5%
Estimate Property Tax Bill
$6,715
$6,639
Ownwell’s Cicero Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cicero with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cicero 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 Cicero, New York
Property taxes in Cicero, NY, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cicero is 3.50%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Cicero set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cicero 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 Cicero's effective property tax rate to other counties in New York and the national median. For comparison, the 13039 zip code has the highest median property tax rate of 3.50%, while the same zip code also has the lowest median tax rate of 3.50%. Understanding how these areas compare with Cicero provides valuable insights into the varying tax landscape across Onondaga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cicero Tax Rate
3.50%
Average Onondaga County Tax Rate
3.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cicero, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13039 | 3.27% | 3.41% | 3.50% | 3.61% | 3.70% |
Source: Ownwell
Property Tax Assessment Values Across Cicero, New York
In Cicero, 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 Onondaga County Assessment Department 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 Cicero, 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 Cicero helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Cicero is $6,757 in the 13039 zip code, while the lowest median tax bill is also $6,757 in the same zip code.
Average Cicero Assessed Value
$191,860
Average Onondaga County Assessed Value
$152,577
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cicero, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13039 | $122,093 | $154,651 | $191,860 | $249,390 | $302,326 |
Source: Ownwell
Property Tax Bills Across Cicero, New York
In Cicero, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's market value, size, location, and any improvements made to the property. Homeowners in Cicero typically face property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $5,478, while the 75th percentile tax bill can reach up to $8,521. At the higher end, the 90th percentile tax bill is approximately $10,259. Comparatively, the median property tax bill in Cicero's 13039 zip code stands at $6,757, which is notably higher than the national median property tax rate of 0.99%. These property tax bills can significantly impact homeowners, influencing their overall housing affordability and financial planning. High property taxes may deter potential buyers, while also affecting current residents' disposable income.
Average Cicero Tax Bill
$6,757
Average Onondaga County Tax Bill
$5,213
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Cicero, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13039 | $4,383 | $5,478 | $6,757 | $8,521 | $10,259 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Onondaga Assessment Review Commission | |
| Website | onondaga.go2gov.net |