Hannawa Falls, New York Property Taxes
The median property tax rate in Hannawa Falls, NY is 3.60%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $119,748 in Hannawa Falls, the typical annual property tax bill reaches $4,254, far exceeding the national median of $2,690. Property taxes in Hannawa Falls are calculated based on the assessed value, which is often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Hannawa Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hannawa Falls or another part of St. Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hannawa Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.6%
Estimate Property Tax Bill
$4,311
$4,262
Ownwell’s Hannawa Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hannawa Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hannawa Falls 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 St. Lawrence County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hannawa Falls, New York
Property taxes in Hannawa Falls, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hannawa Falls is 3.60%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hannawa Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hannawa Falls 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 Hannawa Falls' effective property tax rate to other areas in New York and the national median. For comparison, the 13647 zip code has the highest median property tax rate of 3.60%, while it also has the lowest median tax rate of 3.60%. Understanding how these areas compare with Hannawa Falls provides valuable insights into the varying tax landscape across St. Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hannawa Falls Tax Rate
3.60%
Average St. Lawrence County Tax Rate
3.02%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hannawa Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13647 | 3.35% | 3.60% | 3.60% | 3.60% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Hannawa Falls, New York
In Hannawa Falls, 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 St. Lawrence 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 Hannawa Falls, 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 Hannawa Falls is $119,748, with tax bills ranging from $2,935 at the 25th percentile to $7,069 at the 90th percentile. 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 Hannawa Falls 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 is 13647, with a value of $4,254.
Average Hannawa Falls Assessed Value
$119,748
Average St. Lawrence County Assessed Value
$83,455
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hannawa Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13647 | $67,346 | $81,761 | $119,748 | $177,044 | $203,195 |
Source: Ownwell
Property Tax Bills Across Hannawa Falls, New York
In Hannawa Falls, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence this calculation, including the property's market value, location, and any applicable exemptions or deductions. For homeowners in Hannawa Falls, the tax burden can vary significantly. The 25th percentile tax bill in the area is $2,935, while those in the 75th percentile pay around $5,942. The top 10% of property tax bills can reach up to $7,069. These figures highlight the range of tax liabilities homeowners may face, influenced by property values and local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Hannawa Falls might experience higher tax obligations, reflecting the region's specific economic and property market conditions. This variability underscores the importance of understanding how property taxes are calculated and their impact on household finances.
Average Hannawa Falls Tax Bill
$4,254
Average St. Lawrence County Tax Bill
$2,611
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Hannawa Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13647 | $2,324 | $2,935 | $4,254 | $5,942 | $7,069 |
Source: Ownwell