Nicholville, New York Property Taxes
The median property tax rate in Nicholville, NY is 3.21%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Nicholville at $66,922, the typical annual property tax bill reaches $2,025, which is below the national median of $2,690. Property taxes in Nicholville 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 Nicholville'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 Nicholville 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
Nicholville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$2,148
$2,124
Ownwell’s Nicholville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nicholville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nicholville 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 Nicholville, New York
Property taxes in Nicholville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nicholville is 3.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within Nicholville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nicholville 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 Nicholville's effective property tax rate to other counties in New York and the national median. For comparison, the 12965 zip code has the highest median property tax rate of 3.21%, while the 12965 zip code has the lowest median tax rate of 3.21%. Understanding how these cities compare with Nicholville 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 Nicholville Tax Rate
3.21%
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 Nicholville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12965 | 2.93% | 2.93% | 3.21% | 3.26% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across Nicholville, New York
In Nicholville, NY, 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 Nicholville, 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 Nicholville is $66,922, with tax bills ranging from $1,304 at the 25th percentile to $3,733 at the 90th percentile. The highest and lowest median tax bills are both $2,025 in the zip code 12965. 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 Nicholville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nicholville Assessed Value
$66,922
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 Nicholville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12965 | $19,334 | $41,022 | $66,922 | $90,296 | $125,291 |
Source: Ownwell
Property Tax Bills Across Nicholville, New York
In Nicholville, St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Nicholville is $66,922, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property improvements, neighborhood values, and local budget requirements influence the assessed value. Homeowners in Nicholville can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,304, while the 75th percentile tax bill reaches $2,718, and the 90th percentile tax bill climbs to $3,733. This range reflects differences in property values and assessment accuracy. Compared to the national median property tax rate of 0.99%, Nicholville's tax bills indicate a higher local tax burden, impacting homeowners' annual financial planning. The highest and lowest median tax bills in Nicholville are both $2,025, suggesting some uniformity in tax assessments within specific areas.
Average Nicholville Tax Bill
$2,025
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 Nicholville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12965 | $598 | $1,304 | $2,025 | $2,718 | $3,733 |
Source: Ownwell