Oswegatchie, New York Property Taxes
The median property tax rate in Oswegatchie, NY is 2.40%, 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 Oswegatchie at $49,450, the typical annual property tax bill reaches $1,175, exceeding the national median of $2,690. Property taxes in Oswegatchie 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 Oswegatchie'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 Oswegatchie 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
Oswegatchie, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$1,187
$1,173
Ownwell’s Oswegatchie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oswegatchie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oswegatchie 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 Oswegatchie, New York
Property taxes in Oswegatchie, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oswegatchie is 2.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Oswegatchie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oswegatchie 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 Oswegatchie's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13670 has the highest median property tax rate of 2.40%, while the same zip code also has the lowest median tax rate of 2.40%. Understanding how these cities compare with Oswegatchie 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 Oswegatchie Tax Rate
2.40%
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 Oswegatchie, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13670 | 2.22% | 2.40% | 2.40% | 2.40% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Oswegatchie, New York
In Oswegatchie, 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 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 Oswegatchie, 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 Oswegatchie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13670, with a value of $1,175.
Average Oswegatchie Assessed Value
$49,450
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 Oswegatchie, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13670 | $13,750 | $25,675 | $49,450 | $85,625 | $120,500 |
Source: Ownwell
Property Tax Bills Across Oswegatchie, New York
In Oswegatchie, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate set by the county, school district, and other municipal entities. Homeowners in Oswegatchie, part of St. Lawrence County, experience a range of property tax bills depending on their property's assessed value. For example, the 25th percentile tax bill is $648, while the 75th percentile reaches $2,034, and the 90th percentile hits $3,016. These figures highlight the variability in tax burdens among residents. The median home price in Oswegatchie is $49,450, which, when compared to the national median property tax rate of 0.99%, suggests that local tax rates and assessed values significantly impact the final tax bill. Homeowners should be aware of these factors, as they directly affect their annual financial obligations and the overall affordability of owning property in the area.
Average Oswegatchie Tax Bill
$1,175
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 Oswegatchie, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13670 | $335 | $648 | $1,175 | $2,034 | $3,016 |
Source: Ownwell