Raymondville, New York Property Taxes
The median property tax rate in Raymondville, NY is 3.53%, 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 Raymondville at $153,333, the typical annual property tax bill reaches $5,415, exceeding the national median of $2,690. Property taxes in Raymondville 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 Raymondville'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 Raymondville 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
Raymondville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.53%
Estimate Property Tax Bill
$5,413
$5,352
Ownwell’s Raymondville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Raymondville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Raymondville 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 Raymondville, New York
Property taxes in Raymondville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Raymondville is 3.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Raymondville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Raymondville 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. Understanding how Raymondville's effective property tax rate compares to other areas 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 Raymondville Tax Rate
3.53%
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 Raymondville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13678 | 3.53% | 3.53% | 3.53% | 3.53% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across Raymondville, New York
In Raymondville, 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 local authorities 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 Raymondville, 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 Raymondville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills, both $5,415, are found in the 13678 zip code, reflecting the uniformity in property tax assessments within the area.
Average Raymondville Assessed Value
$153,333
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 Raymondville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13678 | $153,333 | $153,333 | $153,333 | $153,333 | $153,333 |
Source: Ownwell
Property Tax Bills Across Raymondville, New York
In Raymondville, NY, property tax bills are primarily determined by the assessed value of a home and the local tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and home improvements can influence the assessed value. For homeowners in Raymondville, the median home price stands at $153,333. The property tax bill in this area remains consistent at $5,415, regardless of whether it falls within the 25th, 75th, or 90th percentile. This uniformity in tax bills indicates a stable taxation environment. Comparatively, Raymondville's property tax rate is significantly higher than the national median property tax rate of 0.99%. This can place a substantial financial burden on homeowners, potentially affecting their overall cost of living and long-term financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively and plan for future financial commitments.
Average Raymondville Tax Bill
$5,415
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 Raymondville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13678 | $5,415 | $5,415 | $5,415 | $5,415 | $5,415 |
Source: Ownwell