Star Lake, New York Property Taxes
The median property tax rate in Star Lake, NY is 3.01%, 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 Star Lake at $59,000, the typical annual property tax bill reaches $1,906, exceeding the national median of $2,690. Property taxes in Star Lake 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 Star Lake'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 Star Lake 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
Star Lake, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.01%
Estimate Property Tax Bill
$1,776
$1,756
Ownwell’s STAR LAKE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR LAKE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR LAKE 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 Star Lake, New York
Property taxes in Star Lake, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star Lake is 3.01%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Star Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star Lake 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 Star Lake's effective property tax rate to other counties in New York and the national median. For comparison, the 13690 zip code has the highest median property tax rate of 3.01%, while the same zip code also has the lowest median tax rate of 3.01%. Understanding how these cities compare with Star Lake 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 Star Lake Tax Rate
3.01%
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 Star Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13690 | 2.50% | 2.71% | 3.01% | 3.68% | 4.50% |
Source: Ownwell
Property Tax Assessment Values Across Star Lake, New York
In Star Lake, 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 local 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 Star Lake, 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 Star Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,906, found in the 13690 zip code.
Average Star Lake Assessed Value
$59,000
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 Star Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13690 | $16,444 | $36,471 | $59,000 | $134,100 | $201,230 |
Source: Ownwell
Property Tax Bills Across Star Lake, New York
In Star Lake, located in St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a home rather than its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $59,000, the tax burden can vary significantly. Homeowners in the 25th percentile pay around $1,329 annually, while those in the 75th percentile face a tax bill of approximately $3,635. At the 90th percentile, the tax bill can soar to $5,517. Several factors influence these calculations, including property size, location, and any applicable exemptions or deductions. High property taxes can impact homeowners by increasing their overall cost of living and potentially affecting property values. Compared to the national median property tax rate of 0.99%, the rates in Star Lake can be quite burdensome, reflecting the region's higher-than-average property tax obligations. Understanding these factors helps homeowners plan and manage their finances more effectively.
Average Star Lake Tax Bill
$1,906
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 Star Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13690 | $632 | $1,329 | $1,906 | $3,635 | $5,517 |
Source: Ownwell