Tupper Lake, New York Property Taxes
The median property tax rate in Tupper Lake, NY is 2.33%, 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 Tupper Lake at $182,802, the typical annual property tax bill reaches $4,246, exceeding the national median of $2,690. Property taxes in Tupper 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 Tupper 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 Tupper Lake 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
Tupper Lake, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$4,259
$4,211
Ownwell’s Tupper Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tupper Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tupper 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 Tupper Lake, New York
Property taxes in Tupper Lake, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tupper Lake is 2.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Tupper Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tupper 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 Tupper Lake's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12986 has both the highest and lowest median property tax rate of 2.33%. Understanding how these areas compare with Tupper 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 Tupper Lake Tax Rate
2.33%
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 Tupper Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12986 | 2.33% | 2.33% | 2.33% | 2.33% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Tupper Lake, New York
In Tupper 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 Tupper 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 Tupper Lake 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 12986, with a median bill of $4,246.
Average Tupper Lake Assessed Value
$182,802
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 Tupper Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12986 | $31,396 | $84,560 | $182,802 | $294,698 | $536,428 |
Source: Ownwell
Property Tax Bills Across Tupper Lake, New York
Property tax bills in Tupper Lake, located in St. Lawrence County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and is intended to reflect the market value of the home. For instance, the median home price in Tupper Lake is $182,802. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in Tupper Lake can expect varying tax bills depending on these factors. For example, the tax bill at the 25th percentile is $1,940, while at the 75th percentile, it reaches $6,881. At the 90th percentile, homeowners might see a tax bill as high as $12,524. These property taxes significantly impact homeowners, as they must budget for these annual expenses, which can vary widely. Comparing this to the national median property tax rate of 0.99%, Tupper Lake's tax rates can be seen as relatively high, reflecting the local economic conditions and public service funding requirements.
Average Tupper Lake Tax Bill
$4,246
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 Tupper Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12986 | $814 | $1,940 | $4,246 | $6,881 | $12,524 |
Source: Ownwell