Marathon, Broome County, New York Property Taxes

Name: Property Tax Bills Across Marathon, Broome County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Marathon, NY effective property tax rate: 2.61%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Marathon, NY home value: $86,774
Median annual Marathon, NY tax bill: $2,270, $130 lower than the national median property tax bill of $2,400.

How are property taxes in Broome calculated?

Property taxes in Marathon, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Marathon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marathon, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Marathon, Broome County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.61%

Estimate Property Tax Bill

$2,265

$2,102

Ownwell’s Marathon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marathon with just two data points. By entering your property's estimated assessed value, our calculator applies Marathon’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value—determined by your county—reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Broome County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Marathon, Broome County, New York

Local government entities are responsible for setting property tax rates, and these can differ significantly within a state. This variability is due to the fact that each county annually estimates the budget it needs to provide essential services. The county then divides this budget by the total value of all taxable property within its jurisdiction, which determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the fundamental process followed each year.

In Marathon, located in Broome County, NY, the effective property tax rate reflects this process. Compared to other cities in New York, Marathon's rate offers a unique perspective on how local governance can influence property taxes. The median property tax rate in New York stands at 2.61%, significantly higher than the national median of 1.02%. This comparison highlights the importance of understanding how local property tax rates can impact your financial planning. Whether you're a homeowner or considering purchasing property, being informed about local tax rates can help you make better financial decisions.

Property Tax Rates Across Marathon, Broome County, New York

Source: Ownwell

2.33%

4.37%

6.41%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Marathon Tax Rate

2.61%

Median Effective Broome County Tax Rate

3.50%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Marathon, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13803	2.34%	2.61%	2.61%	2.63%	2.63%

Source: Ownwell

Property Tax Assessment Values Across Marathon, Broome County, New York

When examining property taxes in Marathon, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Broome County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Broome County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Marathon. For example, the median home price in Marathon is $86,774, with tax bills ranging significantly across the county. 13803 has the highest median home price at $86,774.

Property Tax Assessment Values Across Marathon, Broome County, New York

Source: Ownwell

$60,170

$114,885

$169,600

Median Marathon Market Value

$86,774

Median Broome County Market Value

$113,808

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Marathon, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13803	$35,212	$56,473	$86,774	$127,037	$175,223

Source: Ownwell

Property Tax Bills Across Marathon, Broome County, New York

In Marathon, located in Broome County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Marathon is $86,774, which is significantly lower than the national median. Despite this, the median property tax bill in Marathon is $2,270, slightly below the national median of $2,400. Factors such as property size, location, and market trends influence the assessed value, impacting the tax bill. For homeowners, these taxes can represent a substantial financial burden, especially when the assessed value does not accurately reflect market changes. Ownwell assists homeowners by offering property tax appeal services, potentially lowering tax bills. By analyzing property assessments and identifying discrepancies, Ownwell ensures homeowners pay only their fair share. With expertise in property tax exemptions and appeals, Ownwell helps reduce the financial strain on Marathon homeowners, allowing them to save money and invest it back into their homes or communities.

Property Tax Bills Across Marathon, Broome County, New York

Source: Ownwell

$1,617

$3,572

$5,526

Median Marathon Tax Bill

$2,270

Median Broome County Tax Bill

$4,421

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Marathon, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13803	$885	$1,458	$2,270	$3,149	$4,563

Source: Ownwell

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Dates

Links
Broome Assessment Review Commission
Website	gis.broomecountyny.gov