Cayuga County Property Taxes
The median property tax rate in Cayuga County is 2.43%, which is significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Cayuga County, the typical annual property tax bill reaches $3,328, surpassing the national median of $2,690. Property taxes in Cayuga County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Cayuga County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Auburn or another part of Cayuga County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cayuga County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$3,313
$3,075
Ownwell’s Cayuga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cayuga with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Cayuga to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Cayuga County, New York
Property taxes in Cayuga County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Cayuga County is 2.43%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Cayuga County set these rates annually, and they can vary significantly between different areas within the county. Each year, Cayuga County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Cayuga County's effective property tax rate with other counties in New York and the national median. For comparison, the city of Montezuma has one of the higher property tax rates in New York at 2.91%, while the city of Oswego boasts one of the lowest at 1.53%. Analyzing how Cayuga County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Cayuga County Tax Rate
2.43%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cayuga County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | 2.10% | 2.43% | 2.43% | 2.57% | 2.88% |
| Aurora | 1.67% | 1.94% | 1.94% | 2.19% | 2.19% |
| Baldwinsville | 2.32% | 2.76% | 2.76% | 2.76% | 2.76% |
| Cato | 2.25% | 2.53% | 2.74% | 2.76% | 2.84% |
| Cayuga | 2.11% | 2.17% | 2.52% | 2.78% | 2.78% |
| Cortland | 1.64% | 2.22% | 2.84% | 2.91% | 2.91% |
| Elbridge | 2.89% | 2.89% | 2.89% | 2.89% | 2.89% |
| Fair Haven | 1.64% | 2.45% | 2.55% | 2.66% | 2.84% |
| Genoa | 1.64% | 2.01% | 2.08% | 2.16% | 2.41% |
| Groton | 2.06% | 2.18% | 2.57% | 2.79% | 3.09% |
| Hannibal | 2.53% | 2.76% | 2.76% | 2.76% | 2.76% |
| Homer | 2.21% | 2.29% | 2.46% | 2.76% | 2.76% |
| Jordan | 2.49% | 2.53% | 2.53% | 2.86% | 3.19% |
| King Ferry | 1.59% | 1.94% | 1.99% | 1.99% | 2.12% |
| Lansing | 1.42% | 1.93% | 2.03% | 2.03% | 2.03% |
| Locke | 2.03% | 2.18% | 2.57% | 2.57% | 2.73% |
| Martville | 1.48% | 2.25% | 2.59% | 2.91% | 2.91% |
| Meridian | 2.70% | 2.81% | 2.81% | 2.81% | 2.81% |
| Montezuma | 2.76% | 2.86% | 2.91% | 2.98% | 3.11% |
| Moravia | 2.05% | 2.27% | 2.41% | 2.50% | 2.99% |
| Oswego | 1.10% | 1.21% | 1.53% | 3.26% | 3.44% |
| Port Byron | 2.40% | 2.56% | 2.77% | 2.95% | 3.47% |
| Red Creek | 1.40% | 1.93% | 2.27% | 2.53% | 2.55% |
| Savannah | 2.40% | 2.50% | 2.56% | 2.56% | 2.56% |
| Scipio Center | 1.50% | 2.02% | 2.05% | 2.17% | 2.38% |
| Skaneateles | 1.88% | 1.99% | 2.22% | 2.38% | 2.55% |
| Sterling | 1.63% | 2.24% | 2.51% | 2.86% | 2.91% |
| Union Springs | 1.94% | 2.15% | 2.40% | 2.40% | 2.50% |
| Weedsport | 2.48% | 2.75% | 2.81% | 2.86% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Cayuga County, New York
In Cayuga, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Cayuga Appraisal District. The assessed value, however, 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. Assessment notices in Cayuga are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Cayuga, the median home price is $136,353, with tax bills ranging from $2,232 at the 25th percentile to $7,532 at the 90th percentile. The highest median tax bill is $9,652 in Homer, while the lowest is $2,191 in Red Creek. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Cayuga County Assessed Value
$136,353
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cayuga County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $73,400 | $96,700 | $137,800 | $198,083 | $299,471 |
| Aurora | $89,000 | $139,036 | $197,000 | $312,000 | $602,800 |
| Baldwinsville | $45,623 | $94,706 | $111,647 | $161,882 | $184,447 |
| Cato | $50,731 | $83,428 | $116,106 | $170,106 | $240,404 |
| Cayuga | $61,697 | $103,333 | $155,100 | $250,300 | $405,581 |
| Cortland | $59,391 | $83,514 | $130,145 | $208,623 | $257,261 |
| Elbridge | $135,718 | $138,910 | $144,231 | $175,449 | $194,180 |
| Fair Haven | $39,136 | $76,018 | $144,815 | $270,093 | $411,358 |
| Genoa | $56,102 | $89,796 | $128,367 | $203,163 | $353,084 |
| Groton | $51,546 | $98,296 | $140,580 | $195,218 | $301,304 |
| Hannibal | $60,494 | $89,588 | $139,765 | $166,941 | $262,777 |
| Homer | $278,603 | $322,086 | $380,964 | $471,566 | $573,446 |
| Jordan | $49,019 | $92,105 | $130,921 | $184,211 | $253,383 |
| King Ferry | $75,541 | $129,144 | $212,092 | $350,688 | $519,449 |
| Lansing | $105,102 | $122,347 | $136,530 | $152,858 | $200,408 |
| Locke | $47,592 | $84,845 | $128,866 | $179,382 | $253,898 |
| Martville | $37,051 | $62,575 | $96,266 | $141,437 | $202,333 |
| Meridian | $67,895 | $85,526 | $102,632 | $128,947 | $142,105 |
| Montezuma | $40,323 | $64,839 | $92,097 | $120,968 | $149,839 |
| Moravia | $60,120 | $99,583 | $153,746 | $240,082 | $380,886 |
| Oswego | $57,840 | $90,772 | $126,234 | $229,105 | $494,827 |
| Port Byron | $36,992 | $69,620 | $102,979 | $147,856 | $199,978 |
| Red Creek | $37,978 | $67,420 | $100,652 | $146,294 | $191,782 |
| Savannah | $138,032 | $156,862 | $210,319 | $238,324 | $292,021 |
| Scipio Center | $56,555 | $96,114 | $142,590 | $215,814 | $552,530 |
| Skaneateles | $70,076 | $119,158 | $235,380 | $419,212 | $640,662 |
| Sterling | $39,358 | $72,469 | $113,951 | $191,358 | $289,728 |
| Union Springs | $78,081 | $110,505 | $147,273 | $215,051 | $381,818 |
| Weedsport | $71,808 | $105,897 | $143,590 | $186,827 | $244,661 |
Source: Ownwell
Property Tax Bills Across Cayuga County, New York
In Cayuga County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting what the property would likely sell for under current market conditions. Homeowners in Cayuga County can expect property tax bills that vary significantly depending on their property's assessed value and the local tax rate. For instance, the median home price in the county is $136,353, and tax bills range from $2,232 at the 25th percentile to $7,532 at the 90th percentile. Factors such as property location, improvements, and market trends influence the assessed value, thus impacting the tax bill. The highest median tax bill in the county is seen in Homer at $9,652, while Red Creek has the lowest at $2,191. Compared to the national median property tax rate of 0.99%, Cayuga County's tax rates can lead to a substantial financial commitment for homeowners, emphasizing the importance of accurate property assessments and potential appeals.
Average Cayuga County Tax Bill
$3,328
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Cayuga County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Auburn | $1,701 | $2,273 | $3,338 | $4,863 | $7,645 |
| Aurora | $1,567 | $2,754 | $3,923 | $6,071 | $10,986 |
| Baldwinsville | $1,261 | $2,618 | $3,086 | $4,374 | $5,099 |
| Cato | $1,220 | $2,159 | $3,139 | $4,438 | $6,307 |
| Cayuga | $1,598 | $2,564 | $3,811 | $5,745 | $8,597 |
| Cortland | $1,414 | $2,008 | $3,277 | $5,412 | $7,148 |
| Elbridge | $3,924 | $4,016 | $4,170 | $5,072 | $5,614 |
| Fair Haven | $925 | $1,702 | $3,271 | $6,569 | $9,729 |
| Genoa | $1,163 | $1,824 | $2,637 | $4,017 | $6,811 |
| Groton | $1,120 | $2,500 | $3,413 | $5,225 | $8,252 |
| Hannibal | $1,487 | $2,469 | $3,642 | $4,463 | $6,171 |
| Homer | $5,816 | $7,525 | $9,652 | $12,134 | $15,639 |
| Jordan | $1,204 | $2,299 | $3,461 | $4,930 | $6,621 |
| King Ferry | $1,414 | $2,536 | $4,108 | $6,509 | $9,272 |
| Lansing | $1,641 | $2,438 | $2,681 | $3,103 | $4,068 |
| Locke | $1,051 | $1,986 | $3,105 | $4,368 | $6,126 |
| Martville | $785 | $1,366 | $2,338 | $3,483 | $5,412 |
| Meridian | $1,910 | $2,258 | $2,888 | $3,628 | $3,975 |
| Montezuma | $1,096 | $1,841 | $2,645 | $3,354 | $4,286 |
| Moravia | $1,458 | $2,407 | $3,700 | $5,599 | $8,485 |
| Oswego | $1,324 | $1,895 | $2,760 | $4,214 | $5,470 |
| Port Byron | $972 | $1,921 | $2,935 | $4,042 | $5,396 |
| Red Creek | $792 | $1,265 | $2,191 | $3,291 | $4,382 |
| Savannah | $3,534 | $4,016 | $5,385 | $5,640 | $7,041 |
| Scipio Center | $1,214 | $1,960 | $2,964 | $4,407 | $8,640 |
| Skaneateles | $1,560 | $2,859 | $5,005 | $8,924 | $12,609 |
| Sterling | $884 | $1,636 | $2,725 | $4,478 | $7,219 |
| Union Springs | $1,901 | $2,610 | $3,371 | $4,748 | $8,041 |
| Weedsport | $1,718 | $2,850 | $3,919 | $5,186 | $6,873 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Links | |
|---|---|
| Cayuga Assessment Review Commission | |
| Website | ccgis.cayugacounty.us |