Cato, Cayuga County, New York Property Taxes

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

Median Cato, NY effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Cato, NY home value: $116,106
Median annual Cato, NY tax bill: $3,139, $739 higher than the national median property tax bill of $2,400.

How are property taxes in Cayuga calculated?

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

Last Updated March 1, 2025

Cato, Cayuga County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.74%

Estimate Property Tax Bill

$3,181

$2,952

Ownwell’s Cato Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cato with just two data points. By entering your property's estimated assessed value, our calculator applies Cato’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 Cayuga County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cato, Cayuga County, New York

Local government entities in New York set tax rates, resulting in significant variations within the state. The process involves each county estimating its required budget for services and dividing that by the total value of all taxable property in its jurisdiction, determining the property tax rate. While laws and votes are part of the process, this annual calculation is the essence. In Cato, located in Cayuga County, the effective property tax rate provides an interesting comparison to other cities in New York and the national median. With a median property tax rate of 2.74%, Cato stands out significantly against the national median property tax rate of 1.02%. This rate is not only the highest but also the lowest within the 13033 zip code, indicating uniformity within the area. The stark contrast between Cato's rate and the national average highlights the importance of understanding local property tax dynamics. For property owners in Cato, this means a property tax bill that is likely much higher than the national median of $2,400, underscoring the need for careful consideration and potential appeal or exemption services.

Property Tax Rates Across Cato, Cayuga County, New York

Source: Ownwell

1.53%

2.22%

2.91%

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 Cato Tax Rate

2.74%

Median Effective Cayuga County Tax Rate

2.43%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cato, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13033	2.25%	2.53%	2.74%	2.76%	2.84%

Source: Ownwell

Property Tax Assessment Values Across Cato, Cayuga County, New York

When examining property taxes in Cato, 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 Cayuga 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 Cayuga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Cato. For example, the median home price in Cato is $116,106, with tax bills ranging significantly across the county. Zip code 13033 has the highest median home price at $116,106.

Property Tax Assessment Values Across Cato, Cayuga County, New York

Source: Ownwell

$92,097

$236,531

$380,964

Median Cato Market Value

$116,106

Median Cayuga County Market Value

$136,353

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cato, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13033	$50,731	$83,428	$116,106	$170,106	$240,404

Source: Ownwell

Property Tax Bills Across Cato, Cayuga County, New York

In Cato, Cayuga County, NY, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the tax bill. Factors such as changes in the local tax rate or property reassessments can impact the final tax bill. Homeowners in Cato face a median property tax bill of $3,139, which is higher than the national median of $2,400. This can place a significant financial burden on homeowners, especially when the tax bill reaches the 90th percentile at $6,307.

Ownwell provides valuable assistance to homeowners by offering property tax appeal and exemption services. By reviewing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can help reduce the assessed value, leading to a lower tax bill. This service is crucial in helping homeowners save money and ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Cato, Cayuga County, New York

Source: Ownwell

$2,191

$5,922

$9,652

Median Cato Tax Bill

$3,139

Median Cayuga County Tax Bill

$3,328

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Cato, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13033	$1,220	$2,159	$3,139	$4,438	$6,307

Source: Ownwell

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Dates

Links
Cayuga Assessment Review Commission
Website	ccgis.cayugacounty.us