Groton, Cayuga County, New York Property Taxes
Median Groton, NY effective property tax rate: 2.57%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Groton, NY home value: $140,580
Median annual Groton, NY tax bill: $3,413, $1,013 higher than the national median property tax bill of $2,400.
How are property taxes in Cayuga calculated?
Property taxes in Groton, 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 Groton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Groton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Groton, Cayuga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.57%
Estimate Property Tax Bill
$3,613
$3,353
Property Tax Rates Across Groton, Cayuga County, New York
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Groton in Cayuga County, NY, presents a unique case in property taxation. The effective property tax rate here stands at 2.57%, which is significantly higher than the national median of 1.02%. This rate is the highest and lowest median tax rate in the region, highlighting a uniformity in taxation within the Groton area. Despite the high rate, it's essential to consider the services funded by these taxes, which contribute to the community's quality of life.
Comparing Groton's tax rate to other cities in New York and the broader national context underscores the importance of understanding property tax dynamics. High rates can be a reflection of robust local services, but they also pose a financial consideration for property owners. Understanding these nuances helps residents and potential buyers make informed decisions about property investments in the area.
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 Groton Tax Rate
2.57%
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 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 Groton, Cayuga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13073 | 2.06% | 2.18% | 2.57% | 2.79% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Groton, Cayuga County, New York
When examining property taxes in Groton, 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 Groton. For example, the median home price in Groton is $140,580, with tax bills ranging significantly across the county. 13073 has the highest median home price at $140,580.
Property Tax Assessment Values Across Groton, Cayuga County, New York
Source: Ownwell
$92,097
$236,531
$380,964
Median Groton Market Value
$140,580
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 Groton, Cayuga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13073 | $51,546 | $98,296 | $140,580 | $195,218 | $301,304 |
Source: Ownwell
Property Tax Bills Across Groton, Cayuga County, New York
Median Groton Tax Bill
$3,413
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 Groton, Cayuga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13073 | $1,120 | $2,500 | $3,413 | $5,225 | $8,252 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Cayuga Assessment Review Commission | |
| Website | ccgis.cayugacounty.us |