King Ferry, Cayuga County, New York Property Taxes

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

Median KING FERRY, NY effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median KING FERRY, NY home value: $212,092
Median annual KING FERRY, NY tax bill: $4,108, $1,708 higher than the national median property tax bill of $2,400.

How are property taxes in Cayuga calculated?

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

Last Updated March 1, 2025

King Ferry, Cayuga County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.99%

Estimate Property Tax Bill

$4,221

$3,917

Ownwell’s King Ferry Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in King Ferry with just two data points. By entering your property's estimated assessed value, our calculator applies King Ferry’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Cayuga 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 King Ferry, Cayuga County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, 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, this is the annual process in a nutshell. Below, you can compare KING FERRY’s effective property tax rate to other cities in NY and the median property tax rates in NY and the U.S.

In KING FERRY, located in Cayuga County, the effective property tax rate stands at 1.99%. This rate is significantly higher than the national median property tax rate of 1.02%. While the median property tax rate in NY is also 1.99%, KING FERRY's rate is consistent with the state's median, indicating that property owners in this area experience similar tax obligations as the broader state average. Understanding these rates is crucial for property owners looking to manage their expenses effectively. With property taxes being a significant component of homeownership costs, awareness of local tax rates can aid in financial planning and decision-making.

Property Tax Rates Across King Ferry, 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 King Ferry Tax Rate

1.99%

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 King Ferry, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13081	1.59%	1.94%	1.99%	1.99%	2.12%

Source: Ownwell

Property Tax Assessment Values Across King Ferry, Cayuga County, New York

When examining property taxes in King Ferry, 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 Assessor 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. Assessment notices: 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 King Ferry. For example, the median home price in King Ferry is $212,092, with tax bills ranging significantly across the county. 13081 has the highest median home price at $212,092.

Property Tax Assessment Values Across King Ferry, Cayuga County, New York

Source: Ownwell

$92,097

$236,531

$380,964

Median King Ferry Market Value

$212,092

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 King Ferry, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13081	$75,541	$129,144	$212,092	$350,688	$519,449

Source: Ownwell

Property Tax Bills Across King Ferry, Cayuga County, New York

In King Ferry, located in Cayuga County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $212,092. Tax bills can vary significantly, with the 25th percentile at $2,536 and the 75th percentile reaching $6,509. The highest median tax bill recorded is $4,108, which is notably above the national median tax bill of $2,400. These figures illustrate the considerable range in property taxes that homeowners can face, influenced by factors such as property value and local tax policies. Homeowners in King Ferry might find their property tax burdens higher than in other parts of the country, potentially affecting their financial planning and homeownership costs. Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By leveraging expertise in property tax laws and assessment practices, Ownwell can identify opportunities for savings and guide homeowners through the appeal process, ensuring they pay only their fair share.

Property Tax Bills Across King Ferry, Cayuga County, New York

Source: Ownwell

$2,191

$5,922

$9,652

Median King Ferry Tax Bill

$4,108

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 King Ferry, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13081	$1,414	$2,536	$4,108	$6,509	$9,272

Source: Ownwell

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Dates

Links
Cayuga Assessment Review Commission
Website	ccgis.cayugacounty.us