Meridian, Cayuga County, New York Property Taxes

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

Median Meridian, NY effective property tax rate: 2.81%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Meridian, NY home value: $102,632
Median annual Meridian, NY tax bill: $2,888, $488 higher than the national median property tax bill of $2,400.

How are property taxes in Cayuga calculated?

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

Last Updated March 1, 2025

Meridian, Cayuga County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.81%

Estimate Property Tax Bill

$2,884

$2,676

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

Property Tax Rates Across Meridian, Cayuga County, New York

Local government entities set tax rates, which can vary widely within a state. The process involves each county estimating its required budget to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

Meridian in Cayuga County, NY, offers an interesting case study for property taxes, with its effective property tax rate standing at 2.81%. This rate is notably higher than the national median property tax rate of 1.02%. Such a comparison highlights the variability in property tax rates across different regions. Understanding these differences is crucial for property owners looking to manage their expenses effectively. By comparing Meridian's rate to other cities in New York and the median property tax rates in the state and the U.S., property owners can gain valuable insights into how their tax obligations stack up.

Property Tax Rates Across Meridian, 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 Meridian Tax Rate

2.81%

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 Meridian, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13113	2.70%	2.81%	2.81%	2.81%	2.81%

Source: Ownwell

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

When examining property taxes in Meridian, 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. Assessment notices: 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 Meridian. For example, the median home price in Meridian is $102,632, with tax bills ranging significantly across the county. 13113 has the highest median home price at $102,632.

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

Source: Ownwell

$92,097

$236,531

$380,964

Median Meridian Market Value

$102,632

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 Meridian, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13113	$67,895	$85,526	$102,632	$128,947	$142,105

Source: Ownwell

Property Tax Bills Across Meridian, Cayuga County, New York

In Meridian, Cayuga County, NY, property taxes are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in the area is $102,632. Property tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. The median property tax bill here is $2,888, which is above the national median of $2,400. Homeowners in Meridian can see tax bills ranging from $2,258 at the 25th percentile to $3,975 at the 90th percentile, highlighting the variability based on property value and local rates.

High property tax bills can be a burden for homeowners, but Ownwell can help. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills. Our team reviews your assessment and identifies opportunities for savings, ensuring you don't pay more than necessary. This service can lead to significant savings, making homeownership more affordable and manageable.

Property Tax Bills Across Meridian, Cayuga County, New York

Source: Ownwell

$2,191

$5,922

$9,652

Median Meridian Tax Bill

$2,888

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 Meridian, Cayuga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13113	$1,910	$2,258	$2,888	$3,628	$3,975

Source: Ownwell

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Dates

Links
Cayuga Assessment Review Commission
Website	ccgis.cayugacounty.us