Scipio Center, Cayuga County, New York Property Taxes
Median Scipio Center, NY effective property tax rate: 2.05%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Scipio Center, NY home value: $142,590
Median annual Scipio Center, NY tax bill: $2,964, $564 higher than the national median property tax bill of $2,400.
How are property taxes in Cayuga calculated?
Property taxes in Scipio Center, 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 Scipio Center’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Scipio Center, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Scipio Center, Cayuga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.05%
Estimate Property Tax Bill
$2,923
$2,713
Property Tax Rates Across Scipio Center, Cayuga County, New York
Local government entities set tax rates, which can vary widely within a state. This is because 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, in a nutshell, this is the annual process.
In Scipio Center, located in Cayuga County, New York, the effective property tax rate stands at 2.05%, which is noticeably higher than the national median of 1.02%. This rate is consistent across the region, reflecting the area's approach to funding local services. The median property tax bill in this region is also notably higher than the national median of $2,400, emphasizing the significant financial commitment required from homeowners.
This comparison highlights how property tax rates can vary not only between states but also within different regions of the same state. Understanding these variations can be crucial for property owners when considering the financial implications of their real estate investments.
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 Scipio Center Tax Rate
2.05%
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 Scipio Center, Cayuga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13147 | 1.50% | 2.02% | 2.05% | 2.17% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Scipio Center, Cayuga County, New York
When examining property taxes in Scipio Center, 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 Scipio Center. For example, the median home price in Scipio Center is $142,590, with tax bills ranging significantly across the county. Zip code 13147 has the highest median home price at $142,590.
Property Tax Assessment Values Across Scipio Center, Cayuga County, New York
Source: Ownwell
$92,097
$236,531
$380,964
Median Scipio Center Market Value
$142,590
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 Scipio Center, Cayuga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13147 | $56,555 | $96,114 | $142,590 | $215,814 | $552,530 |
Source: Ownwell
Property Tax Bills Across Scipio Center, Cayuga County, New York
Median Scipio Center Tax Bill
$2,964
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 Scipio Center, Cayuga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13147 | $1,214 | $1,960 | $2,964 | $4,407 | $8,640 |
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 |