Cadyville, New York Property Taxes
The median property tax rate in Cadyville, NY is 2.75%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Cadyville, the typical annual property tax bill reaches $3,602, exceeding the national median of $2,690. Property taxes in Cadyville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cadyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cadyville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cadyville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$3,748
$3,478
Ownwell’s Cadyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cadyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cadyville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cadyville, New York
Property taxes in Cadyville, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cadyville is 2.75%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Cadyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cadyville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cadyville's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12918 has the highest median property tax rate of 2.75%, while the same zip code also has the lowest median tax rate of 2.75%. Understanding how these areas compare with Cadyville provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cadyville Tax Rate
2.75%
Average Clinton County Tax Rate
2.57%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cadyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12918 | 2.53% | 2.65% | 2.75% | 2.75% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Cadyville, New York
In Cadyville, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Clinton County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cadyville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cadyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cadyville is $136,300, with tax bills ranging significantly, from $2,473 at the 25th percentile to $6,734 at the 90th percentile. The highest and lowest median tax bills in the area are both $3,602, found in the 12918 zip code.
Average Cadyville Assessed Value
$136,300
Average Clinton County Assessed Value
$146,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cadyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12918 | $49,310 | $94,175 | $136,300 | $193,000 | $251,000 |
Source: Ownwell
Property Tax Bills Across Cadyville, New York
Property tax bills in Cadyville, located in Clinton County, NY, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value of the home, which for Cadyville, has a median home price of $136,300. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including changes in the market value of the property, local government budgets, and any applicable exemptions or abatements. In Cadyville, the property tax bills can vary significantly, with the 25th percentile tax bill at $2,473 and the 75th percentile reaching $5,160. The 90th percentile tax bill is even higher at $6,734. Homeowners in Cadyville experience property tax rates that are higher than the national median of 0.99%, which can impact their overall housing costs and financial planning. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Cadyville Tax Bill
$3,602
Average Clinton County Tax Bill
$3,822
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Cadyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12918 | $1,299 | $2,473 | $3,602 | $5,160 | $6,734 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Clinton Assessment Review Commission | |
| Website | clinco.maps.arcgis.com |