Chazy, New York Property Taxes
The median property tax rate in Chazy, NY is 2.40%, 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 Chazy at $180,900, the typical annual property tax bill reaches $4,373, exceeding the national median of $2,690. Property taxes in Chazy 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 Chazy'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 Chazy 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
Chazy, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$4,342
$4,029
Ownwell’s Chazy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chazy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chazy 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 Chazy, New York
Property taxes in Chazy, 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 Chazy is 2.40%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Chazy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chazy 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 Chazy's effective property tax rate to other counties in New York and the national median. For comparison, the 12921 zip code has the highest median property tax rate of 2.40%, while the same zip code also represents the lowest median tax rate of 2.40%. Understanding how these cities compare with Chazy 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 Chazy Tax Rate
2.40%
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 Chazy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12921 | 2.34% | 2.40% | 2.40% | 2.42% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Chazy, New York
In Chazy, 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 local assessment office 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 Chazy, 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 Chazy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12921 has the highest and lowest median tax bill in the area, both at $4,373.
Average Chazy Assessed Value
$180,900
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 Chazy, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12921 | $75,660 | $128,300 | $180,900 | $250,750 | $338,000 |
Source: Ownwell
Property Tax Bills Across Chazy, New York
In Chazy, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Clinton County. The median home price in Chazy is $180,900. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile at $3,089 and the 75th percentile reaching $6,024. For those in the 90th percentile, tax bills can go up to $8,199. These figures indicate a wide range of tax liabilities influenced by property values and specific local tax rates. The highest and lowest median tax bills in Chazy both stand at $4,373, which is considerably higher than the national median property tax rate of 0.99%. This suggests that property taxes in Chazy are above average, impacting homeowners by increasing their annual expenses. Factors such as local government budgets, school funding needs, and property assessments play a crucial role in determining the final tax bill, making it essential for homeowners to stay informed about their property’s assessed value and any potential exemptions they might qualify for.
Average Chazy Tax Bill
$4,373
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 Chazy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12921 | $1,816 | $3,089 | $4,373 | $6,024 | $8,199 |
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 |