Morrisonville, New York Property Taxes
The median property tax rate in Morrisonville, NY is 2.45%, 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 Morrisonville at $173,000, the typical annual property tax bill reaches $4,259, exceeding the national median of $2,690. Property taxes in Morrisonville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morrisonville'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 Morrisonville 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
Morrisonville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$4,239
$3,933
Ownwell’s Morrisonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morrisonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morrisonville 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 Morrisonville, New York
Property taxes in Morrisonville, 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 Morrisonville is 2.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Morrisonville set these rates annually, and they can vary across different neighborhoods. Each year, Morrisonville 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 Morrisonville's effective property tax rate to other counties in New York and the national median. For comparison, the 12962 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Morrisonville 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 Morrisonville Tax Rate
2.45%
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 Morrisonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12962 | 2.31% | 2.36% | 2.45% | 2.64% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Morrisonville, New York
In Morrisonville, 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 Morrisonville, 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. For instance, the median home price in Morrisonville is $173,000, and the zip code with the highest median tax bill is 12962, amounting to $4,259. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Morrisonville Assessed Value
$173,000
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 Morrisonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12962 | $78,100 | $115,000 | $173,000 | $238,400 | $290,000 |
Source: Ownwell
Property Tax Bills Across Morrisonville, New York
In Morrisonville, located in Clinton County, NY, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property’s market value, which is calculated by the local assessor. This value is then multiplied by the tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Morrisonville experience varying tax bills, with the 25th percentile paying around $2,835 annually and the 75th percentile paying approximately $5,856. The 90th percentile sees tax bills as high as $7,222. Comparatively, the national median property tax rate is 0.99%, making Morrisonville's property taxes relatively high. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits they receive from their tax contributions.
Average Morrisonville Tax Bill
$4,259
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 Morrisonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12962 | $1,884 | $2,835 | $4,259 | $5,856 | $7,222 |
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 |