Homer, Cortland County, New York Property Taxes

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

Median Homer, NY effective property tax rate: 3.03%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Homer, NY home value: $137,143
Median annual Homer, NY tax bill: $3,968, $1,568 higher than the national median property tax bill of $2,400.

How are property taxes in Cortland calculated?

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

Last Updated March 1, 2025

Homer, Cortland County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.03%

Estimate Property Tax Bill

$4,155

$3,856

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

Property Tax Rates Across Homer, Cortland County, New York

Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. This variation is due to each county's process of estimating the budget needed to provide essential services annually. They then divide this budget by the total assessed value of all taxable properties within their jurisdiction, resulting in the property tax rate.

While the setting of tax rates and budgets involves votes and legislative measures, this is essentially how the annual process unfolds. In Homer, located in Cortland County, the effective property tax rate is notably higher compared to the national median. This reflects the county's budgetary needs and the total assessed property values within the area.

When comparing Homer's property tax rate to other cities in New York, it stands out as particularly high. This difference highlights the importance of understanding local tax policies and their impact on property owners. With Homer's property tax rate significantly exceeding the national median, property owners may find value in exploring tax appeal services to ensure their assessments are fair and equitable.

Property Tax Rates Across Homer, Cortland County, New York

Source: Ownwell

1.90%

2.94%

3.97%

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 Homer Tax Rate

3.03%

Median Effective Cortland County Tax Rate

3.26%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Homer, Cortland County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13077	1.65%	3.03%	3.03%	3.18%	3.29%

Source: Ownwell

Property Tax Assessment Values Across Homer, Cortland County, New York

When examining property taxes in Homer, 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 Cortland 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:

In Cortland 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 Homer.

For example, the median home price in Homer is $137,143, with tax bills ranging significantly across the county. Zip code 13077 has the highest median home price at $137,143.

Property Tax Assessment Values Across Homer, Cortland County, New York

Source: Ownwell

$78,089

$126,995

$175,901

Median Homer Market Value

$137,143

Median Cortland County Market Value

$117,179

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Homer, Cortland County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13077	$74,881	$105,357	$137,143	$178,571	$237,448

Source: Ownwell

Property Tax Bills Across Homer, Cortland County, New York

In Homer, located in Cortland County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The property tax rate is applied to this assessed value to determine the annual tax bill. In Homer, the tax bills range significantly, with the 25th percentile at $2,845 and the 90th percentile reaching $7,141. The median tax bill stands at $3,968, which is higher than the national median of $2,400. This implies that homeowners in Homer often face a higher tax burden compared to the national average. Various factors influence these tax bills, including local government budgets and school district needs. Homeowners can feel the impact of these taxes significantly, as they contribute to annual housing costs. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal services, potentially lowering the assessed value and thus the tax burden. This service can offer substantial savings, ensuring homeowners only pay their fair share.

Property Tax Bills Across Homer, Cortland County, New York

Source: Ownwell

$1,363

$3,373

$5,382

Median Homer Tax Bill

$3,968

Median Cortland County Tax Bill

$3,928

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Homer, Cortland County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13077	$1,733	$2,845	$3,968	$5,238	$7,141

Source: Ownwell