Marathon, Cortland County, New York Property Taxes
Median Marathon, NY effective property tax rate: 3.15%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Marathon, NY home value: $106,954
Median annual Marathon, NY tax bill: $3,194, $794 higher than the national median property tax bill of $2,400.
How are property taxes in Cortland calculated?
Property taxes in Marathon, 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 Marathon’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Marathon, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Marathon, Cortland County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.15%
Estimate Property Tax Bill
$3,369
$3,126
Ownwell’s Marathon Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Marathon with just two data points.
By entering your property's estimated assessed value, our calculator applies Marathon’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 Marathon, Cortland County, New York
Local government entities in New York set property tax rates, leading to significant variation across the state. Each year, counties like Cortland calculate their necessary budget to maintain public services and then divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation determines the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the core of the annual process.
In Marathon, located within Cortland County, the effective property tax rate is notably higher than both the state and national medians. With New York's median property tax rate already surpassing the national median of 1.02%, Marathon's rate stands out even more. This makes understanding and potentially appealing property taxes crucial for homeowners in the area. By comparing Marathon’s effective tax rate to other cities in New York and the broader U.S., residents can better comprehend their position and explore opportunities for tax reduction.
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 Marathon Tax Rate
3.15%
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 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 Marathon, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13803 | 1.11% | 2.53% | 3.15% | 3.42% | 4.01% |
Source: Ownwell
Property Tax Assessment Values Across Marathon, Cortland County, New York
When examining property taxes in Marathon, 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.
In Cortland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Marathon. For example, the median home price in Marathon is $106,954, with tax bills ranging significantly across the county. Zip code 13803 has the highest median home price at $106,954.
Property Tax Assessment Values Across Marathon, Cortland County, New York
Source: Ownwell
$78,089
$126,995
$175,901
Median Marathon Market Value
$106,954
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 Marathon, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13803 | $46,227 | $78,736 | $106,954 | $152,613 | $219,565 |
Source: Ownwell
Property Tax Bills Across Marathon, Cortland County, New York
Median Marathon Tax Bill
$3,194
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 Marathon, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13803 | $894 | $1,844 | $3,194 | $4,598 | $6,114 |
Source: Ownwell