Truxton, Cortland County, New York Property Taxes

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

Median Truxton, NY effective property tax rate: 3.45%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Truxton, NY home value: $96,762
Median annual Truxton, NY tax bill: $2,562, $162 higher than the national median property tax bill of $2,400.

How are property taxes in Cortland calculated?

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

Last Updated March 1, 2025

Truxton, Cortland County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.45%

Estimate Property Tax Bill

$3,338

$3,098

Ownwell’s Truxton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Truxton with just two data points. By entering your property's estimated assessed value, our calculator applies Truxton’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 Truxton, Cortland County, New York

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process. In Truxton, located in Cortland County, NY, the effective property tax rate stands at 3.45%. This rate is notably higher than both the median property tax rate in New York and the national median of 1.02%. Truxton's property tax rate is among the highest in the state, reflecting the unique budgetary needs and property values within the area. Property owners in Truxton face a significant tax burden compared to the national median property tax bill of $2400. Understanding these rates is crucial for homeowners looking to manage their expenses or considering property tax appeals and exemptions.

Property Tax Rates Across Truxton, 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 Truxton Tax Rate

3.45%

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 Truxton, Cortland County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13158	1.24%	1.65%	3.45%	3.48%	3.48%

Source: Ownwell

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

When examining property taxes in Truxton, 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 assessment authorities estimate 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 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 Truxton. For example, the median home price in Truxton is $96,762, with tax bills ranging significantly across the county. Zip code 13158 has the highest median home price at $96,762.

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

Source: Ownwell

$78,089

$126,995

$175,901

Median Truxton Market Value

$96,762

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 Truxton, Cortland County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13158	$31,250	$55,766	$96,762	$140,969	$219,650

Source: Ownwell

Property Tax Bills Across Truxton, Cortland County, New York

In Truxton, located in Cortland County, NY, property tax bills are determined by applying the local tax rate to the assessed value of a property. The assessed value is a percentage of the market value, which is influenced by factors such as home size, location, and recent sales of comparable properties. Homeowners in Truxton face a variety of tax bills, with the 25th percentile at $1,301 and the 75th percentile reaching $4,002. The 90th percentile tax bill climbs to $6,370, indicating a significant range depending on property characteristics. The highest and lowest median tax bills in the area are both noted at $2,562, which is slightly above the national median property tax bill of $2,400, despite the national median property tax rate of 1.02%. Homeowners can potentially reduce their tax burden with assistance from Ownwell. By leveraging local expertise, Ownwell identifies opportunities for appeals and exemptions, ensuring homeowners pay only their fair share and possibly saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Truxton, Cortland County, New York

Source: Ownwell

$1,363

$3,373

$5,382

Median Truxton Tax Bill

$2,562

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 Truxton, Cortland County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13158	$689	$1,301	$2,562	$4,002	$6,370

Source: Ownwell