Tully, Cortland County, New York Property Taxes
Median Tully, NY effective property tax rate: 3.50%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Tully, NY home value: $175,901
Median annual Tully, NY tax bill: $5,382, $2,982 higher than the national median property tax bill of $2,400.
How are property taxes in Cortland calculated?
Property taxes in Tully, 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 Tully’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tully, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tully, Cortland County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.5%
Estimate Property Tax Bill
$6,157
$5,713
Property Tax Rates Across Tully, Cortland County, New York
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 Tully Tax Rate
3.50%
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 Tully, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13159 | 1.63% | 3.21% | 3.50% | 3.50% | 3.50% |
Source: Ownwell
Property Tax Assessment Values Across Tully, Cortland County, New York
When examining property taxes in Tully, 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 April. 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 Tully.
For example, the median home price in Tully is $175,901, with tax bills ranging significantly across the county. Zip code 13159 has the highest median home price at $175,901.
Property Tax Assessment Values Across Tully, Cortland County, New York
Source: Ownwell
$78,089
$126,995
$175,901
Median Tully Market Value
$175,901
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 Tully, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13159 | $87,782 | $125,688 | $175,901 | $256,668 | $339,974 |
Source: Ownwell
Property Tax Bills Across Tully, Cortland County, New York
Property tax bills in Tully, located in Cortland County, NY, are determined by assessing the property's market value and applying the local tax rate. The assessed value is a percentage of the market value, and this figure is multiplied by the tax rate to calculate the annual tax bill. In Tully, the median home price is $175,901, and property tax bills can vary widely. For instance, the 25th percentile tax bill is $3,780, while the 75th percentile reaches $7,898. The 90th percentile tax bill can be as high as $10,829. This is significantly above the national median property tax bill of $2,400, highlighting the potential financial burden on homeowners in this area.
Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By analyzing local market conditions and comparable property values, Ownwell can identify opportunities for savings. This service can be particularly beneficial in areas like Tully, where property taxes are considerably higher than the national average, providing homeowners with much-needed financial relief.
Median Tully Tax Bill
$5,382
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 Tully, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13159 | $1,960 | $3,780 | $5,382 | $7,898 | $10,829 |
Source: Ownwell