Au Sable Forks, New York Property Taxes
The median property tax rate in Au Sable Forks, NY is 2.61%, 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 Au Sable Forks at $123,900, the typical annual property tax bill reaches $3,377, exceeding the national median of $2,690. Property taxes in Au Sable Forks are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Au Sable Forks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Au Sable Forks or another part of Essex County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Au Sable Forks, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$3,234
$3,197
Ownwell’s Au Sable Forks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Au Sable Forks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Au Sable Forks 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 Au Sable Forks, New York
Property taxes in Au Sable Forks, 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 Au Sable Forks is 2.61%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Au Sable Forks set these rates annually, and they can vary significantly across different neighborhoods. Each year, Au Sable Forks 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 Au Sable Forks' effective property tax rate to other counties in New York and the national median. For comparison, the 12912 zip code has both the highest and lowest median property tax rate of 2.61%. Understanding how these areas compare with Au Sable Forks provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Au Sable Forks Tax Rate
2.61%
Average Essex County Tax Rate
1.92%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Au Sable Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12912 | 2.43% | 2.49% | 2.61% | 3.15% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Au Sable Forks, New York
In Au Sable Forks, 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 Essex 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 Au Sable Forks, 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. Being aware of these valuation processes in Au Sable Forks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $123,900, with tax bills ranging from $2,553 at the 25th percentile to $7,477 at the 90th percentile. The zip code 12912 has both the highest and lowest median tax bill at $3,377.
Property Tax Assessment Values Across Au Sable Forks, New York
Source: Ownwell
$49,622
$193,461
$337,300
Average Au Sable Forks Assessed Value
$123,900
Average Essex County Assessed Value
$151,489
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Au Sable Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12912 | $57,900 | $88,550 | $123,900 | $184,700 | $298,500 |
Source: Ownwell
Property Tax Bills Across Au Sable Forks, New York
Property tax bills in Au Sable Forks, located in Essex County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property’s market value. Homeowners in Au Sable Forks face tax bills that can vary significantly. For instance, the 25th percentile tax bill is $2,553, while the 75th percentile tax bill reaches $4,926, and the 90th percentile tax bill climbs to $7,477. These figures highlight the range of property tax burdens within the community. The median home price in Au Sable Forks is $123,900, which is a key factor in determining the overall tax bill. Compared to the national median property tax rate of 0.99%, the property tax rates in Essex County can result in higher or lower tax bills depending on the specific assessed value and applicable exemptions. Homeowners need to be aware of these factors as they can significantly impact annual expenses and overall financial planning.
Average Au Sable Forks Tax Bill
$3,377
Average Essex County Tax Bill
$2,966
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Au Sable Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12912 | $1,468 | $2,553 | $3,377 | $4,926 | $7,477 |
Source: Ownwell