North Creek, New York Property Taxes
The median property tax rate in North Creek, NY is 1.93%, 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 North Creek at $136,900, the typical annual property tax bill reaches $2,645, slightly below the national median of $2,690. Property taxes in North Creek 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 North Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Creek or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Creek, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$2,642
$2,612
Ownwell’s North Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Creek 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 North Creek, New York
Property taxes in North Creek, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Creek is 1.93%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Creek 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 North Creek's effective property tax rate to other counties in New York and the national median. For comparison, the 12853 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with North Creek 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 North Creek Tax Rate
1.93%
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 North Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12853 | 1.81% | 1.93% | 1.93% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across North Creek, New York
In North Creek, 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 North Creek, 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. The median home price here is $136,900, with tax bills ranging from $856 at the 25th percentile to $4,596 at the 90th percentile. The highest and lowest median tax bills are both $2,645 in the zip code 12853. 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 North Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average North Creek Assessed Value
$136,900
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 North Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12853 | $41,940 | $47,200 | $136,900 | $226,400 | $237,860 |
Source: Ownwell
Property Tax Bills Across North Creek, New York
In North Creek, Essex County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in North Creek experience a range of property tax bills. For instance, the tax bill at the 25th percentile is around $856, while at the 75th percentile, it rises to approximately $4285. At the 90th percentile, homeowners can expect to pay about $4596. These figures show significant variation depending on property values and specific local rates. Comparatively, the highest median tax bill in the area is $2645, associated with the zip code 12853. This is notably higher than the national median property tax rate of 0.99%. Understanding these factors is vital for homeowners as they directly influence the affordability and financial planning associated with property ownership in North Creek.
Average North Creek Tax Bill
$2,645
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 North Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12853 | $689 | $856 | $2,645 | $4,285 | $4,596 |
Source: Ownwell