Port Kent, New York Property Taxes
The median property tax rate in Port Kent, NY is 2.46%, 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 Port Kent at $166,100, the typical annual property tax bill reaches $3,841, exceeding the national median of $2,690. Property taxes in Port Kent 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 Port Kent'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 Port Kent 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
Port Kent, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$4,086
$3,792
Ownwell’s PORT KENT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORT KENT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORT KENT 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 Port Kent, New York
Property taxes in Port Kent, NY, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Kent is 2.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Port Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Kent 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 Port Kent's effective property tax rate to other areas in Essex County and the national median. For comparison, the zip code 12975 has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these areas compare with Port Kent 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 Port Kent Tax Rate
2.46%
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 Port Kent, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12975 | 1.49% | 2.44% | 2.46% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Port Kent, New York
In Port Kent, 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 Port Kent, 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 Port Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $3,841 in the 12975 zip code.
Average Port Kent Assessed Value
$166,100
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 Port Kent, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12975 | $88,800 | $122,900 | $166,100 | $260,600 | $322,100 |
Source: Ownwell
Property Tax Bills Across Port Kent, New York
In Port Kent, NY, located in Essex County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. Homeowners in Port Kent can expect tax bills to vary significantly depending on their property's assessed value and applicable exemptions. Key factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or abatements. For instance, the median home price in Port Kent is $166,100, which gives an idea of the general property values in the area. Tax bills in this region can range widely, with the 25th percentile at $2,611 and the 75th percentile at $5,758, indicating substantial variability based on property specifics. Compared to the national median property tax rate of 0.99%, homeowners in Port Kent might find their tax rates comparable or higher, affecting their annual financial planning and homeownership costs. This variability underscores the importance of understanding local assessment practices and potential exemptions.
Average Port Kent Tax Bill
$3,841
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 Port Kent, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12975 | $1,779 | $2,611 | $3,841 | $5,758 | $7,082 |
Source: Ownwell