Schroon Lake, Essex County, New York Property Taxes
Median Schroon Lake, NY effective property tax rate: 1.46%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Schroon Lake, NY home value: $221,700
Median annual Schroon Lake, NY tax bill: $3,175, $775 higher than the national median property tax bill of $2,400.
How are property taxes in Essex County calculated?
Property taxes in Schroon Lake, 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 Schroon Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schroon Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Schroon Lake, Essex County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.46%
Estimate Property Tax Bill
$3,237
$3,004
Property Tax Rates Across Schroon Lake, Essex 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 Schroon Lake Tax Rate
1.46%
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 Essex County Tax Rate
1.92%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Schroon Lake, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12870 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Schroon Lake, Essex County, New York
When examining property taxes in Schroon Lake, 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 Essex 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 Essex 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 Schroon Lake. For example, the median home price in Schroon Lake is $221,700, with tax bills ranging significantly across the county. Zip code 12870 has the highest median home price at $221,700.
Property Tax Assessment Values Across Schroon Lake, Essex County, New York
Source: Ownwell
$49,622
$193,461
$337,300
Median Schroon Lake Market Value
$221,700
Median Essex County Market Value
$151,489
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Schroon Lake, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12870 | $74,320 | $136,400 | $221,700 | $373,800 | $703,240 |
Source: Ownwell
Property Tax Bills Across Schroon Lake, Essex County, New York
In Schroon Lake, 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 the local assessor and reflects the market value of the property. Homeowners in Schroon Lake face property tax bills that can vary significantly, with the 25th percentile at $1,936 and the 75th percentile reaching $5,420. The highest median tax bill in the area is $3,175, which is above the national median property tax bill of $2,400. This disparity can place a financial strain on homeowners, especially when the tax bill climbs to the 90th percentile at $10,249.
Ownwell can help homeowners reduce their property tax bills by providing expert property tax appeal services. By analyzing the assessed value and comparing it to similar properties, Ownwell identifies opportunities for reassessment and potential savings. With Ownwell's assistance, homeowners can ensure they are not overpaying and can potentially lower their tax obligations, offering peace of mind and financial relief.
Median Schroon Lake Tax Bill
$3,175
Median Essex County Tax Bill
$2,966
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Schroon Lake, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12870 | $1,059 | $1,936 | $3,175 | $5,420 | $10,249 |
Source: Ownwell