Severance, Essex County, New York Property Taxes

Name: Property Tax Bills Across Severance, Essex County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Severance, 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 Severance, NY home value: $337,300
Median annual Severance, NY tax bill: $4,500, $2,100 higher than the national median property tax bill of $2,400.

How are property taxes in Essex calculated?

Property taxes in Severance, 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 Severance’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Severance, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Severance, Essex County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.46%

Estimate Property Tax Bill

$4,925

$4,570

Ownwell’s Severance Property Tax Bill Calculator equips homeowners, real estate investors, and potential buyers with the ability to estimate their annual property taxes in Severance using just two data points. By entering your property's estimated assessed value, our calculator leverages Severance’s median effective tax rate to provide an accurate estimate of your property tax bill. It's important to note that your property's assessed value—determined by your county—incorporates any exemptions you may have, ensuring a precise calculation of your property tax obligations. This valuable tool not only aids in understanding potential tax liabilities but also underscores how Ownwell can help in minimizing property taxes in Essex County. For those seeking more detailed local insights, please scroll down to discover city-level trends!

Property Tax Rates Across Severance, Essex County, New York

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Severance’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Severance, located in Essex County, experiences a property tax rate that is higher than the national median of 1.02%, reflecting the state's overall higher tax burden. Despite this, the rate aligns with New York's median, which is among the highest in the country. Understanding these variations can help property owners make informed decisions about their investments and financial planning. By engaging in property tax appeals, residents can potentially reduce their tax bills, ensuring they are not overpaying compared to similar properties in the area. This proactive approach is crucial for managing property expenses effectively.

Property Tax Rates Across Severance, Essex County, New York

Source: Ownwell

1.46%

2.46%

3.46%

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 Severance Tax Rate

1.46%

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 Severance, Essex County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12872	1.46%	1.46%	1.46%	1.46%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Severance, Essex County, New York

When examining property taxes in Severance, 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 Severance. For example, the median home price in Severance is $337,300, with tax bills ranging significantly across the county. Zip code 12872 has the highest median home price at $337,300.

Property Tax Assessment Values Across Severance, Essex County, New York

Source: Ownwell

$49,622

$193,461

$337,300

Median Severance Market Value

$337,300

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 Severance, Essex County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12872	$134,300	$173,250	$337,300	$498,425	$618,950

Source: Ownwell

Property Tax Bills Across Severance, Essex County, New York

In Severance, 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 and is intended to reflect the market value of the property. Homeowners in Severance face a median property tax bill of $4,500, which is significantly higher than the national median of $2,400. Factors such as location, property size, and home improvements can influence the assessed value, thereby affecting the tax bill. With property tax bills ranging from $2,524 at the 25th percentile to $8,621 at the 90th percentile, the financial impact on homeowners can be substantial.

Ownwell offers a solution to help homeowners reduce their property tax burden. By analyzing the assessed value and comparing it to market trends, Ownwell identifies opportunities for appeals and exemptions. This service can lead to significant savings, ensuring homeowners are not overpaying on their property taxes. With expert guidance, Ownwell helps homeowners in Severance navigate the complexities of property tax assessments, potentially lowering their annual tax bills.

Property Tax Bills Across Severance, Essex County, New York

Source: Ownwell

$573

$3,573

$6,573

Median Severance Tax Bill

$4,500

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 Severance, Essex County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12872	$1,765	$2,524	$4,500	$7,157	$8,621

Source: Ownwell