Willsboro, Essex County, New York Property Taxes
The median property tax rate in Willsboro, NY is 1.80%, 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 Willsboro, the typical annual property tax bill reaches $2,665, closely aligning with the national median of $2,690. Property taxes in Willsboro 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 Willsboro'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 Willsboro 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
Willsboro, Essex County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$2,880
$2,673
Ownwell’s Willsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willsboro 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 Willsboro, Essex County, New York
Property taxes in Willsboro, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willsboro is 1.80%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Willsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willsboro 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 Willsboro's effective property tax rate to other counties in New York and the national median. For comparison, the 12996 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these areas compare with Willsboro 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 Willsboro Tax Rate
1.80%
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 Willsboro, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12996 | 1.66% | 1.75% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Willsboro, Essex County, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Willsboro, New York. 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 Willsboro, 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 Willsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12996 has the highest and lowest median tax bill at $2,665, reflecting the unique tax landscape of the area.
Property Tax Assessment Values Across Willsboro, Essex County, New York
Source: Ownwell
$49,622
$193,461
$337,300
Average Willsboro Assessed Value
$160,000
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 Willsboro, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12996 | $46,000 | $93,000 | $160,000 | $309,000 | $462,400 |
Source: Ownwell
Property Tax Bills Across Willsboro, Essex County, New York
In Willsboro, 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 tax assessor and is a percentage of the property's market value. Homeowners in Willsboro, located in Essex County, NY, experience varying tax bills depending on their property's assessed value and specific tax rates. For instance, the median home price in Willsboro is $160,000. The property tax bill can range significantly, with the 25th percentile at $1,585 and the 75th percentile reaching $5,331. At the 90th percentile, homeowners might see tax bills as high as $8,173. These figures illustrate the variability in property tax obligations, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Willsboro's tax rates can result in higher tax bills, impacting homeowners' annual expenses substantially. Understanding these factors helps homeowners plan better for their financial responsibilities.
Average Willsboro Tax Bill
$2,665
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 Willsboro, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12996 | $810 | $1,585 | $2,665 | $5,331 | $8,173 |
Source: Ownwell