Wilmington, Essex County, New York Property Taxes
Median Wilmington, NY effective property tax rate: 1.50%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Wilmington, NY home value: $229,400
Median annual Wilmington, NY tax bill: $3,573, $1,173 higher than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in Wilmington, 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 Wilmington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wilmington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wilmington, Essex County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$3,441
$3,193
Property Tax Rates Across Wilmington, Essex County, New York
Local government entities are responsible for setting property tax rates, and these rates can differ significantly within a state. Each county, including Essex, annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property within its boundaries. This calculation results in the property tax rate. Although votes and legislation play a role in determining tax rates and budgets, this is the core of the annual process.
In Wilmington, located in Essex County, New York, the effective property tax rate stands at 1.50%. This rate is notably higher than the national median property tax rate of 1.02%. The median property tax rate in New York matches Wilmington's rate, reflecting a consistent taxation approach across the state. The uniformity in Wilmington's tax rate with both the highest and lowest rates in Essex County indicates a stable tax environment. Understanding these rates is crucial for property owners, as they directly impact the annual tax bill. Comparing Wilmington’s rate to the national median property tax bill of $2400, property owners might anticipate higher expenses.
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 Wilmington Tax Rate
1.50%
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 Wilmington, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12997 | 1.45% | 1.50% | 1.50% | 1.50% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Wilmington, Essex County, New York
When examining property taxes in Wilmington, 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 Wilmington. For example, the median home price in Wilmington is $229,400, with tax bills ranging significantly across the county. 12997 has the highest median home price at $229,400.
Property Tax Assessment Values Across Wilmington, Essex County, New York
Source: Ownwell
$49,622
$193,461
$337,300
Median Wilmington Market Value
$229,400
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 Wilmington, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12997 | $97,300 | $148,550 | $229,400 | $326,450 | $457,700 |
Source: Ownwell
Property Tax Bills Across Wilmington, Essex County, New York
Median Wilmington Tax Bill
$3,573
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 Wilmington, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12997 | $1,558 | $2,359 | $3,573 | $5,325 | $7,454 |
Source: Ownwell