Malone, Franklin County, New York Property Taxes

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

Median Malone, NY effective property tax rate: 2.45%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%. Median Malone, NY home value: $87,591. Median annual Malone, NY tax bill: $2,495, $95 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Malone, Franklin County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.45%

Estimate Property Tax Bill

$2,146

$1,991

Ownwell’s Malone Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Malone with just two data points. By entering your property's estimated assessed value, our calculator applies Malone’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Franklin County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Malone, Franklin County, New York

Local government entities determine property tax rates, which can vary significantly within a state. This variation occurs because each county calculates its necessary budget for public services annually and then divides this by the total value of all taxable properties within its area. This calculation establishes the property tax rate. While the process involves votes and legislation, this is the basic annual procedure.

In Malone, located in Franklin County, NY, the effective property tax rate stands out when compared to other cities in New York and the national average. With a median property tax rate of 2.45%, Malone's rate is considerably higher than the national median of 1.02%. This means that property owners in Malone are paying significantly more in property taxes compared to the average American homeowner. This higher rate can impact the affordability and attractiveness of owning property in Malone. Understanding these rates is crucial for property owners who are looking to manage their expenses effectively. By being aware of how Malone's tax rate compares, property owners can make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Malone, Franklin County, New York

Source: Ownwell

1.52%

2.28%

3.03%

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 Malone Tax Rate

2.45%

Median Effective Franklin County Tax Rate

2.45%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Malone, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12953	2.37%	2.45%	2.45%	3.49%	3.49%

Source: Ownwell

Property Tax Assessment Values Across Malone, Franklin County, New York

When examining property taxes in Malone, 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 Franklin 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 Franklin 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 Malone.

For example, the median home price in Malone is $87,591, with tax bills ranging significantly across the county. The zip code 12953 has the highest median home price at $87,591.

Property Tax Assessment Values Across Malone, Franklin County, New York

Source: Ownwell

$42,262

$149,833

$257,404

Median Malone Market Value

$87,591

Median Franklin County Market Value

$100,730

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Malone, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12953	$32,846	$54,453	$87,591	$129,927	$191,854

Source: Ownwell

Property Tax Bills Across Malone, Franklin County, New York

In Malone, NY, located in Franklin County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Malone is $87,591, and homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is approximately $1,531, while those in the 75th percentile pay around $3,571, and the 90th percentile reaches $5,100. Compared to the national median property tax bill of $2,400, Malone's highest median tax bill of $2,495 in the 12953 zip code is slightly above average. Factors such as property size, location, and improvements contribute to the assessed value, affecting the final tax bill. For homeowners looking to save on their property tax bills, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying potential errors or discrepancies, Ownwell helps homeowners reduce their tax burden, ensuring they pay only their fair share and potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Malone, Franklin County, New York

Source: Ownwell

$1,268

$2,683

$4,098

Median Malone Tax Bill

$2,495

Median Franklin County Tax Bill

$2,460

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Malone, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12953	$878	$1,531	$2,495	$3,571	$5,100

Source: Ownwell

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Dates

Links
Franklin Assessment Review Commission
Website	maps.dancgis.org