North Lawrence, Franklin County, New York Property Taxes

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

Median North Lawrence, NY effective property tax rate: 2.64%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median North Lawrence, NY home value: $68,941
Median annual North Lawrence, NY tax bill: $1,819, $581 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

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

Last Updated March 1, 2025

North Lawrence, Franklin County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.64%

Estimate Property Tax Bill

$1,820

$1,689

Ownwell’s North Lawrence Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in North Lawrence with just two data points. By entering your property's estimated assessed value, our calculator applies North Lawrence’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 North Lawrence, Franklin County, New York

Local government entities determine tax rates, leading to significant variations within a state. Each county annually estimates its necessary budget to maintain services and divides this by the total assessed value of all taxable property within its boundaries. This calculation determines the property tax rate. Although votes and regulations play a role in setting tax rates and budgets, this is the fundamental annual process.

In North Lawrence, located in Franklin County, the effective property tax rate stands out when compared to other cities in New York. The median property tax rate in New York is notably higher than the national median of 1.02%. This comparison highlights the substantial differences in tax rates across the state and the nation. Understanding these variances can help property owners make informed decisions about their investments. Additionally, being aware of your local tax rate can provide insights into the fiscal priorities of your community and how they might impact your property tax bill.

Property Tax Rates Across North Lawrence, 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 North Lawrence Tax Rate

2.64%

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 North Lawrence, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12967	2.48%	2.64%	2.64%	2.87%	2.87%

Source: Ownwell

Property Tax Assessment Values Across North Lawrence, Franklin County, New York

When examining property taxes in North Lawrence, 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.

Assessment notices: 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 North Lawrence. For example, the median home price in North Lawrence is $68,941, with tax bills ranging significantly across the county. 12967 has the highest median home price at $68,941.

Property Tax Assessment Values Across North Lawrence, Franklin County, New York

Source: Ownwell

$42,262

$149,833

$257,404

Median North Lawrence Market Value

$68,941

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 North Lawrence, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12967	$20,330	$48,118	$68,941	$130,941	$165,882

Source: Ownwell

Property Tax Bills Across North Lawrence, Franklin County, New York

In North Lawrence, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In North Lawrence, the median home price is $68,941, and the tax bills vary significantly across different percentiles. For instance, at the 25th percentile, homeowners pay around $1,270, while those at the 75th percentile see bills as high as $3,456. The 90th percentile tax bill can reach up to $4,157. These figures highlight the variability in tax obligations, which can significantly impact homeowners' finances. Comparatively, the national median property tax bill is $2,400. For homeowners in North Lawrence, navigating these tax assessments can be complex. This is where Ownwell steps in, offering expert property tax appeal services. By identifying discrepancies in assessed values, Ownwell helps homeowners potentially lower their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across North Lawrence, Franklin County, New York

Source: Ownwell

$1,268

$2,683

$4,098

Median North Lawrence Tax Bill

$1,819

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 North Lawrence, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12967	$583	$1,270	$1,819	$3,456	$4,157

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Franklin Assessment Review Commission
Website	maps.dancgis.org