Ilion, Herkimer County, New York Property Taxes

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

Median Ilion, NY effective property tax rate: 1.84%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Ilion, NY home value: $82,969
Median annual Ilion, NY tax bill: $1,388, $1,012 lower than the national median property tax bill of $2,400.

How are property taxes in Herkimer calculated?

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

Last Updated March 1, 2025

Ilion, Herkimer County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.84%

Estimate Property Tax Bill

$1,527

$1,417

Ownwell’s Ilion Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ilion with just two data points. By entering your property's estimated assessed value, our calculator applies Ilion’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 Herkimer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ilion, Herkimer County, New York

Local government entities set tax rates, which can vary widely within a state. The reason behind this is that each county annually 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. In Ilion, Herkimer County, NY, the effective property tax rate stands at 1.84%. This is significantly higher than the national median property tax rate of 1.02%. Interestingly, Ilion's rate is the highest and lowest within its zip code, highlighting a lack of variation in this area. When compared to other cities in New York and the national median, Ilion's property tax rate underscores the diversity in property tax assessments across different regions, emphasizing the importance of understanding local tax obligations.

Property Tax Rates Across Ilion, Herkimer County, New York

Source: Ownwell

0.83%

1.33%

1.84%

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 Ilion Tax Rate

1.84%

Median Effective Herkimer County Tax Rate

1.09%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ilion, Herkimer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13357	1.31%	1.84%	1.84%	1.84%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Ilion, Herkimer County, New York

When examining property taxes in Ilion, 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 Herkimer 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 Herkimer County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Ilion.

For example, the median home price in Ilion is $82,969, with tax bills ranging significantly across the county. Zip code 13357 has the highest median home price at $82,969.

Property Tax Assessment Values Across Ilion, Herkimer County, New York

Source: Ownwell

$73,770

$143,696

$213,621

Median Ilion Market Value

$82,969

Median Herkimer County Market Value

$101,125

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ilion, Herkimer County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13357	$52,969	$66,387	$82,969	$111,875	$152,344

Source: Ownwell

Property Tax Bills Across Ilion, Herkimer County, New York

In Ilion, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Ilion is $82,969, and homeowners experience varying tax bills based on their property's assessed value. The 25th percentile tax bill is $1,144, while the 75th percentile reaches $1,758. At the 90th percentile, bills can climb to $2,296. When compared to the national median property tax bill of $2,400, Ilion's figures are relatively moderate. However, these taxes can still impact homeowners' finances significantly. Factors influencing the tax bill include local government budgets and public service needs. Homeowners looking to reduce their property tax burdens can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing your property's assessed value and ensuring it aligns with market conditions, Ownwell can help identify potential savings. This assistance can lead to substantial reductions in tax bills, providing homeowners with much-needed financial relief.

Property Tax Bills Across Ilion, Herkimer County, New York

Source: Ownwell

$597

$1,390

$2,183

Median Ilion Tax Bill

$1,388

Median Herkimer County Tax Bill

$1,150

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Ilion, Herkimer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13357	$864	$1,144	$1,388	$1,758	$2,296

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Herkimer Assessment Review Commission
Website	app.regrid.com