Alexandria Bay, New York Property Taxes
The median property tax rate in Alexandria Bay, NY is 1.93%, 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 Alexandria Bay at $143,373, the typical annual property tax bill reaches $3,241, exceeding the national median of $2,690. Property taxes in Alexandria Bay 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 Alexandria Bay'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 Alexandria Bay or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alexandria Bay, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$2,767
$2,568
Ownwell’s Alexandria Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexandria Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexandria Bay 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 Alexandria Bay, New York
Property taxes in Alexandria Bay, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexandria Bay is 1.93%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Alexandria Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexandria Bay 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 Alexandria Bay's effective property tax rate to other counties in New York and the national median. For comparison, the 13607 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Alexandria Bay provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexandria Bay Tax Rate
1.93%
Average Jefferson County Tax Rate
1.81%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexandria Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13607 | 1.64% | 1.93% | 1.93% | 2.77% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Alexandria Bay, New York
In Alexandria Bay, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Jefferson 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 Alexandria Bay, 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. The median home price in Alexandria Bay is $143,373. The 25th percentile tax bill is $2,027, while the 75th percentile tax bill is $5,584. The highest median tax bill in the area is $3,241, found in the 13607 zip code. Being aware of these valuation processes in Alexandria Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Alexandria Bay, New York
Source: Ownwell
$31,915
$230,779
$429,643
Average Alexandria Bay Assessed Value
$143,373
Average Jefferson County Assessed Value
$134,468
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexandria Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13607 | $52,192 | $89,699 | $143,373 | $296,448 | $529,301 |
Source: Ownwell
Property Tax Bills Across Alexandria Bay, New York
In Alexandria Bay, NY, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the home. For instance, the median home price in Alexandria Bay is $143,373. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any improvements or renovations made to the property. Homeowners in Alexandria Bay can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $2,027, while the 75th percentile is approximately $5,584. At the higher end, the 90th percentile tax bill reaches up to $9,919. These tax bills can have a substantial impact on homeowners, influencing decisions such as buying, selling, or making improvements to their properties. Compared to the national median property tax rate of 0.99%, Alexandria Bay's rates can be quite variable, reflecting the diverse property values and local economic conditions.
Average Alexandria Bay Tax Bill
$3,241
Average Jefferson County Tax Bill
$2,407
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexandria Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13607 | $1,031 | $2,027 | $3,241 | $5,584 | $9,919 |
Source: Ownwell