Clayton, New York Property Taxes
The median property tax rate in Clayton, NY is 1.81%, 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 Clayton, the typical annual property tax bill reaches $3,911, exceeding the national median of $2,690. Property taxes in Clayton 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 Clayton'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 Clayton 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
Clayton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$3,448
$3,409
Ownwell’s Clayton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Clayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clayton 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 Clayton, New York
Property taxes in Clayton, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 1.81%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in New York and the national median. For comparison, the 13624 zip code has both the highest and lowest median property tax rate of 1.81%. Understanding how these cities compare with Clayton 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 Clayton Tax Rate
1.81%
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 Clayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13624 | 1.73% | 1.81% | 1.81% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, New York
In Clayton, 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 Clayton, 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. The median home price in Clayton is $190,476, with tax bills ranging significantly. The 25th percentile tax bill is $2,458, while the 75th percentile tax bill is $6,046, and the 90th percentile tax bill reaches $9,897. The zip code with the highest and lowest median tax bill is 13624, both at $3,911. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clayton Assessed Value
$190,476
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 Clayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13624 | $71,429 | $125,536 | $190,476 | $315,476 | $507,369 |
Source: Ownwell
Property Tax Bills Across Clayton, New York
In Clayton, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and is a percentage of the market value of the home. For instance, with a median home price of $190,476, the assessed value provides the foundation for calculating the tax bill. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Clayton can expect tax bills to vary significantly. The 25th percentile tax bill is around $2,458, while the 75th percentile reaches approximately $6,046. For those in the 90th percentile, tax bills can soar to $9,897. Compared to the national median property tax rate of 0.99%, Clayton's property taxes can be relatively high, impacting homeowners by adding substantial annual costs. Understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Clayton Tax Bill
$3,911
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 Clayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13624 | $1,340 | $2,458 | $3,911 | $6,046 | $9,897 |
Source: Ownwell