Deferiet, New York Property Taxes
The median property tax rate in Deferiet, NY is 2.45%, 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 Deferiet at $104,800, the typical annual property tax bill reaches $2,561, which is just below the national median of $2,690. Property taxes in Deferiet 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 Deferiet'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 Deferiet or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deferiet, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$2,568
$2,383
Ownwell’s Deferiet Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Deferiet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deferiet 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 Deferiet, New York
Property taxes in Deferiet, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deferiet is 2.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Deferiet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deferiet 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 Deferiet's effective property tax rate to other counties in New York and the national median. For comparison, the 13628 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Deferiet 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 Deferiet Tax Rate
2.45%
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 Deferiet, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13628 | 2.33% | 2.45% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Deferiet, New York
In Deferiet, 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 Deferiet, 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. For instance, the median home price in Deferiet is $104,800, with tax bills ranging from $2,273 at the 25th percentile to $3,541 at the 90th percentile. The zip code 13628 has both the highest and lowest median tax bill at $2,561. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Deferiet Assessed Value
$104,800
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 Deferiet, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13628 | $81,700 | $94,500 | $104,800 | $119,425 | $145,250 |
Source: Ownwell
Property Tax Bills Across Deferiet, New York
In Deferiet, located in Jefferson County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or abatements play a crucial role in this calculation. For instance, the median home price in Deferiet is $104,800. Homeowners in the 25th percentile can expect a tax bill of around $2,273, while those in the 75th percentile might see bills closer to $2,843. The 90th percentile tax bill can go up to $3,541. The median property tax rate in this area is notably higher than the national median of 0.99%, which can significantly impact homeowners' annual expenses. Understanding these factors can help residents anticipate their financial obligations and plan accordingly.
Average Deferiet Tax Bill
$2,561
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 Deferiet, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13628 | $1,861 | $2,273 | $2,561 | $2,843 | $3,541 |
Source: Ownwell