Depauville, New York Property Taxes
The median property tax rate in Depauville, NY is 2.15%, 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 Depauville, the typical annual property tax bill reaches $2,315, which is just below the national median of $2,690. Property taxes in Depauville 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 Depauville'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 Depauville 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
Depauville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$2,406
$2,233
Ownwell’s Depauville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Depauville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Depauville 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Depauville, New York
Property taxes in Depauville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Depauville is 2.15%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Depauville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Depauville 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. Understanding how these cities compare with Depauville 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 Depauville Tax Rate
2.15%
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 Depauville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13632 | 1.81% | 1.91% | 2.15% | 2.26% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Depauville, New York
In Depauville, 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 Depauville, 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 highest median tax bill in Depauville is $2,315 in the 13632 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Depauville Assessed Value
$111,904
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 Depauville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13632 | $49,762 | $81,547 | $111,904 | $142,857 | $157,500 |
Source: Ownwell
Property Tax Bills Across Depauville, New York
In Depauville, Jefferson County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the median home price, which is $111,904, play a significant role in these calculations. Homeowners in Depauville can expect tax bills that vary widely, with the 25th percentile at $1,866 and the 75th percentile reaching $2,875. For those at the 90th percentile, the tax bill can be as high as $3,283. Compared to the national median property tax rate of 0.99%, homeowners in Depauville experience a relatively higher tax burden. This can significantly affect their annual expenses, making it essential for them to be aware of exemptions and appeal processes to potentially lower their tax bills. The highest and lowest median tax bills in the area are both $2,315, indicating a consistent tax rate across different properties.
Average Depauville Tax Bill
$2,315
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 Depauville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13632 | $1,133 | $1,866 | $2,315 | $2,875 | $3,283 |
Source: Ownwell