Dexter, New York Property Taxes
The median property tax rate in Dexter, NY is 1.86%, 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 Dexter, the typical annual property tax bill reaches $2,875, exceeding the national median of $2,690. Property taxes in Dexter 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 Dexter'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 Dexter 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
Dexter, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$2,625
$2,436
Ownwell’s Dexter Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Dexter. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Dexter to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more detailed insights, neighborhood-level trends are available further down the page. Your property’s assessed value, determined by Jefferson County, is used for property tax calculations and may account for any applicable exemptions.
Property Tax Rates Across Dexter, New York
Property taxes in Dexter, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dexter is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dexter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dexter 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 Dexter's effective property tax rate to other counties in New York and the national median. For comparison, the 13634 zip code, which includes Dexter, has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these cities compare with Dexter 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 Dexter Tax Rate
1.86%
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 Dexter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13634 | 1.83% | 1.86% | 1.86% | 2.12% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Dexter, New York
In Dexter, 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 Dexter, 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. Being aware of these valuation processes in Dexter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13634, with a tax bill of $2,875.
Average Dexter Assessed Value
$141,111
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 Dexter, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13634 | $48,889 | $95,000 | $141,111 | $206,111 | $292,333 |
Source: Ownwell
Property Tax Bills Across Dexter, New York
In Dexter, Jefferson County, NY, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The median home price in Dexter is $141,111. To calculate the tax bill, the assessed value is multiplied by the property tax rate set by the local government. This rate is influenced by various factors including local budget needs, school funding, and public services. For homeowners in Dexter, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $1,913, while at the 75th percentile, it reaches approximately $4,054. The 90th percentile sees tax bills as high as $5,751. The highest and lowest median tax bills in the region both stand at $2,875, indicating a consistent tax rate across different areas within the same zip code. Compared to the national median property tax rate of 0.99%, Dexter's tax bills reflect the specific fiscal requirements and property values of the area, impacting homeowners by directly influencing their annual financial obligations.
Average Dexter Tax Bill
$2,875
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 Dexter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13634 | $982 | $1,913 | $2,875 | $4,054 | $5,751 |
Source: Ownwell