La Fargeville, New York Property Taxes
The median property tax rate in LA FARGEVILLE, NY is 1.64%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in LA FARGEVILLE at $117,349, the typical annual property tax bill reaches $1,963, which is below the national median of $2,690. Property taxes in LA FARGEVILLE 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 LA FARGEVILLE'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 LA FARGEVILLE 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
La Fargeville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,925
$1,786
Ownwell’s LA FARGEVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA FARGEVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA FARGEVILLE 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 La Fargeville, New York
Property taxes in LA FARGEVILLE, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA FARGEVILLE is 1.64%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within LA FARGEVILLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA FARGEVILLE 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 LA FARGEVILLE's effective property tax rate to other counties in New York and the national median. For comparison, the 13656 zip code has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these figures compare with LA FARGEVILLE 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 La Fargeville Tax Rate
1.64%
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 La Fargeville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13656 | 1.58% | 1.64% | 1.64% | 1.71% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across La Fargeville, New York
In LA FARGEVILLE, 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 Assessment Office 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 LA FARGEVILLE, 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 example, the median home price is $117,349, with tax bills ranging from $1,332 at the 25th percentile to $3,798 at the 90th percentile. The highest and lowest median tax bills both stand at $1,963 in the 13656 zip code. 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 LA FARGEVILLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average La Fargeville Assessed Value
$117,349
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 La Fargeville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13656 | $46,596 | $80,160 | $117,349 | $165,630 | $224,468 |
Source: Ownwell
Property Tax Bills Across La Fargeville, New York
In LA FARGEVILLE, Jefferson County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in this area see a range of tax bills, with the 25th percentile at $1,332 and the 75th percentile at $2,713. At the 90th percentile, tax bills can reach up to $3,798. The median home price in LA FARGEVILLE is $117,349, which helps contextualize these tax amounts. Compared to the national median property tax rate of 0.99%, Jefferson County's rates can significantly impact homeowners, especially when local rates are higher. For instance, the highest median tax bill recorded in the area is $1,963, reflecting the specific zip code 13656. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly influencing the quality of life for residents.
Average La Fargeville Tax Bill
$1,963
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 La Fargeville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13656 | $764 | $1,332 | $1,963 | $2,713 | $3,798 |
Source: Ownwell