Lorraine, Jefferson County, New York Property Taxes

Name: Property Tax Bills Across Lorraine, Jefferson County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lorraine, NY effective property tax rate: 2.30%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Lorraine, NY home value: $82,738
Median annual Lorraine, NY tax bill: $1,921, $479 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

Property taxes in Lorraine, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lorraine’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lorraine, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lorraine, Jefferson County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.3%

Estimate Property Tax Bill

$1,903

$1,766

Ownwell’s Lorraine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lorraine with just two data points. By entering your property's estimated assessed value, our calculator applies Lorraine’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Jefferson County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Jefferson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lorraine, Jefferson County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Lorraine in Jefferson County, NY, has a property tax rate significantly higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total assessed property values. Lorraine's effective tax rate stands out even within New York, where property taxes are generally higher than the national average. Comparing Lorraine's rate to other cities in New York and the U.S. highlights the diverse landscape of property taxation. Understanding these differences can empower property owners to make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Lorraine, Jefferson County, New York

Source: Ownwell

0.69%

1.59%

2.49%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lorraine Tax Rate

2.30%

Median Effective Jefferson County Tax Rate

1.81%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lorraine, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13659	2.30%	2.30%	2.30%	2.39%	2.41%

Source: Ownwell

Property Tax Assessment Values Across Lorraine, Jefferson County, New York

When examining property taxes in Lorraine, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Jefferson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Jefferson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lorraine. For example, the median home price in Lorraine is $82,738, with tax bills ranging significantly across the county. 13659 has the highest median home price at $82,738.

Property Tax Assessment Values Across Lorraine, Jefferson County, New York

Source: Ownwell

$31,915

$230,779

$429,643

Median Lorraine Market Value

$82,738

Median Jefferson County Market Value

$134,468

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lorraine, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13659	$28,929	$46,638	$82,738	$129,137	$182,190

Source: Ownwell

Property Tax Bills Across Lorraine, Jefferson County, New York

In Lorraine, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any improvements can influence the assessed value, impacting the final tax bill. Homeowners in Lorraine face a median property tax bill of $1,921, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as little as $1,124 and others as much as $4,211. This variability can place a financial strain on homeowners, especially when the assessed value does not accurately reflect the market value. Ownwell assists homeowners in reducing their property tax bills by providing expert property tax appeal services. By ensuring that assessments are fair and accurate, Ownwell helps homeowners potentially lower their tax obligations, offering significant savings and peace of mind.

Property Tax Bills Across Lorraine, Jefferson County, New York

Source: Ownwell

$522

$4,139

$7,755

Median Lorraine Tax Bill

$1,921

Median Jefferson County Tax Bill

$2,407

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Lorraine, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13659	$666	$1,124	$1,921	$3,036	$4,211

Source: Ownwell