Murray Isle, Jefferson County, New York Property Taxes

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

Median Murray Isle, NY effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Murray Isle, NY home value: $337,429
Median annual Murray Isle, NY tax bill: $5,777, $3,377 higher than the national median property tax bill of $2,400.

How are property taxes in Jefferson calculated?

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

Last Updated March 1, 2025

Murray Isle, Jefferson County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.73%

Estimate Property Tax Bill

$5,838

$5,417

Ownwell’s Murray Isle Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Murray Isle with just two data points. By entering your property's estimated assessed value, our calculator applies Murray Isle’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Murray Isle, 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. Below, you can compare Murray Isle’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Murray Isle, located in Jefferson County, has a median property tax rate of 1.73%, which is notably higher than the national median of 1.02%. This means that homeowners in Murray Isle may find themselves paying more in property taxes compared to the average U.S. homeowner. Understanding these rates is crucial for homeowners looking to manage their property expenses effectively. By considering these factors, residents can make informed decisions about property ownership and potential appeals or exemptions.

Property Tax Rates Across Murray Isle, 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 Murray Isle Tax Rate

1.73%

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 Murray Isle, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13624	1.73%	1.73%	1.73%	1.73%	1.73%

Source: Ownwell

Property Tax Assessment Values Across Murray Isle, Jefferson County, New York

When examining property taxes in Murray Isle, 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.

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 Murray Isle. For example, the median home price in Murray Isle is $337,429, with tax bills ranging significantly across the county. The zip code 13624 has the highest median home price at $337,429.

Property Tax Assessment Values Across Murray Isle, Jefferson County, New York

Source: Ownwell

$31,915

$230,779

$429,643

Median Murray Isle Market Value

$337,429

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 Murray Isle, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13624	$174,190	$239,762	$337,429	$461,608	$633,333

Source: Ownwell

Property Tax Bills Across Murray Isle, Jefferson County, New York

In Murray Isle, Jefferson County, NY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. This means that the assessed value, which is an estimate of the property's market value, plays a crucial role in the final tax bill. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Murray Isle face a median property tax bill of $5,777, significantly higher than the national median of $2,400. With tax bills ranging from $4,127 at the 25th percentile to $11,022 at the 90th percentile, the financial impact on homeowners can be substantial.

Ownwell assists homeowners by analyzing their property's assessed value to identify potential discrepancies or overvaluations. By appealing these assessments, Ownwell can help reduce the tax burden, ensuring homeowners aren't overpaying. This service can lead to significant savings, providing relief in a region where property tax bills are notably higher than the national average.

Property Tax Bills Across Murray Isle, Jefferson County, New York

Source: Ownwell

$522

$4,139

$7,755

Median Murray Isle Tax Bill

$5,777

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 Murray Isle, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13624	$2,995	$4,127	$5,777	$7,976	$11,022

Source: Ownwell