Natural Bridge, Jefferson County, New York Property Taxes
Median Natural Bridge, NY effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Natural Bridge, NY home value: $82,450
Median annual Natural Bridge, NY tax bill: $1,819, $581 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson calculated?
Property taxes in Natural Bridge, 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 Natural Bridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Natural Bridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Natural Bridge, Jefferson County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.97%
Estimate Property Tax Bill
$1,624
$1,507
Property Tax Rates Across Natural Bridge, Jefferson County, New York
Local government entities are responsible for setting tax rates, leading to significant variations within a state. The process involves estimating the required budget for public services and dividing it by the total assessed value of all taxable property within the county. This calculation determines the property tax rate. Although votes and legal stipulations play a role in setting these rates and budgets, this is the essence of the annual process.
In Natural Bridge, located in Jefferson County, the effective property tax rate reflects this localized approach. Compared to the national median property tax rate of 1.02%, the rate here is notably higher. This can impact homeowners, as property taxes are a significant component of homeownership costs. The local rate also contrasts with the median property tax rates across New York and the U.S., highlighting the importance of understanding local tax obligations. For homeowners in Natural Bridge, navigating these rates is crucial for effective financial planning and ensuring compliance with local tax requirements.
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 Natural Bridge Tax Rate
1.97%
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 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 Natural Bridge, Jefferson County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13665 | 1.82% | 1.93% | 1.97% | 2.08% | 2.73% |
Source: Ownwell
Property Tax Assessment Values Across Natural Bridge, Jefferson County, New York
When examining property taxes in Natural Bridge, 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 Natural Bridge. For example, the median home price in Natural Bridge is $82,450, with tax bills ranging significantly across the county. 13665 has the highest median home price at $82,450.
Property Tax Assessment Values Across Natural Bridge, Jefferson County, New York
Source: Ownwell
$31,915
$230,779
$429,643
Median Natural Bridge Market Value
$82,450
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 Natural Bridge, Jefferson County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13665 | $27,750 | $45,000 | $82,450 | $120,250 | $160,530 |
Source: Ownwell
Property Tax Bills Across Natural Bridge, Jefferson County, New York
Median Natural Bridge Tax Bill
$1,819
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 Natural Bridge, Jefferson County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13665 | $603 | $1,097 | $1,819 | $2,364 | $3,007 |
Source: Ownwell