Pierrepont Manor, New York Property Taxes
The median property tax rate in Pierrepont Manor, NY is 2.33%, 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 Pierrepont Manor at $99,826, the typical annual property tax bill reaches $2,319, which is below the national median of $2,690. Property taxes in Pierrepont Manor are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pierrepont Manor'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 Pierrepont Manor 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
Pierrepont Manor, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$2,326
$2,158
Ownwell’s Pierrepont Manor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pierrepont Manor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pierrepont Manor 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 Pierrepont Manor, New York
Property taxes in Pierrepont Manor, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pierrepont Manor is 2.33%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pierrepont Manor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pierrepont Manor 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 Pierrepont Manor's effective property tax rate to other counties in New York and the national median. For comparison, the 13674 zip code has the highest median property tax rate of 2.33%, while the same zip code also has the lowest median tax rate of 2.33%. Understanding how these cities compare with Pierrepont Manor 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 Pierrepont Manor Tax Rate
2.33%
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 Pierrepont Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13674 | 2.20% | 2.29% | 2.33% | 2.36% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Pierrepont Manor, New York
In Pierrepont Manor, 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 Pierrepont Manor, 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 Pierrepont Manor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,319, found in zip code 13674.
Property Tax Assessment Values Across Pierrepont Manor, New York
Source: Ownwell
$31,915
$230,779
$429,643
Average Pierrepont Manor Assessed Value
$99,826
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 Pierrepont Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13674 | $86,826 | $93,198 | $99,826 | $108,982 | $115,977 |
Source: Ownwell
Property Tax Bills Across Pierrepont Manor, New York
In Pierrepont Manor, Jefferson County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Pierrepont Manor is $99,826. With property tax rates in Jefferson County, homeowners can expect a median tax bill around $2,319. Several factors influence the final tax bill, including property characteristics, improvements, and market conditions. Homeowners in the 25th percentile pay around $2,176, while those in the 75th percentile pay approximately $2,348, and in the 90th percentile, the tax bill can reach up to $2,565. These variations show how different property values and assessment details can impact the tax amount. Compared to the national median property tax rate of 0.99%, Pierrepont Manor's rates reflect the local economic and real estate conditions, directly affecting homeowners' annual financial obligations.
Average Pierrepont Manor Tax Bill
$2,319
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 Pierrepont Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13674 | $1,975 | $2,176 | $2,319 | $2,348 | $2,565 |
Source: Ownwell