Sackets Harbor, New York Property Taxes
The median property tax rate in Sackets Harbor, NY is 2.13%, 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 Sackets Harbor at $192,202, the typical annual property tax bill reaches $4,011, exceeding the national median of $2,690. Property taxes in Sackets Harbor 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 Sackets Harbor'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 Sackets Harbor 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
Sackets Harbor, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$4,094
$4,048
Ownwell’s Sackets Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sackets Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sackets Harbor 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 Sackets Harbor, New York
Property taxes in Sackets Harbor, NY, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Sackets Harbor is 2.13%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Sackets Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sackets Harbor 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 Sackets Harbor's effective property tax rate to other counties in New York and the national median. For comparison, the ZIP code 13685 has the highest median property tax rate of 2.13%, while the same ZIP code also has the lowest median tax rate of 2.13%. Understanding how these cities compare with Sackets Harbor 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 Sackets Harbor Tax Rate
2.13%
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 Sackets Harbor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13685 | 1.96% | 1.96% | 2.13% | 2.15% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Sackets Harbor, New York
In Sackets Harbor, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Sackets Harbor, 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 Sackets Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 13685 has both the highest and lowest median tax bill at $4,011, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Sackets Harbor, New York
Source: Ownwell
$31,915
$230,779
$429,643
Average Sackets Harbor Assessed Value
$192,202
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 Sackets Harbor, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13685 | $65,309 | $128,959 | $192,202 | $272,084 | $362,572 |
Source: Ownwell
Property Tax Bills Across Sackets Harbor, New York
In Sackets Harbor, Jefferson County, NY, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, which is then multiplied by the local tax rate to arrive at the annual tax bill. Factors such as the home's market value, improvements, and local tax levies all play a role in determining the final assessment. Homeowners in Sackets Harbor face varying property tax bills, with the 25th percentile paying around $2,589 annually, while those in the 75th percentile pay approximately $5,560. At the higher end, the 90th percentile sees tax bills reaching up to $7,670. The median home price in the area stands at $192,202, reflecting the local real estate market and influencing the assessed values. These property tax bills significantly impact homeowners by affecting their overall housing costs. With the national median property tax rate at 0.99%, understanding local tax calculations is crucial for budgeting and financial planning.
Average Sackets Harbor Tax Bill
$4,011
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 Sackets Harbor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13685 | $1,310 | $2,589 | $4,011 | $5,560 | $7,670 |
Source: Ownwell