Thousand Island Park, Jefferson County, New York Property Taxes

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

Median Thousand Island Park, NY effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Thousand Island Park, NY home value: $31,915
Median annual Thousand Island Park, NY tax bill: $522, $1,878 lower than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Thousand Island Park, Jefferson County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.64%

Estimate Property Tax Bill

$523

$486

Ownwell’s Thousand Island Park Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thousand Island Park with just two data points. By entering your property's estimated assessed value, our calculator applies Thousand Island Park’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 Thousand Island Park, Jefferson County, New York

Local government entities are responsible for setting tax rates, which can vary widely within a state. Annually, each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process. Thousand Island Park in Jefferson County, NY, exemplifies this system. The effective property tax rate here can be compared to other cities in New York and the median property tax rates in the state and the U.S. Jefferson County's median tax rate is notably higher than the national median of 1.02%, reflecting the unique budgetary needs and property values in this area. Understanding these variances can help property owners better navigate their tax liabilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Thousand Island Park, 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 Thousand Island Park Tax Rate

1.64%

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 Thousand Island Park, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13692	1.64%	1.64%	1.64%	1.64%	1.64%

Source: Ownwell

Property Tax Assessment Values Across Thousand Island Park, Jefferson County, New York

When examining property taxes in Thousand Island Park, 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 May. 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 Thousand Island Park.

For example, the median home price in Thousand Island Park is $31,915, with tax bills ranging significantly across the county. The zip code 13692 has the highest median home price at $31,915.

Property Tax Assessment Values Across Thousand Island Park, Jefferson County, New York

Source: Ownwell

$31,915

$230,779

$429,643

Median Thousand Island Park Market Value

$31,915

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 Thousand Island Park, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13692	$12,192	$21,064	$31,915	$48,830	$90,958

Source: Ownwell

Property Tax Bills Across Thousand Island Park, Jefferson County, New York

In Thousand Island Park, Jefferson County, NY, property tax bills are calculated based on the assessed value of your home. This value is determined by the local assessor and reflects the market value of the property. The property tax rate is then applied to this assessed value to calculate the tax bill. Factors such as local tax levies and exemptions can influence the final amount. In this region, the median home price is $31,915, resulting in a median tax bill of $522, which is significantly lower than the national median property tax bill of $2,400. However, tax bills can vary, with the 25th percentile at $345 and the 90th percentile reaching $1,566. For homeowners, these taxes represent a significant expense, and understanding how they are calculated is crucial. Ownwell can assist homeowners by identifying potential errors in assessments or uncovering eligible exemptions, ensuring you pay only what's necessary. By leveraging Ownwell's expertise, homeowners can potentially reduce their property tax bills and save money.

Property Tax Bills Across Thousand Island Park, Jefferson County, New York

Source: Ownwell

$522

$4,139

$7,755

Median Thousand Island Park Tax Bill

$522

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 Thousand Island Park, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13692	$200	$345	$522	$818	$1,566

Source: Ownwell