Three Mile Bay, Jefferson County, New York Property Taxes
Median Three Mile Bay, NY effective property tax rate: 1.77%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Three Mile Bay, NY home value: $131,383
Median annual Three Mile Bay, NY tax bill: $2,289, $111 lower than the national median property tax bill of $2,400.
How are property taxes in Jefferson County calculated?
Property taxes in Three Mile Bay, 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 Three Mile Bay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Three Mile Bay, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Three Mile Bay, Jefferson County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.77%
Estimate Property Tax Bill
$2,325
$2,158
Property Tax Rates Across Three Mile Bay, Jefferson County, New York
Local government entities set property tax rates, which can vary widely within New York. Each county, including Jefferson, estimates its required budget for services and divides it by the total value of all taxable property within its jurisdiction to determine the property tax rate. This annual process involves votes and laws but is fundamentally about balancing budgets with property values.
In Three Mile Bay, located in Jefferson County, the effective property tax rate is a notable figure to consider. While the national median property tax rate stands at 1.02%, New York's rates can be significantly higher. Three Mile Bay's rate is reflective of the state's median, which is above the national average. This can result in higher property tax bills compared to many other regions across the United States.
Understanding these rates is crucial for property owners, as they directly impact annual tax bills. With New York's property tax rate being among the highest in the nation, property owners in Three Mile Bay should be aware of the potential for high property tax obligations. Comparing local rates to state and national figures can provide valuable context for financial planning and property investment decisions.
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 Three Mile Bay Tax Rate
1.77%
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 Three Mile Bay, Jefferson County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13693 | 1.77% | 1.77% | 1.77% | 1.77% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Three Mile Bay, Jefferson County, New York
When examining property taxes in Three Mile Bay, 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 Three Mile Bay. For example, the median home price in Three Mile Bay is $131,383, with tax bills ranging significantly across the county. 13693 has the highest median home price at $131,383.
Property Tax Assessment Values Across Three Mile Bay, Jefferson County, New York
Source: Ownwell
$31,915
$230,779
$429,643
Median Three Mile Bay Market Value
$131,383
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 Three Mile Bay, Jefferson County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13693 | $27,713 | $81,702 | $131,383 | $181,224 | $260,638 |
Source: Ownwell
Property Tax Bills Across Three Mile Bay, Jefferson County, New York
Median Three Mile Bay Tax Bill
$2,289
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 Three Mile Bay, Jefferson County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13693 | $448 | $1,401 | $2,289 | $3,158 | $4,526 |
Source: Ownwell