Wellesley Island, Jefferson County, New York Property Taxes

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

Median Wellesley Island, NY effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Wellesley Island, NY home value: $278,072
Median annual Wellesley Island, NY tax bill: $4,873, $2,473 higher than the national median property tax bill of $2,400.

How are property taxes in Jefferson County calculated?

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

Last Updated March 1, 2025

Wellesley Island, Jefferson County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.65%

Estimate Property Tax Bill

$4,588

$4,258

Ownwell’s Wellesley Island Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wellesley Island with just two data points.

By entering your property's estimated assessed value, our calculator applies Wellesley Island’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 Wellesley Island, Jefferson County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Wellesley Island’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Wellesley Island, located in Jefferson County, has a property tax rate of 1.65%, which is significantly higher than the national median of 1.02%. This rate is reflective of the county's need to meet its budgetary requirements for public services. Despite the higher rate, residents benefit from the essential services funded by these taxes. It's important for property owners to understand how these rates are determined and the impact they have on their annual tax bills, which can vary greatly depending on local government decisions and the assessed value of their properties.

Property Tax Rates Across Wellesley Island, 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 Wellesley Island Tax Rate

1.65%

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 Wellesley Island, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13640	1.64%	1.64%	1.65%	1.93%	1.93%

Source: Ownwell

Property Tax Assessment Values Across Wellesley Island, Jefferson County, New York

When examining property taxes in Wellesley Island, 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.

Assessment notices: 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 Wellesley Island. For example, the median home price in Wellesley Island is $278,072, with tax bills ranging significantly across the county. 13640 has the highest median home price at $278,072.

Property Tax Assessment Values Across Wellesley Island, Jefferson County, New York

Source: Ownwell

$31,915

$230,779

$429,643

Median Wellesley Island Market Value

$278,072

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 Wellesley Island, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13640	$93,436	$169,122	$278,072	$421,476	$602,687

Source: Ownwell

Property Tax Bills Across Wellesley Island, Jefferson County, New York

In Wellesley Island, located in Jefferson County, NY, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $278,072, and the property tax rate is applied to this assessed value to calculate the tax bill. Homeowners in Wellesley Island experience a median property tax bill of $4,873, which is notably higher than the national median of $2,400. Tax bills can vary significantly, with the 25th percentile at $2,834 and the 90th percentile reaching $11,078. This variance is due to factors like property size, location, and improvements. High property taxes can be a burden for homeowners, but Ownwell offers a solution. By providing property tax appeal and exemption services, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. With expertise in navigating local tax regulations, Ownwell can identify opportunities for savings, making homeownership more affordable in Wellesley Island.

Property Tax Bills Across Wellesley Island, Jefferson County, New York

Source: Ownwell

$522

$4,139

$7,755

Median Wellesley Island Tax Bill

$4,873

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 Wellesley Island, Jefferson County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13640	$1,543	$2,834	$4,873	$7,465	$11,078

Source: Ownwell