Port Leyden, New York Property Taxes
The median property tax rate in Port Leyden, NY is 2.53%, 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 Port Leyden at $75,600, the typical annual property tax bill reaches $2,093, which, while below the national median of $2,690, is still significant given the local property values. Property taxes in Port Leyden 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 Port Leyden'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 Port Leyden 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
Port Leyden, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$1,913
$1,891
Ownwell’s Port Leyden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Leyden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Leyden 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 Port Leyden, New York
Property taxes in Port Leyden, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Leyden is 2.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Port Leyden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Leyden 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 Port Leyden's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13433 has both the highest and lowest median property tax rate of 2.53%. Understanding how these rates compare with Port Leyden provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Leyden Tax Rate
2.53%
Average Lewis County Tax Rate
2.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Leyden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13433 | 2.42% | 2.42% | 2.53% | 3.18% | 3.22% |
Source: Ownwell
Property Tax Assessment Values Across Port Leyden, New York
In Port Leyden, 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 Lewis 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 Port Leyden, 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. For instance, the median home price in Port Leyden is $75,600, with annual tax bills ranging from $1,186 at the 25th percentile to $4,062 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,093, found in the 13433 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Leyden Assessed Value
$75,600
Average Lewis County Assessed Value
$102,300
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Leyden, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13433 | $26,980 | $46,100 | $75,600 | $108,700 | $162,240 |
Source: Ownwell
Property Tax Bills Across Port Leyden, New York
In Port Leyden, located in Lewis County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, the median home price in Port Leyden is $75,600. The property tax rate in this area is relatively high compared to the national median property tax rate of 0.99%. Homeowners in Port Leyden can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $1,186, while at the 75th percentile, it can rise to $2,949. For those at the 90th percentile, the tax bill can reach as high as $4,062. These tax bills are influenced by various factors, including changes in property values and local government budgets. The highest median tax bill recorded in the area is $2,093, found in the 13433 zip code. High property taxes can impact homeowners by increasing their annual expenses, potentially affecting their financial planning and home affordability.
Average Port Leyden Tax Bill
$2,093
Average Lewis County Tax Bill
$2,429
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Leyden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13433 | $698 | $1,186 | $2,093 | $2,949 | $4,062 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Lewis Assessment Review Commission | |
| Website | lewiscountyny.gov |