Elbridge, New York Property Taxes
The median property tax rate in Elbridge, NY is 3.06%, 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 Elbridge, the typical annual property tax bill reaches $5,161, exceeding the national median of $2,690. Property taxes in Elbridge 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 Elbridge'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 Elbridge 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
Elbridge, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.06%
Estimate Property Tax Bill
$5,100
$4,733
Ownwell’s Elbridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elbridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elbridge 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 Elbridge, New York
Property taxes in Elbridge, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elbridge is 3.06%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Elbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elbridge 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 Elbridge's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13060 has the highest median property tax rate of 3.06%, while the same zip code also has the lowest median tax rate of 3.06%. Understanding how these cities compare with Elbridge provides valuable insights into the varying tax landscape across Onondaga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elbridge Tax Rate
3.06%
Average Onondaga County Tax Rate
3.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elbridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13060 | 2.81% | 3.01% | 3.06% | 3.29% | 3.35% |
Source: Ownwell
Property Tax Assessment Values Across Elbridge, New York
In Elbridge, 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 Onondaga 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 Elbridge, 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. For example, the median home price in Elbridge is $166,667, with tax bills ranging from $4,006 at the 25th percentile to $8,379 at the 90th percentile. The highest and lowest median tax bills are both $5,161, found in zip code 13060. By understanding 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 Elbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Elbridge Assessed Value
$166,667
Average Onondaga County Assessed Value
$152,577
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elbridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13060 | $97,880 | $128,235 | $166,667 | $210,000 | $276,118 |
Source: Ownwell
Property Tax Bills Across Elbridge, New York
In Elbridge, Onondaga County, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Elbridge face a median property tax bill of $5,161, which is significantly higher than the national median property tax rate of 0.99%. The tax bills in this area can vary widely, with the 25th percentile at $4,006 and the 75th percentile reaching $6,589. For those in the 90th percentile, tax bills can go up to $8,379. These property tax bills can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their ability to afford their homes. Understanding how these bills are calculated and what factors are considered can help homeowners better manage their finances and plan for future expenses.
Average Elbridge Tax Bill
$5,161
Average Onondaga County Tax Bill
$5,213
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Elbridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13060 | $3,082 | $4,006 | $5,161 | $6,589 | $8,379 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Onondaga Assessment Review Commission | |
| Website | onondaga.go2gov.net |