Marietta, New York Property Taxes
The median property tax rate in Marietta, NY is 3.09%, 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 Marietta at $183,647, the typical annual property tax bill reaches $5,787, exceeding the national median of $2,690. Property taxes in Marietta 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 Marietta'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 Marietta 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
Marietta, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.09%
Estimate Property Tax Bill
$5,675
$5,266
Ownwell’s Marietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marietta 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 Marietta, New York
Property taxes in Marietta, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marietta is 3.09%, significantly higher than the U.S. national median of 0.99%. Local government entities within Marietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marietta 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 Marietta's effective property tax rate to other counties in New York and the national median. For comparison, the 13110 zip code has the highest median property tax rate of 3.09%, while the same zip code also has the lowest median tax rate of 3.09%. Understanding how these areas compare with Marietta 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 Marietta Tax Rate
3.09%
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 Marietta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13110 | 2.86% | 3.00% | 3.09% | 3.21% | 3.35% |
Source: Ownwell
Property Tax Assessment Values Across Marietta, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marietta, NY. 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 Marietta, 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 example, the highest median tax bill in the area is $5787 in zip code 13110. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marietta Assessed Value
$183,647
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 Marietta, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13110 | $54,235 | $130,742 | $183,647 | $248,353 | $324,824 |
Source: Ownwell
Property Tax Bills Across Marietta, New York
In Marietta, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the size of the property, location, and any improvements or renovations. In Marietta, homeowners experience a range of property tax bills. The 25th percentile tax bill is $4,041, while the 75th percentile tax bill is $7,831. At the higher end, the 90th percentile tax bill reaches $10,088. Compared to the national median property tax rate of 0.99%, Marietta's property taxes can be significantly higher, impacting homeowners by increasing their annual housing costs. This can influence decisions on homeownership and investment in property improvements.
Average Marietta Tax Bill
$5,787
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 Marietta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13110 | $1,798 | $4,041 | $5,787 | $7,831 | $10,088 |
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 |