Skaneateles, New York Property Taxes
The median property tax rate in Skaneateles, NY is 1.80%, 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 Skaneateles, the typical annual property tax bill reaches $7,075, exceeding the national median of $2,690. Property taxes in Skaneateles 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 Skaneateles'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 Skaneateles 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
Skaneateles, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$6,734
$6,658
Ownwell’s Skaneateles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Skaneateles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Skaneateles 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 Skaneateles, New York
Property taxes in Skaneateles, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Skaneateles is 1.80%, significantly higher than the U.S. national median of 0.99%. Local government entities within Skaneateles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Skaneateles 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 Skaneateles' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13152 has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with Skaneateles 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 Skaneateles Tax Rate
1.80%
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 Skaneateles, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13152 | 1.73% | 1.73% | 1.80% | 1.96% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Skaneateles, New York
In Skaneateles, 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 Assessment Office 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 Skaneateles, 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. Being aware of these valuation processes in Skaneateles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Skaneateles, the highest and lowest median tax bills are both $7,075 in the 13152 zip code.
Average Skaneateles Assessed Value
$374,133
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 Skaneateles, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13152 | $177,920 | $253,656 | $374,133 | $633,333 | $1,033,333 |
Source: Ownwell
Property Tax Bills Across Skaneateles, New York
In Skaneateles, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. This rate can vary depending on the needs of the city, county, and school district budgets. Several factors influence the final tax bill, including property improvements, neighborhood changes, and local government requirements. For example, the median home price in Skaneateles is $374,133, and the median tax bill for the area is $7,075. However, tax bills can range significantly; the 25th percentile tax bill is $4,716, while the 75th percentile tax bill reaches $11,449, and the 90th percentile can go up to $18,585. These variations can significantly impact homeowners, making it crucial to understand how local assessments and tax rates influence overall costs.
Average Skaneateles Tax Bill
$7,075
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 Skaneateles, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13152 | $3,278 | $4,716 | $7,075 | $11,449 | $18,585 |
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 |