Syracuse, New York Property Taxes
The median property tax rate in Syracuse, NY is 1.93%, 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 Syracuse at $117,143, the typical annual property tax bill reaches $1,997, which, while below the national median of $2,690, still represents a significant expense for homeowners. Property taxes in Syracuse are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Syracuse'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 Syracuse 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
Syracuse, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$2,261
$2,235
Ownwell’s Syracuse Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Syracuse with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Syracuse to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan accordingly. For those interested in more granular insights, additional localized information is available. Your property’s assessed value, determined by Onondaga County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Syracuse, New York
Property taxes in Syracuse, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Syracuse is 1.93%, significantly higher than the U.S. national median of 0.99%. Local government entities within Syracuse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Syracuse 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 Syracuse's effective property tax rate to other areas in Onondaga County and the national median. For comparison, the 13211 zip code has the highest median property tax rate of 4.29%, while the 13210 zip code has the lowest median tax rate of 1.14%. Understanding how these areas compare with Syracuse 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 Syracuse Tax Rate
1.93%
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 Syracuse, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13202 | 0.98% | 1.06% | 1.26% | 1.52% | 2.20% |
| 13203 | 0.95% | 1.11% | 1.35% | 1.58% | 1.84% |
| 13204 | 1.17% | 1.28% | 1.47% | 1.78% | 2.18% |
| 13205 | 1.09% | 1.25% | 1.51% | 1.84% | 3.16% |
| 13206 | 1.07% | 1.16% | 1.26% | 1.39% | 4.24% |
| 13207 | 1.03% | 1.14% | 1.30% | 1.45% | 1.70% |
| 13208 | 1.18% | 1.27% | 1.45% | 1.84% | 4.99% |
| 13209 | 3.35% | 3.63% | 4.17% | 4.40% | 4.61% |
| 13210 | 0.98% | 1.07% | 1.14% | 1.29% | 1.48% |
| 13211 | 3.99% | 4.16% | 4.29% | 4.40% | 4.56% |
| 13212 | 3.27% | 3.44% | 3.68% | 3.90% | 4.01% |
| 13214 | 1.05% | 1.24% | 3.80% | 3.88% | 3.96% |
| 13215 | 2.87% | 3.03% | 3.12% | 3.28% | 3.37% |
| 13219 | 3.30% | 3.61% | 3.79% | 4.08% | 4.19% |
| 13224 | 0.96% | 1.05% | 1.22% | 1.44% | 3.83% |
Source: Ownwell
Property Tax Assessment Values Across Syracuse, New York
In Syracuse, 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 Syracuse, 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. The highest median tax bill in Syracuse is $7,089 in the 13215 zip code, while the lowest is $1,086 in the 13205 zip code. 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 Syracuse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Syracuse Assessed Value
$117,143
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 Syracuse, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13202 | $43,478 | $60,870 | $82,391 | $174,928 | $211,667 |
| 13203 | $56,522 | $72,464 | $91,304 | $137,681 | $222,464 |
| 13204 | $40,580 | $55,072 | $75,362 | $101,449 | $127,101 |
| 13205 | $43,478 | $55,072 | $72,464 | $97,486 | $117,179 |
| 13206 | $80,300 | $93,913 | $108,551 | $127,391 | $144,928 |
| 13207 | $56,522 | $72,464 | $92,319 | $123,188 | $157,971 |
| 13208 | $57,971 | $72,754 | $90,800 | $104,783 | $120,290 |
| 13209 | $84,143 | $105,857 | $128,866 | $168,364 | $210,286 |
| 13210 | $76,856 | $108,696 | $142,826 | $173,913 | $234,783 |
| 13211 | $83,230 | $92,400 | $101,500 | $111,400 | $128,000 |
| 13212 | $103,293 | $116,766 | $134,731 | $165,000 | $211,470 |
| 13214 | $126,044 | $144,928 | $184,100 | $213,775 | $239,130 |
| 13215 | $132,821 | $173,077 | $226,666 | $301,282 | $383,718 |
| 13219 | $115,385 | $132,286 | $151,124 | $185,567 | $213,971 |
| 13224 | $84,058 | $101,449 | $146,377 | $207,496 | $297,101 |
Source: Ownwell
Property Tax Bills Across Syracuse, New York
In Syracuse, located in Onondaga County, NY, 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 and represents a percentage of the property's market value. This value is then multiplied by the tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and condition. Homeowners in Syracuse face a range of property tax bills, with the 25th percentile at $1,219 and the 75th percentile at $5,276. The highest median tax bill in the area is $7,089 in the 13215 zip code, while the lowest is $1,086 in the 13205 zip code. The property tax rate in Syracuse can significantly impact homeowners, as it is higher than the national median property tax rate of 0.99%. This means that homeowners in Syracuse may pay more in property taxes compared to the national average, affecting their overall cost of living.
Average Syracuse Tax Bill
$1,997
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 Syracuse, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13202 | $748 | $975 | $1,155 | $1,809 | $2,029 |
| 13203 | $882 | $1,057 | $1,266 | $1,632 | $2,223 |
| 13204 | $767 | $952 | $1,144 | $1,379 | $1,679 |
| 13205 | $778 | $894 | $1,086 | $1,295 | $2,087 |
| 13206 | $1,033 | $1,189 | $1,370 | $1,641 | $4,494 |
| 13207 | $859 | $1,033 | $1,202 | $1,474 | $1,730 |
| 13208 | $894 | $1,080 | $1,266 | $1,602 | $4,827 |
| 13209 | $3,584 | $4,150 | $5,096 | $6,701 | $8,447 |
| 13210 | $1,033 | $1,324 | $1,614 | $1,904 | $2,484 |
| 13211 | $3,628 | $3,973 | $4,312 | $4,718 | $5,336 |
| 13212 | $3,847 | $4,284 | $4,982 | $5,970 | $7,354 |
| 13214 | $1,544 | $2,484 | $6,492 | $7,970 | $8,891 |
| 13215 | $3,474 | $5,042 | $7,089 | $9,509 | $12,178 |
| 13219 | $4,313 | $4,992 | $5,726 | $6,976 | $8,094 |
| 13224 | $1,068 | $1,254 | $1,614 | $2,542 | $9,708 |
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 |