Cleveland, New York Property Taxes
The median property tax rate in Cleveland, NY is 2.94%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Cleveland at $112,658, the typical annual property tax bill reaches $3,202, far exceeding the national median of $2,690. Property taxes in Cleveland 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 Cleveland'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 Cleveland 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
Cleveland, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.94%
Estimate Property Tax Bill
$3,312
$3,275
Ownwell’s Cleveland Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers in Cleveland, NY. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Cleveland to estimate your annual property tax bill. This convenient tool provides a clear understanding of your potential tax liabilities, making it easier to plan and budget accordingly. For those interested in more granular insights, further down the page, you can explore neighborhood-level trends and data. Your property’s assessed value, determined by Oswego County, is crucial for these calculations and considers any applicable exemptions.
Property Tax Rates Across Cleveland, New York
Property taxes in Cleveland, 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 Cleveland is 2.94%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13042 has the highest median property tax rate of 2.94%, while the same zip code also holds the lowest median tax rate of 2.94%. Understanding how these cities compare with Cleveland provides valuable insights into the varying tax landscape across Oswego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
2.94%
Average Oswego County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13042 | 2.68% | 2.80% | 2.94% | 2.94% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, New York
In Cleveland, 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 Oswego 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. Assessment notices in Cleveland 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Cleveland, the highest median tax bill is $3,202 in zip code 13042, and the lowest median tax bill is also $3,202 in the same zip code.
Average Cleveland Assessed Value
$112,658
Average Oswego County Assessed Value
$108,696
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13042 | $50,240 | $80,317 | $112,658 | $172,419 | $247,722 |
Source: Ownwell
Property Tax Bills Across Cleveland, New York
In Cleveland, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the Oswego County Assessor's Office and reflects 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. Various factors influence the assessed value, including the property's size, location, and condition. Homeowners in Cleveland can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $2,232, while the 75th percentile reaches up to $4,992. At the 90th percentile, the tax bill can soar to around $7,329. These property taxes are vital for funding public services such as schools, roads, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Cleveland's tax bills reflect the region's specific economic and infrastructural needs.
Average Cleveland Tax Bill
$3,202
Average Oswego County Tax Bill
$3,405
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13042 | $1,284 | $2,232 | $3,202 | $4,992 | $7,329 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oswego Assessment Review Commission | |
| Website | oswegogis.maps.arcgis.com |