Trumansburg, Schuyler County, New York Property Taxes
Median Trumansburg, NY effective property tax rate: 2.74%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Trumansburg, NY home value: $174,000
Median annual Trumansburg, NY tax bill: $4,524, $2,124 higher than the national median property tax bill of $2,400.
How are property taxes in Schuyler calculated?
Property taxes in Trumansburg, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Trumansburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Trumansburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Trumansburg, Schuyler County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.74%
Estimate Property Tax Bill
$4,768
$4,424
Property Tax Rates Across Trumansburg, Schuyler County, New York
Local government entities determine tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, leading to the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in simple terms.
In Trumansburg, located in Schuyler County, NY, the effective property tax rate is notably higher than the national median of 1.02%. This rate is also higher than the median property tax rate in New York State. Such a high rate can significantly impact homeowners, resulting in property tax bills that exceed the national median of $2400. Understanding these rates is crucial for property owners in Trumansburg and Schuyler County, as it can influence financial planning and property investment decisions. Comparing Trumansburg's tax rate with other cities in New York and the U.S. highlights the importance of staying informed and considering potential savings through property tax appeals and exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Trumansburg Tax Rate
2.74%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Schuyler County Tax Rate
2.27%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Trumansburg, Schuyler County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14886 | 2.28% | 2.73% | 2.74% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Trumansburg, Schuyler County, New York
When examining property taxes in Trumansburg, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Schuyler County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Schuyler County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Trumansburg. For example, the median home price in Trumansburg is $174,000, with tax bills ranging significantly across the county. Zip code 14886 has the highest median home price at $174,000.
Property Tax Assessment Values Across Trumansburg, Schuyler County, New York
Source: Ownwell
$86,000
$153,250
$220,500
Median Trumansburg Market Value
$174,000
Median Schuyler County Market Value
$150,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Trumansburg, Schuyler County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14886 | $60,000 | $116,000 | $174,000 | $248,000 | $341,000 |
Source: Ownwell
Property Tax Bills Across Trumansburg, Schuyler County, New York
Median Trumansburg Tax Bill
$4,524
Median Schuyler County Tax Bill
$3,536
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Trumansburg, Schuyler County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14886 | $1,630 | $3,044 | $4,524 | $6,590 | $8,612 |
Source: Ownwell