Seneca County, New York Property Taxes
Median Seneca County effective property tax rate: 2.53%, significantly higher than the national median of 1.02%.
Median Seneca County home value: $129,610
Median annual Seneca County tax bill: $3,564, $1,164 higher than the national median property tax bill of $2,400.
How are property taxes in Seneca County calculated?
Property taxes in Seneca County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Waterloo or another part of Seneca County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Seneca County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.53%
Estimate Property Tax Bill
$3,279
$3,043
Property Tax Rates Across Seneca County, New York
Local government entities are responsible for setting tax rates, which can vary significantly within New York. Each county, including Seneca County, estimates its required budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core process followed each year.
Seneca County's effective property tax rate is 2.53%, which is notably higher than the national median property tax rate of 1.02%. Within Seneca County, the city of Seneca Falls has the highest median property tax rate at 3.43%, while Interlaken has the lowest at 1.96%. This variation highlights the importance of understanding how property taxes are determined in different areas. Comparing Seneca County's rate to the national median provides valuable insight into local property tax burdens, emphasizing the need for property tax appeal and exemption services to potentially reduce costs for property owners.
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 Seneca County Tax Rate
2.53%
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 New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Seneca County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clyde | 2.13% | 2.49% | 2.61% | 2.64% | 2.68% |
| Fayette | 2.02% | 2.14% | 2.49% | 2.53% | 2.62% |
| Geneva | 1.95% | 2.01% | 2.08% | 2.35% | 2.57% |
| Hector | 1.92% | 2.07% | 2.11% | 2.16% | 2.24% |
| Interlaken | 1.75% | 1.88% | 1.96% | 2.27% | 2.81% |
| Lodi | 1.81% | 2.05% | 2.09% | 2.15% | 2.22% |
| Lyons | 2.78% | 2.78% | 2.79% | 2.80% | 2.83% |
| Ovid | 1.73% | 1.93% | 2.02% | 2.15% | 2.32% |
| Phelps | 2.27% | 2.59% | 2.62% | 2.94% | 3.03% |
| Romulus | 1.88% | 1.97% | 2.06% | 2.14% | 2.25% |
| Savannah | N/A | N/A | N/A | N/A | N/A |
| Seneca Falls | 2.40% | 2.88% | 3.43% | 3.49% | 3.59% |
| Trumansburg | 1.32% | 1.94% | 2.22% | 2.39% | 2.40% |
| Waterloo | 2.32% | 2.43% | 2.77% | 3.75% | 3.77% |
Source: Ownwell
Property Tax Assessment Values Across Seneca County, New York
When examining property taxes in Seneca County, 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 Seneca 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.
Assessment notices: In Seneca County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Seneca County. For example, the median tax bill in Seneca County is $2462, with tax bills ranging significantly across the county. Trumansburg has the highest median home price at $235,294.
Median Seneca County Market Value
$129,610
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Seneca County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clyde | $40,360 | $59,252 | $100,000 | $159,794 | $260,464 |
| Fayette | $71,244 | $81,334 | $95,667 | $183,558 | $216,911 |
| Geneva | $74,532 | $106,112 | $165,323 | $307,977 | $480,894 |
| Hector | $51,448 | $93,362 | $137,069 | $238,276 | $312,828 |
| Interlaken | $66,988 | $103,466 | $157,358 | $269,706 | $459,177 |
| Lodi | $56,241 | $100,172 | $183,621 | $311,207 | $429,000 |
| Lyons | $46,186 | $85,310 | $139,278 | $160,825 | $180,464 |
| Ovid | $61,152 | $101,724 | $165,962 | $324,138 | $500,465 |
| Phelps | $43,010 | $75,438 | $121,650 | $189,433 | $229,381 |
| Romulus | $84,052 | $138,588 | $225,028 | $402,124 | $535,470 |
| Savannah | N/A | N/A | N/A | N/A | N/A |
| Seneca Falls | $56,461 | $87,792 | $121,558 | $182,338 | $270,130 |
| Trumansburg | $103,294 | $158,236 | $235,294 | $317,647 | $443,529 |
| Waterloo | $58,763 | $79,972 | $103,724 | $145,570 | $200,832 |
Source: Ownwell
Property Tax Bills Across Seneca County, New York
Median Seneca County Tax Bill
$3,564
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Seneca County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clyde | $1,076 | $1,550 | $2,399 | $3,983 | $6,137 |
| Fayette | $1,838 | $1,915 | $2,355 | $3,926 | $4,453 |
| Geneva | $1,602 | $2,403 | $3,597 | $6,369 | $9,708 |
| Hector | $1,171 | $1,934 | $2,810 | $4,976 | $5,854 |
| Interlaken | $1,355 | $2,270 | $3,289 | $5,282 | $8,037 |
| Lodi | $1,204 | $2,079 | $3,533 | $6,157 | $8,584 |
| Lyons | $1,312 | $2,392 | $3,881 | $4,476 | $5,018 |
| Ovid | $1,183 | $2,030 | $3,188 | $6,184 | $9,761 |
| Phelps | $1,478 | $2,161 | $3,245 | $4,946 | $5,856 |
| Romulus | $1,731 | $2,822 | $4,567 | $7,897 | $10,566 |
| Savannah | N/A | N/A | N/A | N/A | N/A |
| Seneca Falls | $1,726 | $2,811 | $3,902 | $5,798 | $8,212 |
| Trumansburg | $1,405 | $3,126 | $4,680 | $6,822 | $9,385 |
| Waterloo | $1,520 | $2,514 | $3,323 | $4,267 | $5,784 |
Source: Ownwell
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