Brasher Falls, New York Property Taxes
The median property tax rate in Brasher Falls, NY is 3.11%, 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 Brasher Falls at $78,600, the typical annual property tax bill reaches $2,369, which is just below the national median of $2,690. Property taxes in Brasher Falls 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 Brasher Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Brasher Falls 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
Brasher Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.11%
Estimate Property Tax Bill
$2,444
$2,417
Ownwell’s Brasher Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brasher Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brasher Falls 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 Brasher Falls, New York
Property taxes in Brasher Falls, 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 Brasher Falls is 3.11%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Brasher Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brasher Falls 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 Brasher Falls' effective property tax rate to other areas in New York and the national median. For comparison, the 13613 zip code has the highest median property tax rate of 3.11%, while the same zip code also has the lowest median tax rate of 3.11%. Understanding how these areas compare with Brasher Falls provides valuable insights into the varying tax landscape across St. Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brasher Falls Tax Rate
3.11%
Average St. Lawrence County Tax Rate
3.02%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brasher Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13613 | 2.80% | 3.01% | 3.11% | 3.17% | 3.20% |
Source: Ownwell
Property Tax Assessment Values Across Brasher Falls, New York
In Brasher Falls, 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 St. Lawrence 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 Brasher Falls, 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 Brasher Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 13613 in Brasher Falls has both the highest and lowest median property tax bills, each at $2,369. The 25th percentile tax bill is $1,505, while the 75th percentile tax bill is $3,333.
Average Brasher Falls Assessed Value
$78,600
Average St. Lawrence County Assessed Value
$83,455
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brasher Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13613 | $31,508 | $50,000 | $78,600 | $111,492 | $153,728 |
Source: Ownwell
Property Tax Bills Across Brasher Falls, New York
In Brasher Falls, located in St. Lawrence 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 reflects the market value of the property. Homeowners in this region face a median property tax rate of 0.99%, which aligns with the national average. For a home with a median price of $78,600, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,505 annually, while those at the 75th percentile could see bills as high as $3,333. The top 10% of tax bills in Brasher Falls can reach up to $4,702. These variations are influenced by factors such as property size, location, and any applicable exemptions. High property taxes can impact homeowners by increasing their overall cost of living, but they also fund essential local services such as schools, infrastructure, and public safety, contributing to the community's well-being.
Average Brasher Falls Tax Bill
$2,369
Average St. Lawrence County Tax Bill
$2,611
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Brasher Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13613 | $925 | $1,505 | $2,369 | $3,333 | $4,702 |
Source: Ownwell