Colton, New York Property Taxes
The median property tax rate in Colton, NY is 2.88%, 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 Colton at $108,050, the typical annual property tax bill reaches $3,015, exceeding the national median of $2,690. Property taxes in Colton 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 Colton'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 Colton 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
Colton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.88%
Estimate Property Tax Bill
$3,112
$3,077
Ownwell’s Colton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Colton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Colton 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 Colton, New York
Property taxes in Colton, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Colton is 2.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Colton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Colton 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 Colton's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13625 has the highest median property tax rate of 2.88%, while the lowest median tax rate is also 2.88% in the same zip code. Understanding how these cities compare with Colton 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 Colton Tax Rate
2.88%
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 Colton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13625 | 2.76% | 2.87% | 2.88% | 2.89% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Colton, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Colton, New York. 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 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. In Colton, 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 Colton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $3,015 in zip code 13625.
Average Colton Assessed Value
$108,050
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 Colton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13625 | $35,714 | $66,038 | $108,050 | $157,233 | $211,042 |
Source: Ownwell
Property Tax Bills Across Colton, New York
In Colton, located in St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $108,050, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors such as property size, location, and improvements can influence the assessed value. In Colton, the tax bill for the 25th percentile is around $1,851, while those in the 75th percentile may see bills closer to $4,475. For higher-value properties, the 90th percentile tax bill can reach up to $6,024. The highest and lowest median tax bills in the area both stand at $3,015, indicating a relatively consistent tax rate across different properties. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thus playing a crucial role in the community's overall well-being.
Average Colton Tax Bill
$3,015
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 Colton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13625 | $969 | $1,851 | $3,015 | $4,475 | $6,024 |
Source: Ownwell