Gouverneur, New York Property Taxes
The median property tax rate in Gouverneur, NY is 2.39%, 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 Gouverneur at $80,116, the typical annual property tax bill reaches $2,169, slightly below the national median of $2,690. Property taxes in Gouverneur 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 Gouverneur’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 Gouverneur 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
Gouverneur, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$1,915
$1,777
Ownwell’s Gouverneur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gouverneur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gouverneur 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 Gouverneur, New York
Property taxes in Gouverneur, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gouverneur is 2.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gouverneur set these rates annually, and they can vary across different neighborhoods. Each year, Gouverneur 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. For comparison, the 13642 zip code, which includes Gouverneur, has the highest median property tax rate of 2.39% and also the lowest median tax rate of 2.39%. Understanding how these rates compare within St. Lawrence County provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gouverneur Tax Rate
2.39%
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 Gouverneur, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13642 | 2.33% | 2.35% | 2.39% | 3.30% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Gouverneur, New York
In Gouverneur, 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 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 Gouverneur, 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 Gouverneur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Gouverneur are both $2,169, found in the 13642 zip code.
Average Gouverneur Assessed Value
$80,116
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 Gouverneur, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13642 | $36,842 | $58,140 | $80,116 | $116,279 | $170,236 |
Source: Ownwell
Property Tax Bills Across Gouverneur, New York
In Gouverneur, 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 median home price in Gouverneur is $80,116, which serves as the foundation for determining the tax bill. The local tax rate is applied to this assessed value to compute the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, tax bills in Gouverneur can vary significantly. Homeowners at the 25th percentile pay around $1,536 annually, while those at the 75th percentile see bills closer to $3,023. At the 90th percentile, the tax bill can reach up to $4,153. The highest and lowest median tax bills in Gouverneur are both recorded at $2,169 in the 13642 zip code, which is above the national median property tax rate of 0.99%. These property taxes can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Gouverneur Tax Bill
$2,169
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 Gouverneur, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13642 | $922 | $1,536 | $2,169 | $3,023 | $4,153 |
Source: Ownwell