Lisbon, New York Property Taxes
The median property tax rate in Lisbon, NY is 2.91%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Lisbon at $97,143, the typical annual property tax bill reaches $2,702, just above the national median of $2,690. Property taxes in Lisbon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lisbon'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 Lisbon 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
Lisbon, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.91%
Estimate Property Tax Bill
$2,827
$2,795
Ownwell’s Lisbon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lisbon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lisbon 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 Lisbon, New York
Property taxes in Lisbon, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lisbon is 2.91%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lisbon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lisbon 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 Lisbon's effective property tax rate to other counties in New York and the national median. For comparison, the 13658 zip code has both the highest and lowest median property tax rate of 2.91%. Understanding how these cities compare with Lisbon 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 Lisbon Tax Rate
2.91%
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 Lisbon, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13658 | 2.56% | 2.74% | 2.91% | 2.91% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Lisbon, New York
In Lisbon, 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 Lisbon, 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 Lisbon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13658, with a tax bill of $2,702.00, while the lowest median tax bill is also in zip code 13658, with the same value.
Average Lisbon Assessed Value
$97,143
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 Lisbon, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13658 | $35,950 | $62,857 | $97,143 | $142,857 | $199,555 |
Source: Ownwell
Property Tax Bills Across Lisbon, New York
In Lisbon, 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 is intended to reflect the market value of the property. The tax rate is set by various taxing authorities, including the county, school district, and other local entities. For homeowners in Lisbon, the median home price is $97,143. Property tax bills can vary significantly; the 25th percentile tax bill is $1,719, while the 75th percentile tax bill reaches $3,975. At the 90th percentile, homeowners might see tax bills as high as $5,486. In the zip code 13658, the median tax bill stands at $2,702, which is relatively high compared to the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, influencing their overall housing costs and potentially affecting their ability to afford other expenses. Understanding how these taxes are calculated helps homeowners plan better and make informed financial decisions.
Average Lisbon Tax Bill
$2,702
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 Lisbon, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13658 | $1,022 | $1,719 | $2,702 | $3,975 | $5,486 |
Source: Ownwell