North Lawrence, New York Property Taxes
The median property tax rate in North Lawrence, NY is 3.36%, 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 North Lawrence, the typical annual property tax bill reaches $2,330, slightly below the national median of $2,690. Property taxes in North Lawrence 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 North Lawrence'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 North Lawrence 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
North Lawrence, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.36%
Estimate Property Tax Bill
$2,342
$2,315
Ownwell’s North Lawrence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Lawrence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Lawrence 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 North Lawrence, New York
Property taxes in North Lawrence, 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 North Lawrence is 3.36%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Lawrence set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Lawrence 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 North Lawrence's effective property tax rate to other counties in New York and the national median. For comparison, the 12967 zip code has the highest median property tax rate of 3.36%, while the same 12967 zip code also has the lowest median tax rate of 3.36%. Understanding how these cities compare with North Lawrence 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 North Lawrence Tax Rate
3.36%
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 North Lawrence, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12967 | 3.08% | 3.36% | 3.36% | 3.44% | 3.44% |
Source: Ownwell
Property Tax Assessment Values Across North Lawrence, New York
In North Lawrence, 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 North Lawrence, 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 North Lawrence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $69,688, with the 25th percentile tax bill at $1,640 and the 75th percentile tax bill at $3,443. The zip code with the highest and lowest median tax bill is 12967, both at $2,330.
Property Tax Assessment Values Across North Lawrence, New York
Source: Ownwell
$27,044
$104,923
$182,802
Average North Lawrence Assessed Value
$69,688
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 North Lawrence, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12967 | $35,103 | $49,572 | $69,688 | $103,026 | $157,409 |
Source: Ownwell
Property Tax Bills Across North Lawrence, New York
In North Lawrence, St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. Homeowners in North Lawrence face a median property tax rate of 0.99%, aligning with the national median. Several factors contribute to the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For example, a median home price of $69,688 would result in varying tax bills depending on the assessed value and local tax rates. The 25th percentile tax bill is around $1,640, while the 75th percentile reaches $3,443, and the 90th percentile can go up to $5,293. High property taxes can significantly impact homeowners, influencing their overall financial planning and potentially affecting home affordability. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average North Lawrence Tax Bill
$2,330
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 North Lawrence, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12967 | $1,163 | $1,640 | $2,330 | $3,443 | $5,293 |
Source: Ownwell