Piercefield, New York Property Taxes
The median property tax rate in Piercefield, NY is 2.57%, 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 Piercefield at $70,110, the typical annual property tax bill reaches $1,777, exceeding the national median of $2,690. Property taxes in Piercefield 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 Piercefield'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 Piercefield 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
Piercefield, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.57%
Estimate Property Tax Bill
$1,802
$1,672
Ownwell’s Piercefield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Piercefield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piercefield 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 Piercefield, New York
Property taxes in Piercefield, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Piercefield is 2.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within Piercefield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piercefield 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 Piercefield's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12973 has both the highest and lowest median property tax rate of 2.57%. Understanding how these cities compare with Piercefield 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 Piercefield Tax Rate
2.57%
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 Piercefield, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12973 | 2.33% | 2.33% | 2.57% | 2.70% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Piercefield, New York
In Piercefield, 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 Piercefield, 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 Piercefield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,777, found in the 12973 zip code.
Average Piercefield Assessed Value
$70,110
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 Piercefield, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12973 | $28,923 | $41,868 | $70,110 | $107,912 | $309,165 |
Source: Ownwell
Property Tax Bills Across Piercefield, New York
In Piercefield, located in St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Piercefield typically see a median home price of $70,110. The property tax rate is applied to this assessed value to determine the annual tax bill. For instance, homeowners at the 25th percentile receive a tax bill of approximately $1,143, while those at the 75th percentile face around $2,699. At the higher end, the 90th percentile tax bill can reach up to $7,218. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. This tax burden significantly impacts homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Piercefield's tax bills reflect the unique economic conditions and local government funding needs of the area.
Average Piercefield Tax Bill
$1,777
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 Piercefield, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12973 | $806 | $1,143 | $1,777 | $2,699 | $7,218 |
Source: Ownwell