Pond Eddy, New York Property Taxes
The median property tax rate in Pond Eddy, NY is 2.17%, 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 Pond Eddy at $27,044, the typical annual property tax bill reaches $586, which is significantly lower than the national median of $2,690. Property taxes in Pond Eddy 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 Pond Eddy'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 Pond Eddy 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
Pond Eddy, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.17%
Estimate Property Tax Bill
$587
$545
Ownwell’s Pond Eddy Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Pond Eddy. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Pond Eddy to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Remember, your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Pond Eddy, New York
Property taxes in Pond Eddy, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pond Eddy is 2.17%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pond Eddy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pond Eddy 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 Pond Eddy's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12770 has the highest median property tax rate of 2.17%, while the lowest median tax rate is also 2.17%. Understanding how these areas compare with Pond Eddy provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pond Eddy Tax Rate
2.17%
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 Pond Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12770 | 2.17% | 2.17% | 2.17% | 2.17% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Pond Eddy, New York
In Pond Eddy, 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 Pond Eddy, 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 Pond Eddy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12770 has both the highest and lowest median tax bill at $586.
Average Pond Eddy Assessed Value
$27,044
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 Pond Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12770 | $27,044 | $27,044 | $27,044 | $27,044 | $27,044 |
Source: Ownwell
Property Tax Bills Across Pond Eddy, New York
In Pond Eddy, located in St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by local assessors and reflects a percentage of the property's market value. This assessment is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in Pond Eddy, the property tax rate is relatively consistent, with the median tax bill being $586. This rate is significantly lower than the national median property tax rate of 0.99%. The uniformity in tax bills, with the 25th, 75th, and 90th percentiles all at $586, suggests a stable tax environment for residents. This stability can be beneficial for homeowners, providing predictable annual expenses and potentially making homeownership more affordable compared to other regions with higher property tax rates.
Average Pond Eddy Tax Bill
$586
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 Pond Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12770 | $586 | $586 | $586 | $586 | $586 |
Source: Ownwell