Richville, New York Property Taxes
The median property tax rate in Richville, NY is 2.50%, 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 Richville at $86,846, the typical annual property tax bill reaches $2,118, which is below the national median of $2,690. Property taxes in Richville 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 Richville'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 Richville 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
Richville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$2,171
$2,015
Ownwell’s Richville Property Tax Bill Calculator allows homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Richville with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richville to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by St. Lawrence County for property tax purposes, incorporating any applicable exemptions.
Property Tax Rates Across Richville, New York
Property taxes in Richville, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Richville is 2.50%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Richville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richville 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 Richville's effective property tax rate to other counties in New York and the national median. For comparison, the 13681 zip code has both the highest and lowest median property tax rate of 2.50%. Understanding how these areas compare with Richville 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 Richville Tax Rate
2.50%
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 Richville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13681 | 2.22% | 2.39% | 2.50% | 2.68% | 2.99% |
Source: Ownwell
Property Tax Assessment Values Across Richville, New York
In Richville, NY, 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 Richville, 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. For instance, the highest median tax bill in Richville is $2,118 in the 13681 zip code. 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 Richville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Richville Assessed Value
$86,846
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 Richville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13681 | $30,576 | $53,570 | $86,846 | $136,113 | $191,864 |
Source: Ownwell
Property Tax Bills Across Richville, New York
Property tax bills in Richville, St. Lawrence County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Richville face a median home price of $86,846. Tax bills can vary significantly, with the 25th percentile at $1,340 and the 75th percentile reaching $3,254. At the 90th percentile, tax bills can be as high as $4,676. The local tax rate is applied to the assessed value to determine the annual property tax bill. For instance, properties in the zip code 13681 have a median tax bill of $2,118, which is relatively high compared to the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, influencing their overall cost of living and potentially affecting decisions related to property purchases, sales, and improvements. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Richville Tax Bill
$2,118
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 Richville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13681 | $775 | $1,340 | $2,118 | $3,254 | $4,676 |
Source: Ownwell