Waddington, New York Property Taxes
The median property tax rate in Waddington, NY is 2.76%, 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 Waddington at $115,385, the typical annual property tax bill reaches $3,043, exceeding the national median of $2,690. Property taxes in Waddington 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 Waddington'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 Waddington 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
Waddington, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$3,185
$3,149
Ownwell’s Waddington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waddington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waddington 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 St. Lawrence County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Waddington, New York
Property taxes in Waddington, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waddington is 2.76%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Waddington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waddington 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 Waddington's effective property tax rate to other counties in New York and the national median. For comparison, the 13694 zip code has the highest median property tax rate of 2.76%, while the same zip code also has the lowest median tax rate of 2.76%. Understanding how these cities compare with Waddington 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 Waddington Tax Rate
2.76%
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 Waddington, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13694 | 2.56% | 2.56% | 2.76% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Waddington, New York
In Waddington, 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 Waddington, 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 Waddington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Waddington's median home price is $115,385, with tax bills ranging from $2,069 to $7,192. The highest and lowest median tax bill, both at $3,043, are found in the 13694 zip code.
Average Waddington Assessed Value
$115,385
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 Waddington, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13694 | $40,872 | $78,334 | $115,385 | $173,077 | $261,846 |
Source: Ownwell
Property Tax Bills Across Waddington, New York
In Waddington, NY, property tax bills are determined by assessing the market value of a home and then applying the local tax rate to this assessed value. The median home price in Waddington is $115,385, and property taxes are calculated based on this value. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. For homeowners in Waddington, the tax bill can vary significantly. The 25th percentile tax bill is $2,069, while the 75th percentile tax bill can reach up to $4,605. For those at the 90th percentile, the tax bill can be as high as $7,192. These figures highlight the range of property tax burdens that homeowners might face. The highest and lowest median tax bill in the area both stand at $3,043, indicating some consistency within specific zip codes. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Waddington Tax Bill
$3,043
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 Waddington, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13694 | $1,105 | $2,069 | $3,043 | $4,605 | $7,192 |
Source: Ownwell