Winthrop, New York Property Taxes
The median property tax rate in Winthrop, NY is 3.01%, 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 Winthrop at $86,842, the typical annual property tax bill reaches $2,595, which is just below the national median of $2,690. Property taxes in Winthrop 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 Winthrop'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 Winthrop or another part of St. Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winthrop, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.01%
Estimate Property Tax Bill
$2,614
$2,426
Ownwell’s Winthrop Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winthrop with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winthrop 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 Winthrop, New York
Property taxes in Winthrop, 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 Winthrop is 3.01%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Winthrop set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winthrop 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 Winthrop's effective property tax rate to other counties in New York and the national median. For comparison, the 13697 zip code has the highest median property tax rate of 3.01%, while it also has the lowest median tax rate of 3.01%. Understanding how these cities compare with Winthrop 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 Winthrop Tax Rate
3.01%
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 Winthrop, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13697 | 2.73% | 3.01% | 3.01% | 3.08% | 3.21% |
Source: Ownwell
Property Tax Assessment Values Across Winthrop, New York
In Winthrop, 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 Winthrop, 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 Winthrop helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,595 in zip code 13697, while the lowest is also $2,595 in the same zip code.
Average Winthrop Assessed Value
$86,842
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 Winthrop, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13697 | $35,526 | $53,869 | $86,842 | $118,421 | $171,316 |
Source: Ownwell
Property Tax Bills Across Winthrop, New York
In Winthrop, located in St. Lawrence County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Winthrop is $86,842. The tax bill is influenced by several factors, including the property's assessed value, local tax rates, and any exemptions the homeowner may qualify for. For instance, homeowners in Winthrop can expect tax bills to vary widely. The 25th percentile tax bill is approximately $1,622, while the 75th percentile tax bill reaches around $3,562. At the higher end, the 90th percentile tax bill can be as much as $5,216. The highest median tax bill recorded in the area is $2,595, which aligns with the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners. Understanding how these factors contribute to the overall tax bill can help homeowners better manage their finances and plan for future expenses.
Average Winthrop Tax Bill
$2,595
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 Winthrop, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13697 | $1,029 | $1,622 | $2,595 | $3,562 | $5,216 |
Source: Ownwell