Willseyville, Tompkins County, New York Property Taxes

Name: Property Tax Bills Across Willseyville, Tompkins County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Willseyville, NY effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Willseyville, NY home value: $173,500.
Median annual Willseyville, NY tax bill: $4,403, $2,003 higher than the national median property tax bill of $2,400.

How are property taxes in Tompkins calculated?

Property taxes in Willseyville, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Willseyville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Willseyville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Willseyville, Tompkins County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$4,632

$4,299

Ownwell’s Willseyville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Willseyville with just two data points. By entering your property's estimated assessed value, our calculator applies Willseyville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Tompkins County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Willseyville, Tompkins County, New York

Local government entities set tax rates, which can vary widely within a state. This is because each year, counties like Tompkins estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Willseyville, located in Tompkins County, the effective property tax rate stands out when compared to other cities in New York. The median property tax rate in New York is significantly higher than the national median of 1.02%. This suggests that property owners in Willseyville may face a higher tax burden compared to the national average. Understanding these rates is crucial for homeowners looking to manage their property tax expenses effectively. By comparing Willseyville’s tax rate to both state and national figures, property owners can better gauge their financial responsibilities and explore potential savings through tax appeals and exemptions.

Property Tax Rates Across Willseyville, Tompkins County, New York

Source: Ownwell

2.43%

2.83%

3.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Willseyville Tax Rate

2.67%

Median Effective Tompkins County Tax Rate

2.79%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Willseyville, Tompkins County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13864	1.73%	2.40%	2.67%	2.78%	2.82%

Source: Ownwell

Property Tax Assessment Values Across Willseyville, Tompkins County, New York

When examining property taxes in Willseyville, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Tompkins County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Tompkins County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Willseyville. For example, the median home price in Willseyville is $173,500, with tax bills ranging significantly across the county. Zip code 13864 has the highest median home price at $173,500.

Property Tax Assessment Values Across Willseyville, Tompkins County, New York

Source: Ownwell

$118,000

$196,500

$275,000

Median Willseyville Market Value

$173,500

Median Tompkins County Market Value

$225,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Willseyville, Tompkins County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13864	$69,500	$115,000	$173,500	$225,000	$295,000

Source: Ownwell

Property Tax Bills Across Willseyville, Tompkins County, New York

In Willseyville, located in Tompkins County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is $173,500, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $2,623, while the 75th percentile reaches $5,716, and the 90th percentile climbs to $7,328. This variability highlights the impact of assessment accuracy and local tax rates on homeowners. The median property tax rate in Tompkins County is notably higher than the national median of 1.02%, influencing the overall tax burden on homeowners. With the highest and lowest median tax bills both at $4,403 in the zip code 13864, homeowners in Willseyville may face substantial property tax obligations. Ownwell can assist by offering property tax appeal and exemption services, potentially reducing these burdens. By reviewing assessments and identifying discrepancies, Ownwell helps homeowners achieve fairer tax bills, ultimately saving them money.

Property Tax Bills Across Willseyville, Tompkins County, New York

Source: Ownwell

$3,246

$5,668

$8,089

Median Willseyville Tax Bill

$4,403

Median Tompkins County Tax Bill

$6,186

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Willseyville, Tompkins County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13864	$1,560	$2,623	$4,403	$5,716	$7,328

Source: Ownwell