Ticonderoga, Washington County, New York Property Taxes
The median property tax rate in Ticonderoga, NY is 1.41%, 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 Ticonderoga, the typical annual property tax bill reaches $10,079, exceeding the national median of $2,690. Property taxes in Ticonderoga 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 Ticonderoga'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 Ticonderoga 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
Ticonderoga, Washington County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$10,184
$9,451
Ownwell’s Ticonderoga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ticonderoga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ticonderoga 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 Ticonderoga, Washington County, New York
Property taxes in Ticonderoga, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ticonderoga is 1.41%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Ticonderoga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ticonderoga 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 Ticonderoga's effective property tax rate to other counties in New York and the national median. For comparison, the 12883 ZIP code has both the highest and lowest median property tax rate of 1.41%. Understanding how these areas compare with Ticonderoga provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ticonderoga Tax Rate
1.41%
Average Washington County Tax Rate
2.41%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ticonderoga, Washington County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12883 | 1.41% | 1.41% | 1.41% | 1.41% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Ticonderoga, Washington County, New York
In Ticonderoga, 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 Washington 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 Ticonderoga, 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 Ticonderoga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12883 has the highest and lowest median tax bill, both at $10,079.
Property Tax Assessment Values Across Ticonderoga, Washington County, New York
Source: Ownwell
$96,720
$606,110
$1,115,500
Average Ticonderoga Assessed Value
$722,291
Average Washington County Assessed Value
$158,585
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ticonderoga, Washington County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12883 | $480,897 | $586,052 | $722,291 | $894,022 | $1,010,286 |
Source: Ownwell
Property Tax Bills Across Ticonderoga, Washington County, New York
In Ticonderoga, Washington County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions play a crucial role in determining the assessed value. For homeowners in Ticonderoga, the tax bill can vary significantly. The 25th percentile tax bill is around $8,265, while the 75th percentile reaches up to $12,683. At the 90th percentile, homeowners might see tax bills as high as $14,222. These figures are considerably higher than the national median property tax rate of 0.99%, reflecting the region's relatively high property values and tax rates. For the zip code 12883, the median tax bill stands at $10,079. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Property Tax Bills Across Ticonderoga, Washington County, New York
Source: Ownwell
$2,402
$8,691
$14,980
Average Ticonderoga Tax Bill
$10,079
Average Washington County Tax Bill
$3,943
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Ticonderoga, Washington County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12883 | $6,779 | $8,265 | $10,079 | $12,683 | $14,222 |
Source: Ownwell