Mc Graw, Cortland County, New York Property Taxes
Property Taxes in Mc Graw, New York
Median Mc Graw, New York effective property tax rate: 1.43%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Mc Graw, New York home value: $130,769
Median annual Mc Graw, New York tax bill: $1,848, $552 lower than the national median property tax bill of $2,400.
How are property taxes in Cortland calculated?
Property taxes in Mc Graw, New York 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 Mc Graw's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mc Graw, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Mc Graw, Cortland County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.43%
Estimate Property Tax Bill
$1,870
$1,735
How Does the Mc Graw Property Tax Calculator Work?
Use this Mc Graw property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Mc Graw's median effective tax rate of 1.43% — based on actual property records in Cortland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Mc Graw's median effective rate across local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Mc Graw: rates range from 1.43% in 13101 to 1.43% in 13101, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Mc Graw.
About Mc Graw Property Taxes
About Property Taxes in Mc Graw, Cortland, NY
Mc Graw’s median effective property tax rate of 1.43% is lower than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Cortland County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Mc Graw. Homeowners in the 13101 ZIP code carry a median effective rate of 1.43%, while those in the lowest ZIP code also pay 1.43%. This spread reflects how school district boundaries and local assessment districts are drawn across Cortland County. Understanding which part of Mc Graw you live in can make a meaningful difference to your annual tax bill.
Mc Graw homeowners who believe their assessed value is too high can file a formal appeal with the Assessment Review Commission before the May 26, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Mc Graw, Cortland County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Mc Graw's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Mc Graw Tax Rate
1.43%
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 Cortland County Tax Rate
1.45%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Graw, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13101 | 1.26% | 1.27% | 1.43% | 1.43% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Mc Graw, Cortland County, New York
When examining property taxes in Mc Graw, New York, 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 Cortland County assessment office 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 Cortland County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the season.
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. For example, the median home price in Mc Graw is $130,769, with tax bills ranging significantly across the county. 13101 has the highest median home price at $130,769.
Property Tax Assessment Values Across Mc Graw, Cortland County, New York
Source: Ownwell
$96,984
$163,107
$229,230
Median Mc Graw Market Value
$130,769
Median Cortland County Market Value
$151,639
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mc Graw, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13101 | $65,692 | $97,154 | $130,769 | $181,070 | $246,154 |
Source: Ownwell
Property Tax Bills Across Mc Graw, Cortland County, New York
Property tax bills in Mc Graw are calculated from the assessed value of a home and the local tax rate set by the taxing authorities. The assessed value is based on the market value of the property, and that value is then multiplied by the applicable tax rate to determine the bill. For homeowners, this means that changes in home value or local tax rates can directly affect what they owe each year.
In Mc Graw, the median home price is $130,769, and the median property tax bill is $1,848.00. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Tax bills in the area can vary, with the 25th percentile at $1,305 and the 75th percentile at $2,720. For homeowners, understanding how assessed value and local rates work is important because even small changes can increase or reduce annual property taxes.
Median Mc Graw Tax Bill
$1,848
Median Cortland County Tax Bill
$2,581
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Graw, Cortland County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13101 | $935 | $1,305 | $1,848 | $2,720 | $3,696 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Cortland Assessment Review Commission | |
| Website | beacon.schneidercorp.com |