Lake Placid, Essex County, New York Property Taxes
Property Taxes in Lake Placid, New York
Median Lake Placid, New York effective property tax rate: 1.30%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Lake Placid, New York home value: $43,691
Median annual Lake Placid, New York tax bill: $453, lower by $1,947 than the national median property tax bill of $2,400.
How are property taxes in Essex calculated?
Property taxes in Lake Placid, 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 Lake Placid's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Placid, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Lake Placid, Essex County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.3%
Estimate Property Tax Bill
$568
$527
How Does the Lake Placid Property Tax Calculator Work?
Use this Lake Placid property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Placid's median effective tax rate of 1.30% — based on actual property records in Essex County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake Placid's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lake Placid: rates range from 453 in 12946 to 453 in 12946, 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 Lake Placid.
About Lake Placid Property Taxes
About Property Taxes in Lake Placid, Essex, New York
Lake Placid's median effective property tax rate of 1.30% is lower than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Essex 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 Lake Placid. Homeowners in ZIP code 12946 carry a median effective rate of 1.30%, while those in the same ZIP code also pay 1.30%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Essex County. Understanding which part of Lake Placid you live in can make a meaningful difference to your annual tax bill.
Lake Placid 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 Lake Placid, Essex 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 Lake Placid'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 Lake Placid Tax Rate
1.30%
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 Essex County Tax Rate
1.46%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake Placid, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12946 | 0.94% | 0.98% | 1.30% | 1.33% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Lake Placid, Essex County, New York
When examining property taxes in Lake Placid, 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 Essex 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 Essex 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. For example, the median home price in Lake Placid is $43,691, with tax bills ranging significantly across the county. Zip code 12946 has the highest median home price at $43,691.
Property Tax Assessment Values Across Lake Placid, Essex County, New York
Source: Ownwell
$43,691
$306,846
$570,000
Median Lake Placid Market Value
$43,691
Median Essex County Market Value
$196,900
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake Placid, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12946 | $5,600 | $5,600 | $43,691 | $500,000 | $939,360 |
Source: Ownwell
Property Tax Bills Across Lake Placid, Essex County, New York
How are property tax bills calculated in Lake Placid?
Property tax bills in Lake Placid are based on the assessed value of a home, not the market price alone. Local tax rates are applied to that assessed value to determine the final bill, so two homes with similar market values can still owe different amounts if their assessments differ. For homeowners, this means the tax bill can change when a property is reassessed or when local tax rates are adjusted.
What factors are considered in the bill?
The main factors are the home’s assessed value, the local tax rate, and any exemptions that may apply. In Lake Placid, the median home price is $43,691, while the highest and lowest median tax bill in ZIP code 12946 is $453.00. Tax bills can vary widely, with the 25th percentile at $104 and the 75th percentile at $5,559, showing how much assessments and local rules can affect what homeowners pay.
Median Lake Placid Tax Bill
$453
Median Essex County Tax Bill
$3,045
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake Placid, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12946 | $75 | $104 | $453 | $5,559 | $10,294 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Essex Assessment Review Commission | |
| Website | essexcounty.prosgar.com |