Lowville, Herkimer County, New York Property Taxes

Local government entities determine tax rates, which can vary significantly across New York. This variation arises because each county annually estimates its necessary budget to fund services and divides that by the total assessed value of all taxable properties within its boundaries. This calculation establishes the property tax rate. Although votes and legislative measures play a role in setting these rates and budgets, this is the fundamental process each year.

In Lowville, located in Lewis County, the effective property tax rate is 0.73%, which is lower than the national median property tax rate of 1.02%. This rate is consistent with the lowest and highest median tax rates in the area, both recorded at 0.73% in the 13367 zip code. When compared to other cities in New York, Lowville’s rate stands out as more economical, offering residents a more favorable tax environment. The county's property tax rate is also lower than the national median, making Lowville an attractive option for property owners seeking lower tax liabilities.

In Lowville, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as location, size, and condition of the property. Compared to the national median property tax bill of $2,400, Lowville's property tax bills vary significantly, with the 25th percentile at $1,107 and the 75th percentile at $3,087. The highest median tax bill in the area is $1,789, which is below the national average, indicating a relatively moderate tax burden for homeowners.

Homeowners in Lowville may find their tax bills affected by changes in property values or tax rates, which can fluctuate based on local government budgets and economic conditions. This is where Ownwell can assist by providing expert property tax appeal services. By reviewing assessments and identifying potential discrepancies, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay what is fair and accurate.