Example of Cayuga County Property Tax Calculation
Cayuga County calculates property tax based on the assessed value of the property. Here's an example of how it works:
Let's say a property in Cayuga County is assessed at $150,000. The county's tax rate is $20 per $1,000 of assessed value. To calculate the property tax, simply multiply the assessed value by the tax rate:
$150,000 / $1,000 = 150 150 x $20 = $3,000
So the property owner would owe $3,000 in property taxes for the year. It's important to note that this calculation can vary depending on the specific property and its assessed value, as well as any applicable exemptions or deductions.
If you want appeal your property tax assessment - contact your local tax assessor.
Cayuga County Property Tax Rates
Here is a formatted table of Cayuga County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $3.11 |
| Auburn City | $22.12 |
| Aurora Village | $8.07 |
| Cato Village | $6.78 |
| Cayuga Village | $9.80 |
| Fair Haven Village | $11.12 |
| Genoa Village | $7.81 |
| Moravia Village | $12.10 |
| Port Byron Village | $10.91 |
| Union Springs Village | $11.54 |
| Weedsport Village | $9.43 |
It is important to note that these rates are subject to change and property owners should contact the Cayuga County tax assessor's office for the most up-to-date information.
Who sets property tax rates in Cayuga County ?
In Cayuga County, the property tax rates are set by various entities at different times. Here is a breakdown of who sets the property tax rates in Cayuga County and when:
| Entity | When |
|---|---|
| Cayuga County Legislature | Annually, typically in December |
| Local School Districts | Annually, typically in May or June |
| Town Boards | Annually, typically in September or October |
The Cayuga County Legislature is responsible for setting the county-wide property tax rate, which funds county services such as public safety, infrastructure, and social services. Local school districts set their own property tax rates to fund school operations and programs. Town boards also set property tax rates to fund local government services such as road maintenance and waste management.
It is important to note that property tax rates can vary depending on the location and the assessed value of the property. Property owners in Cayuga County should consult with a tax professional to understand how their property tax rates are determined and how they can potentially lower their tax bill.
Homestead exemptions in Cayuga County ?
In Cayuga County, New York, there are various Homestead exemptions and deductions available for eligible homeowners. Here's a breakdown of all the county-specific exemptions and deductions along with their eligibility criteria, exemption amounts, and notes:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic STAR exemption | Available to all homeowners | Up to $30,000 assessed value | Must register with NYS Tax Department |
| Enhanced STAR exemption | Available to seniors (age 65 and above) with qualifying income | Up to $68,700 assessed value | Must file an application with the local assessor's office |
| Senior citizens exemption | Available to seniors (age 65 and above) with qualifying income | Varies based on income | Must file an application with the local assessor's office |
| Veterans exemption | Available to veterans with qualifying service time | Varies based on disability rating and service time | Must file an application with the local assessor's office |
| Agricultural exemption | Available to eligible agricultural properties | Varies based on acreage and land use | Must file an application with the local assessor's office |
| Cold War veterans exemption | Available to veterans who served during the Cold War era (September 2, 1945 - December 26, 1991) | Varies based on service time | Must file an application with the local assessor's office |
For all exemptions and deductions, it's important to note that the eligibility criteria and exemption amounts may vary depending on individual circumstances. Homeowners should consult with their local assessor's office for specific details and application requirements.
In summary, Cayuga County offers a range of Homestead exemptions and deductions for eligible homeowners. These exemptions and deductions can help reduce property taxes and provide financial relief for those who qualify.
When is Cayuga County Property Tax due ?
Cayuga County Property Tax is typically due on January 31st of each year. For the convenience of the taxpayers, the county offers several payment methods. Here are the payment methods available for paying Cayuga County Property Tax:
Payment Methods for Cayuga County Property Tax
| Payment Method | Description |
|---|---|
| Online | Pay online with an eCheck, credit card, or debit card by visiting the Cayuga County Treasurer's website at cayugacounty.us/275/Treasurer. There is a convenience fee for using this service. |
| Mail a check or money order with the payment stub to the following address: Cayuga County Treasurer, 160 Genesee Street, Auburn, NY 13021. | |
| In-Person | Pay in person with cash, check, or money order at the Cayuga County Treasurer's Office located at 160 Genesee Street, Auburn, NY 13021 during regular business hours. |
| Drop Box | Drop off a check or money order with the payment stub in the drop box located outside the Cayuga County Treasurer's Office at 160 Genesee Street, Auburn, NY 13021. |
It is important to note that if the payment is not received by January 31st, the taxpayer will be subject to penalties and interest. Therefore, it is recommended to pay the property tax before the due date using one of the payment methods mentioned above.
In summary, Cayuga County Property Tax is due on January 31st and taxpayers can pay it online, by mail, in-person or in the drop box.
If you have more questions - contact your local tax collector.
How is Cayuga County Property Tax penalty calculated ?
Cayuga County Property Tax Penalty Calculation
If a property owner in Cayuga County fails to pay their property taxes on time, they will be subject to a penalty. The penalty is calculated based on the amount of unpaid taxes and the length of time they have been delinquent.
Here is an example:
Let's say a property owner owes $2,000 in property taxes for the year. The due date for payment is January 31st. If the property owner fails to pay by this date, they will be charged a penalty of 1% for the first month of delinquency. This means that if they pay their taxes on February 1st, they will owe an additional $20 in penalty fees (1% of $2,000).
If the property owner still hasn't paid by March 1st, the penalty will increase to 2% ($40 in this case). This penalty will continue to increase by 1% each month until the taxes are paid in full.
It's important to note that these penalties are in addition to any interest charges that may also be applied to the unpaid taxes.
Here is a breakdown of the penalty fees for unpaid property taxes in Cayuga County:
| Length of Delinquency | Penalty Rate |
|---|---|
| 1 month | 1% |
| 2 months | 2% |
| 3 months | 3% |
| 4 months | 4% |
| 5 months | 5% |
| 6 months or more | 6% |
It's always best to pay property taxes on time to avoid these penalties and additional fees. If you are unable to pay your taxes, it's important to contact the County Treasurer's Office to discuss payment options and avoid further penalties.
We recommend contacting the Cayuga County Tax Office or a local tax professional for the most up-to-date and accurate information.