Example of Oswego County Property Tax Calculation
Oswego County property taxes are calculated based on the value of the property owned by the taxpayer. To calculate the property tax, the tax assessor first determines the assessed value of the property. This value is then multiplied by the applicable tax rate to arrive at the final tax amount.
For example, let's say that a homeowner in Oswego County owns a property with an assessed value of $100,000. If the tax rate in their area is 2.5%, then the property tax owed would be $2,500 ($100,000 x 0.025).
It is important to note that the assessed value of the property is not necessarily equal to its market value. The assessed value may be lower or higher than the market value, depending on various factors such as location, condition, and recent sales of comparable properties in the area.
Additionally, property taxes in Oswego County may vary from one area to another, depending on the local tax rates and any special assessments that may apply. It is important for taxpayers to consult with their local tax assessor or visit the Oswego County website for up-to-date information on property tax rates and calculations.
If you want appeal your property tax assessment - contact your local tax assessor.
Oswego County Property Tax Rates
The table below lists the Oswego County Property Tax rates:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County | $7.74 |
| City of Oswego | $15.07 |
| City of Fulton | $14.94 |
| Town of Albion | $1.84 |
| Town of Amboy | $2.90 |
| Town of Boylston | $2.61 |
| Town of Constantia | $5.75 |
| Town of Granby | $3.99 |
| Town of Hannibal | $2.58 |
| Town of Hastings | $4.15 |
| Town of Mexico | $4.49 |
| Town of Minetto | $4.47 |
| Town of New Haven | $2.96 |
| Town of Orwell | $2.66 |
| Town of Oswego | $6.85 |
| Town of Palermo | $3.47 |
| Town of Parish | $3.25 |
| Town of Redfield | $1.71 |
| Town of Richland | $2.44 |
| Town of Sandy Creek | $2.72 |
| Town of Schroeppel | $3.89 |
| Town of Scriba | $3.06 |
| Town of Volney | $6.60 |
| Town of West Monroe | $3.62 |
Note: These rates are subject to change and may vary for different properties within the same locality. It is advisable to consult a tax professional for accurate and up-to-date information.
Who sets property tax rates in Oswego County ?
Who sets property tax rates in Oswego County?
The property tax rates in Oswego County are set by the Oswego County Legislature. This legislative body is made up of 25 elected officials who are responsible for creating and passing laws, establishing budgets, and setting tax rates for the county's various municipalities.
When are property tax rates set in Oswego County?
The property tax rates in Oswego County are typically set on an annual basis. The Oswego County Legislature begins the process of setting tax rates in the fall, usually in September or October, by reviewing the county's budget and revenue projections for the upcoming fiscal year.
Once the budget has been reviewed and approved, the county legislature will hold public hearings to solicit input from county residents and stakeholders. Following the public hearings, the Oswego County Legislature will vote on the proposed tax rates before they are finalized and sent to the state for approval.
It's important to note that property tax rates may be adjusted throughout the year if circumstances warrant, such as significant changes in revenue or emergency situations. However, these adjustments are typically made on an as-needed basis and are not part of the annual budget-setting process.
Homestead exemptions in Oswego County ?
To assist eligible homeowners in obtaining property tax relief, Oswego County in New York offers a variety of Homestead exemptions and deductions. Below is a breakdown of the available exemptions and deductions along with pertinent notes for each one:
Homestead Exemptions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic | Primary residence with an assessed value of $30,000 or more | 50% of assessed value, up to $30,000 | Must apply with the assessor's office |
| Alternative Veterans | Must be a veteran who served during a qualified time of war | 15% of assessed value, up to $12,000 | Must have honorable discharge and provide documentation to the assessor's office |
| Cold War Veterans | Must have served during the Cold War era | 10% of assessed value, up to $8,000 | Must have honorable discharge and provide documentation to the assessor's office |
| Disability | Must be receiving Social Security Disability Benefits | 50% of assessed value, up to $120,000 | Must provide documentation to the assessor's office |
| Enhanced STAR | Primary residence of a senior citizen (65+) with income under $88,050 | Exemption of school taxes on first $68,700 of assessed value | Must apply with local assessor and provide proof of income and age |
| Senior Citizen | Primary residence of a senior citizen (65+) with income under $37,400 | 50% of assessed value | Must apply with the assessor's office and provide proof of income and age |
Homestead Deductions
| Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Agricultural Land | Agricultural land used for commercial purposes | 50% of assessed value | Must apply with the assessor's office |
| Business Investment Deduction | Improvements made to commercial property | Up to $10,000 in assessed value | Must apply with the assessor's office |
| Fire and Ambulance | Primary residence of a volunteer firefighter or ambulance worker | Up to $4,000 in assessed value | Must apply with the assessor's office |
| Historical | Buildings that are historically significant | Up to 50% of assessed value | Must apply with the assessor's office |
| Solar or Wind Energy | Property with solar or wind energy systems | 100% of assessed value for five years | Must apply with the assessor's office |
It is important to note that eligibility and requirements may vary based on individual circumstances. Homeowners are encouraged to contact the local assessor's office for more information and to determine eligibility for these tax relief options.
When is Oswego County Property Tax due ?
Oswego County Property Tax Due Date and Payment Methods
When it comes to Oswego County Property Tax, the due date varies depending on the town or city you reside in. Typically, though, the tax payment due date is on January 31st of every year. However, it is recommended to check with the local town or city officials to confirm the exact due date.
In terms of payment methods, there are several options available for paying property taxes in Oswego County:
-
In person: You can make your tax payment in person at the local Town or City Clerk’s office. Cash, check, or money order are accepted forms of payment.
-
By mail: You can mail your payment to the address indicated on the tax bill. It is recommended to use a check or money order, and you should make sure to include the payment stub with your payment.
-
Online: You can pay your taxes online through the Oswego County website. This option is available 24/7 and accepts payments using electronic checks, debit cards, or credit cards.
-
By phone: You can also make your tax payment over the phone by calling the Oswego County Treasurer’s office. Payments are accepted using electronic checks, debit cards, or credit cards.
It is important to note that if you are unable to make the full payment by the due date, you may be eligible for a payment plan. Contact the local Town or City Clerk’s office for more information on payment plans or to discuss any issues with paying your property taxes on time.
In summary, property taxes in Oswego County are typically due on January 31st, and payments can be made in person, by mail, online, or over the phone. Make sure to confirm the exact due date with the local town or city officials, and contact them if you need assistance with payment options or a payment plan.
If you have more questions - contact your local tax collector.
How is Oswego County Property Tax penalty calculated ?
Oswego County calculates property tax penalties based on a specific formula. The penalty is determined by the percentage of the unpaid taxes and the length of time they are overdue. Here's how it works:
- If the taxes are paid within one month (30 days) of the due date, there is a penalty of 2%.
- For payments made between one and two months late, the penalty is 3%.
- Between two and three months late, the penalty increases to 4%.
- If the taxes remain unpaid for more than three months, the penalty is 5%.
To better understand how this penalty is calculated, consider the following example:
John owns a property in Oswego County and his property taxes are due on January 1st. If he does not pay his taxes by January 31st, a penalty of 2% will be added to the amount owed. If he still hasn't paid by February 28th, the penalty will increase to 3%.
Let's say John owes $10,000 in property taxes for the year. If he pays the taxes on time, he will only owe the original $10,000. But if he waits until February 28th to pay, he will owe an additional $300 (3% of $10,000). If he waits until April 1st to pay, he will owe a total of $10,500, including the 5% penalty.
It's important to note that these penalties are in addition to any interest that may accrue on unpaid taxes. So, it's always best to pay property taxes on time to avoid unnecessary fees and charges.
We recommend contacting the Oswego County Tax Office or a local tax professional for the most up-to-date and accurate information.