Cato, Onondaga County, New York Property Taxes
Median Cato, NY effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Cato, NY home value: $219,300
Median annual Cato, NY tax bill: $4,865, $2,465 higher than the national median property tax bill of $2,400.
How are property taxes in Onondaga calculated?
Property taxes in Cato, NY 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 Cato’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cato, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cato, Onondaga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.22%
Estimate Property Tax Bill
$4,868
$4,518
Property Tax Rates Across Cato, Onondaga County, New York
Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Cato, located in Cayuga County, New York, the effective property tax rate can be compared to other cities in New York and the median property tax rates in New York and the U.S. The median property tax rate in New York is 1.68%, higher than the national median of 1.02%. In Onondaga County, the median property tax rate is significantly higher at 2.22%. This means property owners in Cato might face higher tax bills compared to the national average. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively.
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 Cato Tax Rate
2.22%
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 Onondaga County Tax Rate
3.38%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cato, Onondaga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13033 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cato, Onondaga County, New York
When examining property taxes in Cato, NY, 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 Onondaga County Department of Assessment 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.
In Onondaga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cato. For example, the median home price in Cato is $219,300, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Cato, Onondaga County, New York
Source: Ownwell
$72,464
$223,299
$374,133
Median Cato Market Value
$219,300
Median Onondaga County Market Value
$152,577
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cato, Onondaga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13033 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cato, Onondaga County, New York
In Cato, Onondaga County, NY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on a percentage of the property's market value, which is determined by the local assessor. Factors such as location, size, and property improvements can influence this market value. Homeowners in Cato experience a median property tax bill of $4,186 at the 25th percentile, which is significantly higher than the national median of $2,400. At the 75th percentile, homeowners face a tax bill of $5,544, and those at the 90th percentile see bills up to $5,951.
This substantial tax burden can be challenging for homeowners, but Ownwell offers a solution. By reviewing your property's assessment and identifying potential discrepancies, Ownwell can help you appeal your property tax bill. Their expertise in navigating the complexities of property tax laws ensures that you have the best chance of reducing your tax liability, ultimately saving you money and providing peace of mind.
Median Cato Tax Bill
$4,865
Median Onondaga County Tax Bill
$5,213
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Cato, Onondaga County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13033 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Onondaga Assessment Review Commission | |
| Website | onondaga.go2gov.net |