Glen Aubrey, New York Property Taxes
The median property tax rate in Glen Aubrey, NY is 3.18%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Glen Aubrey at $122,642, the typical annual property tax bill reaches $3,779, exceeding the national median of $2,690. Property taxes in Glen Aubrey are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glen Aubrey's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Glen Aubrey or another part of Broome County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Aubrey, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.18%
Estimate Property Tax Bill
$3,900
$3,856
Ownwell’s Glen Aubrey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Aubrey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Aubrey to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glen Aubrey, New York
Property taxes in Glen Aubrey, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Aubrey is 3.18%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Glen Aubrey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Aubrey estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Glen Aubrey's effective property tax rate to other counties in New York and the national median. For comparison, the 13777 zip code has the highest median property tax rate of 3.18%, while the same zip code also has the lowest median tax rate of 3.18%. Understanding how these areas compare with Glen Aubrey provides valuable insights into the varying tax landscape across Broome County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Aubrey Tax Rate
3.18%
Average Broome County Tax Rate
3.50%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Aubrey, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13777 | 2.70% | 2.70% | 3.18% | 3.57% | 3.62% |
Source: Ownwell
Property Tax Assessment Values Across Glen Aubrey, New York
In Glen Aubrey, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Broome County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Glen Aubrey, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Glen Aubrey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $122,642, with tax bills ranging from $2,297 at the 25th percentile to $6,613 at the 90th percentile. The highest and lowest median tax bills are both $3,779 in zip code 13777.
Average Glen Aubrey Assessed Value
$122,642
Average Broome County Assessed Value
$113,808
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Aubrey, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13777 | $43,004 | $73,962 | $122,642 | $169,811 | $202,264 |
Source: Ownwell
Property Tax Bills Across Glen Aubrey, New York
In Glen Aubrey, located in Broome County, NY, property tax bills are calculated based on the assessed value of a property. The local tax assessor determines this value, which is then multiplied by the tax rate set by the county and other taxing authorities. Factors influencing the tax bill include the property's market value, any improvements made, and local tax rates. Homeowners in Glen Aubrey experience a range of property tax bills. For instance, the 25th percentile tax bill is $2,297, while the 75th percentile reaches $5,254, and the 90th percentile hits $6,613. These figures highlight the variability in tax burdens, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Glen Aubrey's tax rates can result in higher-than-average tax bills, especially for more valuable properties. Understanding these factors is crucial for homeowners to manage their property tax obligations effectively.
Average Glen Aubrey Tax Bill
$3,779
Average Broome County Tax Bill
$4,421
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Aubrey, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13777 | $1,323 | $2,297 | $3,779 | $5,254 | $6,613 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Broome Assessment Review Commission | |
| Website | gis.broomecountyny.gov |