Irving, New York Property Taxes
The median property tax rate in Irving, NY is 1.46%, which is considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Irving at $146,200, the typical annual property tax bill reaches $2,020, falling below the national median of $2,690. Property taxes in Irving 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 Irving'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 Irving or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irving, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,135
$2,110
Ownwell’s Irving Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irving with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irving 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 Irving, New York
Property taxes in Irving, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Irving is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Irving set these rates annually, and they can vary across different neighborhoods. Each year, Irving 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 Irving's effective property tax rate to other counties in New York and the national median. For comparison, the 14081 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Irving provides valuable insights into the varying tax landscape across Cattaraugus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irving Tax Rate
1.46%
Average Cattaraugus County Tax Rate
1.53%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irving, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14081 | 1.22% | 1.26% | 1.46% | 1.47% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Irving, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Irving, NY. 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 Cattaraugus County Appraisal District 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 Irving, 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 Irving helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Irving is $2020.00 in zip code 14081, which is also the lowest.
Average Irving Assessed Value
$146,200
Average Cattaraugus County Assessed Value
$88,597
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irving, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14081 | $114,000 | $127,500 | $146,200 | $261,500 | $390,200 |
Source: Ownwell
Property Tax Bills Across Irving, New York
In Irving, located in Cattaraugus County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's location, size, and market value play a crucial role in this assessment process. Homeowners in Irving experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,719, while the 75th percentile reaches $2,999, and the 90th percentile can be as high as $4,183. These figures indicate that tax bills can vary significantly based on the property's assessed value and the applicable tax rates. Compared to the national median property tax rate of 0.99%, Irving's tax bills reflect the unique characteristics of the local housing market. Homeowners must account for these taxes as part of their annual financial planning, impacting their overall cost of homeownership and potentially influencing decisions on buying or selling property.
Average Irving Tax Bill
$2,020
Average Cattaraugus County Tax Bill
$1,508
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Irving, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14081 | $1,562 | $1,719 | $2,020 | $2,999 | $4,183 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Cattaraugus Assessment Review Commission | |
| Website | maps.cattco.org |