Kill Buck, New York Property Taxes
The median property tax rate in Kill Buck, NY is 1.28%, 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 Kill Buck, the typical annual property tax bill reaches $1,085, which is below the national median of $2,690. Property taxes in Kill Buck 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 Kill Buck'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 Kill Buck 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
Kill Buck, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$987
$975
Ownwell’s Kill Buck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kill Buck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kill Buck 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 Kill Buck, New York
Property taxes in Kill Buck, New York, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kill Buck is 1.28%, which is higher than the U.S. national median of 0.99%. Local government entities within Kill Buck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kill Buck 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 Kill Buck's effective property tax rate to other counties in New York and the national median. For comparison, the 14748 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with Kill Buck 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 Kill Buck Tax Rate
1.28%
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 Kill Buck, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14748 | 1.15% | 1.28% | 1.28% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Kill Buck, New York
In Kill Buck, 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 local 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 Kill Buck, 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 Kill Buck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in the area is $77,073, with tax bills ranging from $632 at the 25th percentile to $2,416 at the 90th percentile. Notably, the zip code 14748 has both the highest and lowest median tax bill at $1,085.
Average Kill Buck Assessed Value
$77,073
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 Kill Buck, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14748 | $20,373 | $42,953 | $77,073 | $117,012 | $178,219 |
Source: Ownwell
Property Tax Bills Across Kill Buck, New York
In Kill Buck, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a fraction of the home's market value, which is then multiplied by the tax rate set by local authorities. Various factors, such as property size, location, and condition, influence the assessed value. For instance, the median home price in Kill Buck is $77,073. Homeowners in Kill Buck can expect property tax bills that vary significantly. The 25th percentile tax bill is around $632, while the 75th percentile tax bill reaches $1,617. Those in the 90th percentile face tax bills as high as $2,416. This range indicates how property taxes can impact homeowners differently based on the value and characteristics of their property. Compared to the national median property tax rate of 0.99%, homeowners in Kill Buck experience a diverse range of tax obligations, highlighting the importance of understanding local tax assessments and rates.
Average Kill Buck Tax Bill
$1,085
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 Kill Buck, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14748 | $318 | $632 | $1,085 | $1,617 | $2,416 |
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 |