Harford, New York Property Taxes
The median property tax rate in Harford, NY is 1.90%, 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 Harford at $82,500, the typical annual property tax bill reaches $1,363, exceeding the national median of $2,690. Property taxes in Harford 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 Harford'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 Harford 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
Harford, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$1,568
$1,550
Ownwell’s Harford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harford 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 Harford, New York
Property taxes in Harford, 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 Harford is 1.90%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Harford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harford 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 Harford's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13784 has both the highest and lowest median property tax rate of 1.90%. Understanding how these cities compare with Harford provides valuable insights into the varying tax landscape across Cortland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harford Tax Rate
1.90%
Average Cortland County Tax Rate
3.26%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13784 | 0.69% | 1.33% | 1.90% | 2.28% | 4.03% |
Source: Ownwell
Property Tax Assessment Values Across Harford, New York
In Harford, 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 Cortland 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 Harford, 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 Harford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13784, with a median bill of $1,363, while the lowest median tax bill is also in 13784, with the same median bill of $1,363.
Average Harford Assessed Value
$82,500
Average Cortland County Assessed Value
$117,179
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harford, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13784 | $20,528 | $46,000 | $82,500 | $116,000 | $163,000 |
Source: Ownwell
Property Tax Bills Across Harford, New York
Property tax bills in Harford, NY, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. In Harford, the median home price is $82,500, and the tax bills can vary widely. For example, the tax bill at the 25th percentile is $580, while at the 75th percentile, it rises to $2,788, and at the 90th percentile, it reaches $4,120. These figures reflect the variability in property values and the corresponding tax obligations. Compared to the national median property tax rate of 0.99%, Harford's rates can lead to significantly different tax bills, impacting homeowners' financial planning and housing affordability. Understanding how these factors interplay is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Harford Tax Bill
$1,363
Average Cortland County Tax Bill
$3,928
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Harford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13784 | $191 | $580 | $1,363 | $2,788 | $4,120 |
Source: Ownwell