Bainbridge, New York Property Taxes
The median property tax rate in Bainbridge, NY is 3.12%, 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 Bainbridge at $114,200, the typical annual property tax bill reaches $3,450, exceeding the national median of $2,690. Property taxes in Bainbridge 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 Bainbridge'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 Bainbridge 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
Bainbridge, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.12%
Estimate Property Tax Bill
$3,563
$3,523
Ownwell’s Bainbridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bainbridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bainbridge 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 Bainbridge, New York
Property taxes in Bainbridge, 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 Bainbridge is 3.12%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bainbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bainbridge 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 Bainbridge's effective property tax rate to other areas in Delaware County and the national median. For comparison, the 13733 zip code has the highest median property tax rate of 3.12%, while the same zip code also has the lowest median tax rate of 3.12%. Understanding how these areas compare with Bainbridge provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bainbridge Tax Rate
3.12%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bainbridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13733 | 2.68% | 3.12% | 3.12% | 3.12% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Bainbridge, New York
In Bainbridge, 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 Delaware 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 Bainbridge, 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 Bainbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bainbridge is $114,200, with tax bills ranging significantly. For example, tax bills at the 25th percentile are around $2,939, while those at the 75th percentile are approximately $4,747. The highest median tax bill is $3,450 in the 13733 zip code, which is also the lowest median tax bill, highlighting a consistent tax environment.
Average Bainbridge Assessed Value
$114,200
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bainbridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13733 | $76,600 | $94,300 | $114,200 | $157,850 | $211,440 |
Source: Ownwell
Property Tax Bills Across Bainbridge, New York
In Bainbridge, Delaware County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects a percentage of the property's market value. Homeowners in Bainbridge experience property tax bills that vary significantly, with the 25th percentile at $2,939 and the 75th percentile reaching $4,747. At the 90th percentile, homeowners might see tax bills as high as $6,275. The local tax rate is applied to the assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Bainbridge's property taxes can be substantial. This impacts homeowners by contributing to the overall cost of owning property, influencing decisions on buying or selling homes, and potentially affecting the affordability of living in the area.
Average Bainbridge Tax Bill
$3,450
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Bainbridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13733 | $2,388 | $2,939 | $3,450 | $4,747 | $6,275 |
Source: Ownwell