Bloomville, New York Property Taxes
The median property tax rate in Bloomville, NY is 2.55%, 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 Bloomville, the typical annual property tax bill reaches $3,494, exceeding the national median of $2,690. Property taxes in Bloomville 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 Bloomville'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 Bloomville 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
Bloomville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.55%
Estimate Property Tax Bill
$3,524
$3,484
Ownwell’s Bloomville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomville 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 Bloomville, New York
Property taxes in Bloomville, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomville is 2.55%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bloomville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomville 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 Bloomville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13739 has the highest median property tax rate of 2.55%, while the same zip code also has the lowest median tax rate of 2.55%. Understanding how these cities compare with Bloomville 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 Bloomville Tax Rate
2.55%
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 Bloomville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13739 | 2.37% | 2.55% | 2.55% | 2.56% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Bloomville, New York
In Bloomville, 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 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 Bloomville, 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. The median home price in Bloomville is $138,200, with tax bills ranging from $2,179 at the 25th percentile to $7,241 at the 90th percentile. The highest median tax bill is $3,494 in the 13739 zip code, which also has the lowest median tax bill at $3,494. 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 Bloomville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bloomville Assessed Value
$138,200
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 Bloomville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13739 | $44,400 | $85,225 | $138,200 | $198,525 | $280,610 |
Source: Ownwell
Property Tax Bills Across Bloomville, New York
In Bloomville, located in Delaware 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 a percentage of the property's market value. Once the assessed value is established, local tax rates are applied to calculate the tax bill. These rates can vary depending on the specific needs and budgets of local municipalities, school districts, and other taxing entities. For instance, with a median home price of $138,200 in Bloomville, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $2,179, while the 75th percentile tax bill reaches $5,025. At the 90th percentile, tax bills can soar to $7,241. These figures highlight the variability in tax burdens, influenced by factors such as property value assessments and local tax rates. Comparatively, Bloomville's property tax rates can be higher than the national median property tax rate of 0.99%, significantly impacting homeowners' annual financial planning and overall cost of living.
Average Bloomville Tax Bill
$3,494
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 Bloomville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13739 | $1,134 | $2,179 | $3,494 | $5,025 | $7,241 |
Source: Ownwell