Oneonta, New York Property Taxes
The median property tax rate in Oneonta, NY is 2.46%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $142,500 in Oneonta, the typical annual property tax bill reaches $3,223, far exceeding the national median of $2,690. Property taxes in Oneonta are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oneonta's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Oneonta 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
Oneonta, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$3,506
$3,466
Ownwell’s Oneonta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oneonta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oneonta 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 Oneonta, New York
Property taxes in Oneonta, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oneonta is 2.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Oneonta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oneonta 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 Oneonta's effective property tax rate to other regions and the national median. For comparison, the zip code 13820 has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these cities compare with Oneonta 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 Oneonta Tax Rate
2.46%
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 Oneonta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13820 | 2.07% | 2.07% | 2.46% | 2.62% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Oneonta, New York
In Oneonta, 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 Oneonta, 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. Oneonta's median home price is $142,500, with tax bills ranging from $2,165 at the 25th percentile to $7,339 at the 90th percentile. The highest and lowest median tax bills in the area are both $3,223, found in zip code 13820. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oneonta Assessed Value
$142,500
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 Oneonta, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13820 | $46,809 | $97,872 | $142,500 | $204,300 | $300,040 |
Source: Ownwell
Property Tax Bills Across Oneonta, New York
In Oneonta, located in Delaware County, NY, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is a percentage of the property's market value, determined by local assessors. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Oneonta can expect tax bills that vary widely. For instance, those in the 25th percentile pay around $2,165, while those in the 75th percentile see bills closer to $4,904. The 90th percentile tax bill can reach up to $7,339. The median property tax rate in Oneonta is significantly higher than the national median of 0.99%, reflecting the region's specific valuation and tax policies. These tax bills can impact homeowners significantly, influencing decisions on homeownership and financial planning. Higher property taxes can affect affordability, making it crucial for homeowners to understand their tax obligations and potential exemptions.
Average Oneonta Tax Bill
$3,223
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 Oneonta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13820 | $1,037 | $2,165 | $3,223 | $4,904 | $7,339 |
Source: Ownwell