Moira, New York Property Taxes
The median property tax rate in Moira, NY is 2.64%, 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 Moira at $68,431, the typical annual property tax bill reaches $1,669, exceeding the national median of $2,690. Property taxes in Moira 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 Moira'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 Moira 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
Moira, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$1,807
$1,786
Ownwell’s Moira Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moira with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moira 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 Moira, New York
Property taxes in Moira, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moira is 2.64%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Moira set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moira 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 Moira's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12957 has the highest median property tax rate of 2.64%, while the same zip code also has the lowest median tax rate of 2.64%. Understanding how these areas compare with Moira provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moira Tax Rate
2.64%
Average Franklin County Tax Rate
2.45%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moira, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12957 | 1.59% | 2.62% | 2.64% | 2.64% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Moira, New York
In Moira, 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 Franklin 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 Moira, 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 Moira 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 12957 at $1,669, which is the same as the lowest median tax bill in the area.
Average Moira Assessed Value
$68,431
Average Franklin County Assessed Value
$100,730
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moira, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12957 | $25,682 | $42,353 | $68,431 | $100,794 | $148,541 |
Source: Ownwell
Property Tax Bills Across Moira, New York
In Moira, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Homeowners in Moira can expect a median home price of $68,431, which influences their property tax bills. The local tax rate is applied to this assessed value, resulting in the annual property tax bill. Factors such as property size, location, and improvements can affect the assessed value, leading to variations in tax bills. In Moira, the 25th percentile tax bill is $1,035, while the 75th percentile reaches $2,531. The 90th percentile tax bill can go up to $3,809, indicating significant differences based on property characteristics and valuations. Comparatively, Moira's property tax rates and bills are influenced by the median tax bill of $1,669 in Franklin County, which is higher than the national median property tax rate of 0.99%. This affects homeowners by potentially increasing their annual expenses, emphasizing the importance of accurate property assessments and potential appeals.
Average Moira Tax Bill
$1,669
Average Franklin County Tax Bill
$2,460
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Moira, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12957 | $557 | $1,035 | $1,669 | $2,531 | $3,809 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Franklin Assessment Review Commission | |
| Website | maps.dancgis.org |