Alexander, New York Property Taxes
The median property tax rate in Alexander, NY is 3.01%, 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 Alexander, the typical annual property tax bill reaches $4,528, exceeding the national median of $2,690. Property taxes in Alexander 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 Alexander'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 Alexander 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
Alexander, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.01%
Estimate Property Tax Bill
$4,518
$4,467
Ownwell’s Alexander Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexander with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexander 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 Alexander, New York
Property taxes in Alexander, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexander is 3.01%, significantly higher than the U.S. national median of 0.99%. Local government entities within Alexander set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexander 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 Alexander's effective property tax rate to other areas in New York and the national median. For comparison, the 14005 zip code has both the highest and lowest median property tax rate of 3.01%. Understanding how these cities compare with Alexander provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexander Tax Rate
3.01%
Average Genesee County Tax Rate
3.18%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexander, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14005 | 2.62% | 2.99% | 3.01% | 3.01% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Alexander, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alexander, NY. 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 Genesee 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 Alexander, 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. For instance, the highest median tax bill in Alexander is $4,528 in zip code 14005, while the lowest median tax bill is also $4,528 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alexander Assessed Value
$150,100
Average Genesee County Assessed Value
$137,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexander, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14005 | $70,460 | $116,450 | $150,100 | $193,150 | $268,900 |
Source: Ownwell
Property Tax Bills Across Alexander, New York
In Alexander, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor, who evaluates various factors such as the property's market value, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, in Genesee County, where Alexander is located, the median home price is $150,100. Homeowners in this area can expect to pay property taxes ranging from $3,477 at the 25th percentile to $7,939 at the 90th percentile. The median property tax bill in the highest and lowest zip codes within the county is $4,528. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in budgeting and financial planning, ensuring they are prepared for their annual tax obligations.
Average Alexander Tax Bill
$4,528
Average Genesee County Tax Bill
$4,359
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexander, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14005 | $2,220 | $3,477 | $4,528 | $5,790 | $7,939 |
Source: Ownwell