Stafford, New York Property Taxes
The median property tax rate in Stafford, NY is 3.23%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Stafford at $155,300, the typical annual property tax bill reaches $5,018, far exceeding the national median of $2,690. Property taxes in Stafford 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 Stafford'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 Stafford 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
Stafford, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.23%
Estimate Property Tax Bill
$5,016
$4,960
Ownwell’s Stafford Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stafford with just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Stafford to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in more granular trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Stafford, New York
Property taxes in Stafford, 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 Stafford is 3.23%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Stafford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stafford 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 Stafford's effective property tax rate to other counties in New York and the national median. For comparison, the 14143 zip code has the highest median property tax rate of 3.23%, while the same zip code also has the lowest median tax rate of 3.23%. Understanding how these areas compare with Stafford 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 Stafford Tax Rate
3.23%
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 Stafford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14143 | 2.94% | 3.10% | 3.23% | 3.31% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Stafford, New York
In Stafford, 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 Genesee 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 Stafford, 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 Stafford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,018, found in zip code 14143, while the lowest is also $5,018 in the same zip code.
Average Stafford Assessed Value
$155,300
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 Stafford, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14143 | $58,000 | $113,300 | $155,300 | $195,600 | $261,040 |
Source: Ownwell
Property Tax Bills Across Stafford, New York
In Stafford, located in Genesee County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Stafford is $155,300, and property tax rates are applied to this assessed value. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. Homeowners in Stafford can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $3,646, while the 75th percentile sees tax bills rise to approximately $6,324. Those at the 90th percentile face even higher bills, reaching up to $8,328. These figures illustrate the range homeowners might encounter, influenced by the assessed value and the specific tax rate applied. Comparatively, Stafford's property tax rates are higher than the national median property tax rate of 0.99%, which can impact homeowners' financial planning and the overall cost of owning a home in this area.
Average Stafford Tax Bill
$5,018
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 Stafford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14143 | $1,733 | $3,646 | $5,018 | $6,324 | $8,328 |
Source: Ownwell