Athens, New York Property Taxes
The median property tax rate in Athens, NY is 2.18%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Athens at $243,580, the typical annual property tax bill reaches $5,212, exceeding the national median of $2,690. Property taxes in Athens 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 Athens'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 Athens 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
Athens, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$5,310
$5,250
Ownwell’s Athens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athens 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 Athens, New York
Property taxes in Athens, 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 Athens is 2.18%, significantly higher than the U.S. national median of 0.99%. Local government entities within Athens set these rates annually, and they can vary across different neighborhoods. Each year, Athens 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 Athens' effective property tax rate to other areas in Greene County and the national median. For comparison, the zip code 12015 has the highest median property tax rate of 2.18%, which is the same as the lowest median tax rate within the same zip code. Understanding how these cities compare with Athens provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athens Tax Rate
2.18%
Average Greene County Tax Rate
2.04%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athens, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12015 | 1.89% | 2.00% | 2.18% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Athens, New York
In Athens, 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 Greene 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 Athens, 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 Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12015 has both the highest and lowest median tax bill at $5,212.
Average Athens Assessed Value
$243,580
Average Greene County Assessed Value
$210,370
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athens, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12015 | $112,766 | $171,296 | $243,580 | $366,605 | $502,370 |
Source: Ownwell
Property Tax Bills Across Athens, New York
In Athens, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Homeowners in Athens face varying tax bills depending on several factors, including property size, location, and improvements. For example, the median home price in Athens is $243,580. The tax bill for homeowners can vary significantly, with the 25th percentile at $3,767 and the 75th percentile at $7,677. For those at the higher end, the 90th percentile tax bill can reach up to $10,778. This variation highlights the impact of property characteristics and local assessments on the overall tax bill. Compared to the national median property tax rate of 0.99%, Athens homeowners may find their tax rates to be relatively high, influenced by local fiscal policies and public service funding needs. Homeowners should be aware of these factors as they directly affect their annual financial obligations.
Average Athens Tax Bill
$5,212
Average Greene County Tax Bill
$4,183
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Athens, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12015 | $2,393 | $3,767 | $5,212 | $7,677 | $10,778 |
Source: Ownwell