Northville, New York Property Taxes
The median property tax rate in Northville, NY is 0.85%, considerably lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Northville at $113,700, the typical annual property tax bill reaches $928, which is significantly below the national median of $2,690. Property taxes in Northville 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 Northville'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 Northville 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
Northville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$966
$956
Ownwell’s Northville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northville 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 Northville, New York
Property taxes in Northville, 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 Northville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Northville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northville 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 Northville's effective property tax rate to other areas in Hamilton County and the national median. For comparison, the zip code 12134 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Northville provides valuable insights into the varying tax landscape across Hamilton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Northville Tax Rate
0.85%
Average Hamilton County Tax Rate
0.85%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | 0.67% | 0.67% | 0.85% | 0.85% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Northville, New York
In Northville, 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 Hamilton 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 Northville, 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 Northville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Northville is $928.00 in zip code 12134, while the lowest median tax bill is also $928.00 in the same zip code.
Average Northville Assessed Value
$113,700
Average Hamilton County Assessed Value
$177,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Northville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | $43,590 | $67,450 | $113,700 | $180,575 | $244,910 |
Source: Ownwell
Property Tax Bills Across Northville, New York
In Northville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Northville is $113,700, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $546, while the 75th percentile tax bill is $1,447, and the 90th percentile tax bill reaches $2,014. These tax bills are influenced by several factors, including the assessed value of the property, any applicable exemptions, and the local tax rate. Homeowners in Northville might find their tax bills higher or lower depending on these variables. Compared to the national median property tax rate of 0.99%, Northville's rates can vary, impacting homeowners' financial planning and overall cost of living. Understanding these components is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Northville Tax Bill
$928
Average Hamilton County Tax Bill
$1,483
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Northville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | $371 | $546 | $928 | $1,447 | $2,014 |
Source: Ownwell