Henderson, New York Property Taxes
The median property tax rate in Henderson, NY is 1.74%, 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 Henderson at $163,182, the typical annual property tax bill reaches $2,833, exceeding the national median of $2,690. Property taxes in Henderson 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 Henderson'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 Henderson 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
Henderson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$2,839
$2,807
Ownwell’s Henderson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henderson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henderson 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 Henderson, New York
Property taxes in Henderson, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henderson is 1.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Henderson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henderson 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 Henderson's effective property tax rate to other areas and the national median. For comparison, the 13650 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these areas compare with Henderson provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Henderson Tax Rate
1.74%
Average Jefferson County Tax Rate
1.81%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henderson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13650 | 1.74% | 1.74% | 1.74% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Henderson, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Henderson, New York. The market value represents 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 Jefferson 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 Henderson, 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. The zip code 13650 has the highest median tax bill at $2,833. Being aware of these valuation processes in Henderson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Henderson Assessed Value
$163,182
Average Jefferson County Assessed Value
$134,468
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Henderson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13650 | $47,465 | $85,719 | $163,182 | $255,504 | $369,907 |
Source: Ownwell
Property Tax Bills Across Henderson, New York
Property tax bills in Henderson, Jefferson County, NY, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the local assessor and is meant to represent the market value of the property. Homeowners in Henderson face a range of property tax bills, with the 25th percentile paying around $1,460 annually and the 75th percentile paying up to $4,466. The highest median tax bill in the area is $2,833, consistent across the zip code 13650. Factors such as property size, location, and market conditions significantly influence the assessed value. For instance, the median home price in Henderson is $163,182, which can give homeowners an idea of what to expect in terms of property taxes. Compared to the national median property tax rate of 0.99%, Henderson's property tax rates can have a substantial impact on homeowners, affecting their annual budgeting and long-term financial planning.
Average Henderson Tax Bill
$2,833
Average Jefferson County Tax Bill
$2,407
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Henderson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13650 | $804 | $1,460 | $2,833 | $4,466 | $6,431 |
Source: Ownwell