Greig, New York Property Taxes
The median property tax rate in Greig, NY is 2.24%, 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 Greig at $110,950, the typical annual property tax bill reaches $2,401, slightly below the national median of $2,690. Property taxes in Greig 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 Greig'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 Greig 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
Greig, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$2,485
$2,457
Ownwell’s GREIG Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in GREIG with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GREIG 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 Greig, New York
Property taxes in Greig, 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 Greig is 2.24%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Greig set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greig 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 Greig's effective property tax rate to other counties in New York and the national median. For comparison, the 13345 zip code has the highest median property tax rate of 2.24%, while the same zip code also has the lowest median tax rate of 2.24%. Understanding how these cities compare with Greig provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Greig Tax Rate
2.24%
Average Lewis County Tax Rate
2.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greig, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13345 | 2.12% | 2.24% | 2.24% | 2.24% | 2.24% |
Source: Ownwell
Property Tax Assessment Values Across Greig, New York
In Greig, 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 Lewis 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 Greig, 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 Greig helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Greig are both $2401, found in the 13345 zip code.
Average Greig Assessed Value
$110,950
Average Lewis County Assessed Value
$102,300
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Greig, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13345 | $36,120 | $70,700 | $110,950 | $170,625 | $281,280 |
Source: Ownwell
Property Tax Bills Across Greig, New York
In Greig, located in Lewis County, NY, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Greig is $110,950. To determine the tax bill, local authorities first assess the property's value. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Various factors, such as property size, location, and market conditions, influence the assessed value. Homeowners in Greig experience a range of tax bills. For instance, at the 25th percentile, the tax bill is $1,508, while at the 75th percentile, it rises to $3,667. At the higher end, the 90th percentile tax bill reaches $6,028. These figures reflect how property taxes can significantly impact household budgets. Comparatively, the national median property tax rate is 0.99%, highlighting the variability in tax burdens across different regions. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Greig Tax Bill
$2,401
Average Lewis County Tax Bill
$2,429
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Greig, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13345 | $808 | $1,508 | $2,401 | $3,667 | $6,028 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Lewis Assessment Review Commission | |
| Website | lewiscountyny.gov |