Bouckville, New York Property Taxes
The median property tax rate in Bouckville, NY is 2.81%, 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 Bouckville, the typical annual property tax bill reaches $3,163, exceeding the national median of $2,690. Property taxes in Bouckville 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 Bouckville'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 Bouckville 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
Bouckville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$3,106
$3,071
Ownwell’s Bouckville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bouckville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bouckville 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 Bouckville, New York
Property taxes in Bouckville, New York, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Bouckville is 2.81%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bouckville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bouckville 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 Bouckville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13310 has the highest median property tax rate of 2.81%, while the same zip code also has the lowest median tax rate of 2.81%. Understanding how these cities compare with Bouckville provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bouckville Tax Rate
2.81%
Average Madison County Tax Rate
3.06%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bouckville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13310 | 2.79% | 2.79% | 2.81% | 2.96% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Bouckville, New York
In Bouckville, 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 Madison 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 Bouckville, 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 Bouckville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 13310 has the highest and lowest median tax bill at $3,163.
Average Bouckville Assessed Value
$110,526
Average Madison County Assessed Value
$136,471
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bouckville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13310 | $47,368 | $76,641 | $110,526 | $157,895 | $194,737 |
Source: Ownwell
Property Tax Bills Across Bouckville, New York
In Bouckville, located in Madison County, NY, property tax bills are calculated based on the assessed value of a property 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. This value is then multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For example, the median home price in Bouckville is $110,526, resulting in varying tax bills across different percentiles. Homeowners in the 25th percentile pay around $2,198, while those in the 75th percentile see bills of approximately $4,437. At the 90th percentile, tax bills can reach up to $5,459. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and public safety. Understanding how these taxes are calculated can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Bouckville Tax Bill
$3,163
Average Madison County Tax Bill
$4,460
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Bouckville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13310 | $1,336 | $2,198 | $3,163 | $4,437 | $5,459 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Madison Assessment Review Commission | |
| Website | property.madisoncounty.ny.gov |