Alder Creek, New York Property Taxes
The median property tax rate in Alder Creek, NY is 1.95%, 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 Alder Creek, the typical annual property tax bill reaches $2,468, slightly below the national median of $2,690. Property taxes in Alder Creek 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 Alder Creek'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 Alder Creek 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
Alder Creek, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$2,975
$2,941
Ownwell’s Alder Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alder Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alder Creek 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 Alder Creek, New York
Property taxes in Alder Creek, 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 Alder Creek is 1.95%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Alder Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alder Creek 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 Alder Creek's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13301 has the highest median property tax rate of 1.95%, while the same zip code also holds the lowest median tax rate of 1.95%. Understanding how these areas compare with Alder Creek provides valuable insights into the varying tax landscape across Oneida County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alder Creek Tax Rate
1.95%
Average Oneida County Tax Rate
2.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alder Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13301 | 0.67% | 1.90% | 1.95% | 1.95% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Alder Creek, New York
In Alder Creek, 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 Oneida 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 Alder Creek, 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 Alder Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Alder Creek is $2,468 in the 13301 zip code.
Average Alder Creek Assessed Value
$152,542
Average Oneida County Assessed Value
$126,923
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alder Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13301 | $63,051 | $100,466 | $152,542 | $190,812 | $242,403 |
Source: Ownwell
Property Tax Bills Across Alder Creek, New York
In Alder Creek, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and market conditions influence its assessed value. For instance, the median home price in Alder Creek is $152,542, which serves as a benchmark for many tax calculations. Homeowners in Alder Creek can expect a wide range of tax bills. At the lower end, the 25th percentile tax bill is $1,285, while at the higher end, the 75th percentile tax bill reaches $3,793. For those at the 90th percentile, tax bills can climb to $5,162. Comparatively, the national median property tax rate is 0.99%, making Alder Creek's tax landscape quite varied. These tax bills significantly impact homeowners by influencing their overall housing costs and potentially affecting property values in the long term.
Average Alder Creek Tax Bill
$2,468
Average Oneida County Tax Bill
$2,574
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Alder Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13301 | $901 | $1,285 | $2,468 | $3,793 | $5,162 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oneida Assessment Review Commission | |
| Website | app.regrid.com |