Durhamville, New York Property Taxes
The median property tax rate in Durhamville, NY is 2.53%, 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 Durhamville at $122,807, the typical annual property tax bill reaches $3,061, exceeding the national median of $2,690. Property taxes in Durhamville 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 Durhamville'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 Durhamville 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
Durhamville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$3,107
$3,072
Ownwell’s Durhamville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durhamville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durhamville 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 Durhamville, New York
Property taxes in Durhamville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Durhamville is 2.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Durhamville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durhamville 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 Durhamville's effective property tax rate to other counties in New York and the national median. For comparison, the highest median property tax rate in the area is also 2.53%, found in the zip code 13054, while the lowest median tax rate is similarly 2.53%, also in the zip code 13054. Understanding how these areas compare with Durhamville 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 Durhamville Tax Rate
2.53%
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 Durhamville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13054 | 0.80% | 2.42% | 2.53% | 2.91% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Durhamville, New York
In Durhamville, 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 Durhamville, 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 median home price in Durhamville is $122,807, with the 25th percentile tax bill at $2,008 and the 75th percentile tax bill at $4,182. The highest and lowest median tax bills are both $3,061 in the zip code 13054. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Durhamville Assessed Value
$122,807
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 Durhamville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13054 | $78,947 | $101,754 | $122,807 | $169,149 | $232,421 |
Source: Ownwell
Property Tax Bills Across Durhamville, New York
In Durhamville, located in Oneida County, NY, property tax bills are determined by several key factors. The primary factor is the assessed value of the home, which is determined by the local tax assessor’s office. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, the median home price in Durhamville is $122,807. Homeowners in the 25th percentile can expect a tax bill around $2,008, while those in the 75th percentile may see bills closer to $4,182. For those in the 90th percentile, tax bills can reach up to $6,267. These tax bills reflect the community's funding needs for public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Durhamville's rates can significantly impact homeowners' annual expenses. Understanding these factors allows homeowners to better anticipate their financial obligations and plan accordingly.
Average Durhamville Tax Bill
$3,061
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 Durhamville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13054 | $981 | $2,008 | $3,061 | $4,182 | $6,267 |
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 |