Westmoreland, New York Property Taxes
The median property tax rate in Westmoreland, NY is 2.28%, 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 Westmoreland at $165,698, the typical annual property tax bill reaches $3,479, exceeding the national median of $2,690. Property taxes in Westmoreland 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 Westmoreland'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 Westmoreland 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
Westmoreland, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$3,778
$3,735
Ownwell’s Westmoreland Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Westmoreland with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Westmoreland to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Westmoreland, New York
Property taxes in Westmoreland, 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 Westmoreland is 2.28%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Westmoreland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westmoreland 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 Westmoreland's effective property tax rate to other counties in New York and the national median. For comparison, the 13490 zip code has both the highest and lowest median property tax rate of 2.28%. Understanding how these cities compare with Westmoreland 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 Westmoreland Tax Rate
2.28%
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 Westmoreland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13490 | 0.56% | 2.20% | 2.28% | 2.28% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Westmoreland, New York
In Westmoreland, 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 Westmoreland, 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. For instance, the median home price in Westmoreland is $165,698, with tax bills ranging from $2,315 at the 25th percentile to $5,662 at the 90th percentile. The zip code 13490 has the highest median tax bill at $3,479. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westmoreland Assessed Value
$165,698
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 Westmoreland, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13490 | $83,883 | $130,116 | $165,698 | $203,953 | $259,093 |
Source: Ownwell
Property Tax Bills Across Westmoreland, New York
In Westmoreland, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $165,698, homeowners in Westmoreland can expect their property tax bills to vary significantly. The 25th percentile tax bill is approximately $2,315, while the 75th percentile tax bill reaches around $4,447. At the higher end, the 90th percentile tax bill can be as much as $5,662. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Homeowners in Westmoreland should be aware that their tax bills may differ from the national median property tax rate of 0.99%. Understanding these calculations can help homeowners better anticipate and manage their annual property tax expenses, ensuring they are prepared for any financial obligations related to their property.
Average Westmoreland Tax Bill
$3,479
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 Westmoreland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13490 | $1,019 | $2,315 | $3,479 | $4,447 | $5,662 |
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 |