Rushville, New York Property Taxes
The median property tax rate in Rushville, NY is 2.01%, 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 Rushville at $253,650, the typical annual property tax bill reaches $5,014, significantly exceeding the national median of $2,690. Property taxes in Rushville 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 Rushville'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 Rushville 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
Rushville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$5,098
$5,041
Ownwell’s Rushville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rushville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rushville 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 Ontario County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rushville, New York
Property taxes in Rushville, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rushville is 2.01%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Rushville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rushville 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 Rushville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14544 has the highest median property tax rate of 2.01%, while the lowest median tax rate is also 2.01%. Understanding how these cities compare with Rushville provides valuable insights into the varying tax landscape across Ontario County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rushville Tax Rate
2.01%
Average Ontario County Tax Rate
2.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rushville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14544 | 1.97% | 1.99% | 2.01% | 2.03% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Rushville, New York
In Rushville, 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 Ontario 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 Rushville, 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 Rushville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rushville is $253,650. The 25th percentile tax bill is $3,100, while the 75th percentile tax bill reaches $11,376. The highest median tax bill in the area is $5,014 in zip code 14544.
Average Rushville Assessed Value
$253,650
Average Ontario County Assessed Value
$176,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rushville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14544 | $78,110 | $145,450 | $253,650 | $583,150 | $946,200 |
Source: Ownwell
Property Tax Bills Across Rushville, New York
In Rushville, located in Ontario County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's market value, location, and any applicable exemptions play a significant role in this calculation. For instance, the median home price in Rushville is $253,650, which gives homeowners an idea of what their property might be assessed at. Tax bills can vary widely; the 25th percentile tax bill is $3,100, indicating that 25% of homeowners pay this amount or less annually. On the higher end, the 75th percentile tax bill reaches $11,376, with the 90th percentile hitting $17,942. The highest median tax bill in the area is $5,014, which is significantly above the national median property tax rate of 0.99%. These variations can substantially impact homeowners' financial planning and overall cost of living in Rushville.
Average Rushville Tax Bill
$5,014
Average Ontario County Tax Bill
$4,698
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Rushville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14544 | $1,641 | $3,100 | $5,014 | $11,376 | $17,942 |
Source: Ownwell