Shortsville, New York Property Taxes
The median property tax rate in Shortsville, NY is 3.20%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Shortsville at $137,500, the typical annual property tax bill reaches $4,690, far exceeding the national median of $2,690. Property taxes in Shortsville are calculated based on the assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Shortsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shortsville or another part of the city, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shortsville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.2%
Estimate Property Tax Bill
$4,400
$4,350
Ownwell’s Shortsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shortsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shortsville 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 Shortsville, New York
Property taxes in Shortsville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shortsville is 3.20%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Shortsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shortsville 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 Shortsville's effective property tax rate to other counties in New York and the national median. For comparison, the 14548 zip code has the highest median property tax rate of 3.20%, while the 14548 zip code also has the lowest median tax rate of 3.20%. Understanding how these cities compare with Shortsville 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 Shortsville Tax Rate
3.20%
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 Shortsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14548 | 3.00% | 3.11% | 3.20% | 3.81% | 3.81% |
Source: Ownwell
Property Tax Assessment Values Across Shortsville, New York
In Shortsville, 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 Shortsville, 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 Shortsville is $137,500, with tax bills ranging from $3,899 at the 25th percentile to $6,956 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shortsville Assessed Value
$137,500
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 Shortsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14548 | $78,990 | $111,900 | $137,500 | $172,000 | $226,010 |
Source: Ownwell
Property Tax Bills Across Shortsville, New York
In Shortsville, Ontario County, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates your property's market value. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $137,500, homeowners can expect varying tax bills depending on their property's assessed value. Factors such as property location, size, and improvements can influence the assessed value. In Shortsville, tax bills range from the 25th percentile at $3,899 to the 90th percentile at $6,956. The highest median tax bill in the area is $4,690, which is significant compared to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting homeowners' financial planning and community quality of life.
Average Shortsville Tax Bill
$4,690
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 Shortsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14548 | $2,372 | $3,899 | $4,690 | $5,611 | $6,956 |
Source: Ownwell