West Bloomfield, New York Property Taxes
The median property tax rate in West Bloomfield, NY is 1.87%, considerably higher than the national median of 0.99%, yet lower than the New York state median of 2.39%. With the median home value in West Bloomfield, the typical annual property tax bill reaches $898, which is below the national median of $2,690. Property taxes in West Bloomfield are calculated based on the tax assessed value, typically falling below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding West Bloomfield'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 West Bloomfield 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
West Bloomfield, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$899
$889
Ownwell’s West Bloomfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Bloomfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Bloomfield 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 West Bloomfield, New York
Property taxes in West Bloomfield, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Bloomfield is 1.87%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Bloomfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Bloomfield 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 West Bloomfield's effective property tax rate to other counties in New York and the national median. For comparison, the 14585 zip code has the highest median property tax rate of 1.87%, while the same zip code also has the lowest median tax rate of 1.87%. Understanding how these cities compare with West Bloomfield 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 West Bloomfield Tax Rate
1.87%
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 West Bloomfield, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14585 | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across West Bloomfield, New York
In West Bloomfield, 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 West Bloomfield, 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. For instance, the highest median tax bill in the area is $898 in the 14585 zip code, which is also the lowest median tax bill reported. 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 West Bloomfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Bloomfield, New York
Source: Ownwell
$48,100
$304,400
$560,700
Average West Bloomfield Assessed Value
$48,100
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 West Bloomfield, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14585 | $48,100 | $48,100 | $48,100 | $48,100 | $48,100 |
Source: Ownwell
Property Tax Bills Across West Bloomfield, New York
In West Bloomfield, Ontario County, NY, property tax bills are determined based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value of the property as determined by the local assessor's office. Several factors influence this valuation, including the property's location, size, and condition. The median home price in West Bloomfield is $48,100. Property tax rates in this area are notably higher than the national median property tax rate of 0.99%, with tax bills consistently around $898, regardless of the home's market value. This uniformity in tax bills suggests a standardized approach in the local taxation process. For homeowners, this means a predictable annual expense, but it also highlights the relatively high property tax burden in the area compared to other parts of the country. This can impact decisions regarding home ownership, investment, and long-term financial planning.
Average West Bloomfield Tax Bill
$898
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 West Bloomfield, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14585 | $898 | $898 | $898 | $898 | $898 |
Source: Ownwell