Almond, New York Property Taxes
The median property tax rate in Almond, NY is 3.43%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $64,592, the typical annual property tax bill in Almond amounts to $2,181, which is below the national median of $2,690. Property taxes in Almond are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Almond'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 Almond or another part of Steuben County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Almond, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.43%
Estimate Property Tax Bill
$2,216
$2,191
Ownwell’s Almond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Almond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Almond 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 Almond, New York
Property taxes in Almond, 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 Almond is 3.43%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Almond set these rates annually, and they can vary across different neighborhoods. Each year, Almond 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 Almond's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14804 has the highest median property tax rate of 3.43%, while the same zip code also has the lowest median tax rate of 3.43%. Understanding how these cities compare with Almond provides valuable insights into the varying tax landscape across Steuben County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Almond Tax Rate
3.43%
Average Steuben County Tax Rate
2.84%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Almond, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14804 | 3.17% | 3.21% | 3.43% | 3.62% | 3.62% |
Source: Ownwell
Property Tax Assessment Values Across Almond, New York
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Almond, Steuben County, New York. 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 local 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 Almond, 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 Almond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Almond is $64,592, with tax bills ranging from $1,685 at the 25th percentile to $4,495 at the 90th percentile. The highest and lowest median tax bills are both $2,181, found in the 14804 zip code.
Average Almond Assessed Value
$64,592
Average Steuben County Assessed Value
$102,326
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Almond, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14804 | $26,439 | $38,622 | $64,592 | $84,158 | $122,745 |
Source: Ownwell
Property Tax Bills Across Almond, New York
In Almond, Steuben County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to produce the annual tax bill. Factors such as home improvements, market conditions, and neighborhood characteristics can influence the assessed value. For instance, the median home price in Almond is $64,592, and the property tax rate in Steuben County is relatively high compared to the national median property tax rate of 0.99%. Homeowners in Almond can expect a wide range of tax bills, with the 25th percentile tax bill at $1,685 and the 75th percentile reaching $2,992. The 90th percentile tax bill can go up to $4,495, indicating significant variability based on property value and assessment. The highest median tax bill in the area is $2,181, which is consistent across zip code 14804. These tax bills can substantially impact homeowners, influencing decisions on property investments and financial planning.
Average Almond Tax Bill
$2,181
Average Steuben County Tax Bill
$2,992
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Almond, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14804 | $812 | $1,685 | $2,181 | $2,992 | $4,495 |
Source: Ownwell