Bath, New York Property Taxes
The median property tax rate in Bath, NY is 2.81%, 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 Bath at $100,930, the typical annual property tax bill reaches $3,238, exceeding the national median of $2,690. Property taxes in Bath are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bath'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 Bath 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
Bath, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$2,836
$2,804
Ownwell’s Bath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bath 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 Bath, New York
Property taxes in Bath, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bath is 2.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bath 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 Bath's effective property tax rate to other counties in New York and the national median. For comparison, the highest median property tax rate in Steuben County is also 2.81%, found in the 14810 zip code, while the lowest median tax rate is also 2.81%, within the same zip code. Understanding how these cities compare with Bath 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 Bath Tax Rate
2.81%
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 Bath, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14810 | 2.39% | 2.79% | 2.81% | 3.64% | 3.64% |
Source: Ownwell
Property Tax Assessment Values Across Bath, New York
In Bath, 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 Steuben 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 Bath, 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 Bath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14810 has the highest and lowest median tax bill at $3,238, offering a benchmark for property owners in the area.
Average Bath Assessed Value
$100,930
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 Bath, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14810 | $42,222 | $72,222 | $100,930 | $140,323 | $190,000 |
Source: Ownwell
Property Tax Bills Across Bath, New York
In Bath, 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 and then applies an assessment ratio. Once the assessed value is established, it is multiplied by the local tax rate to calculate your annual property tax bill. Several factors are considered in this process, including the property's location, size, and condition. For homeowners in Bath, the median home price is $100,930, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $2,175, while the 75th percentile reaches $4,291. At the higher end, the 90th percentile tax bill can be as much as $5,747. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Therefore, understanding how your tax bill is calculated can help you anticipate yearly expenses and manage your budget more effectively.
Average Bath Tax Bill
$3,238
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 Bath, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14810 | $1,137 | $2,175 | $3,238 | $4,291 | $5,747 |
Source: Ownwell