Cameron, New York Property Taxes
The median property tax rate in Cameron, NY is 2.73%, 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 Cameron, the typical annual property tax bill reaches $2,322, slightly below the national median of $2,690. Property taxes in Cameron 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 Cameron’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 Cameron 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
Cameron, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.73%
Estimate Property Tax Bill
$2,252
$2,227
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, New York
Property taxes in Cameron, New York, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Cameron is 2.73%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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. For comparison, the 14819 zip code has the highest median property tax rate of 2.73%, while the same zip code also has the lowest median tax rate of 2.73%. Understanding how these cities compare with Cameron 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 Cameron Tax Rate
2.73%
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 Cameron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14819 | 2.30% | 2.53% | 2.73% | 3.05% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, New York
In Cameron, 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 14819, with a tax bill of $2,322, which is also the lowest median tax bill in the area.
Average Cameron Assessed Value
$82,500
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 Cameron, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14819 | $31,073 | $50,313 | $82,500 | $135,104 | $226,354 |
Source: Ownwell
Property Tax Bills Across Cameron, New York
In Cameron, Steuben County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor and typically represents a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Cameron, the median home price is $82,500. Property tax bills can vary significantly, with the 25th percentile at $1,371 and the 75th percentile reaching $3,621. For those in the 90th percentile, tax bills can be as high as $5,889. These figures illustrate how property tax burdens can differ widely among homeowners, impacting household budgets and overall affordability. Compared to the national median property tax rate of 0.99%, Cameron's property taxes can be considered relatively high, reflecting the local government's funding needs for services such as schools, infrastructure, and public safety. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly.
Average Cameron Tax Bill
$2,322
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 Cameron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14819 | $877 | $1,371 | $2,322 | $3,621 | $5,889 |
Source: Ownwell