Pulteney, New York Property Taxes
The median property tax rate in Pulteney, NY is 1.79%, 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 Pulteney at $162,400, the typical annual property tax bill reaches $3,006, exceeding the national median of $2,690. Property taxes in Pulteney 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 Pulteney'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 Pulteney 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
Pulteney, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,907
$2,874
Ownwell’s Pulteney Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pulteney with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pulteney 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 Pulteney, New York
Property taxes in Pulteney, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pulteney is 1.79%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pulteney set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pulteney 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 Pulteney's effective property tax rate to other areas in Steuben County and the national median. For comparison, the zip code 14874 has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these areas compare with Pulteney 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 Pulteney Tax Rate
1.79%
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 Pulteney, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14874 | 1.69% | 1.74% | 1.79% | 1.99% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Pulteney, New York
In Pulteney, 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 Pulteney, 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 Pulteney helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,006 in the 14874 zip code, while the lowest is also $3,006 in the same zip code.
Average Pulteney Assessed Value
$162,400
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 Pulteney, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14874 | $71,500 | $95,100 | $162,400 | $450,500 | $622,460 |
Source: Ownwell
Property Tax Bills Across Pulteney, New York
In Pulteney, property tax bills are calculated using the assessed value of a home, which is determined by local assessors based on market conditions. The tax rate in Steuben County is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $162,400, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,926, while at the 75th percentile, it rises to $7,705. The 90th percentile sees tax bills as high as $10,879. Factors influencing these calculations include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Pulteney may experience higher tax burdens, significantly impacting their annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and explore potential tax relief options.
Average Pulteney Tax Bill
$3,006
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 Pulteney, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14874 | $1,384 | $1,926 | $3,006 | $7,705 | $10,879 |
Source: Ownwell