Apalachin, New York Property Taxes
The median property tax rate in Apalachin, NY is 3.14%, 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 $145,161, the typical annual property tax bill in Apalachin reaches $4,720, well above the national median of $2,690. Property taxes in Apalachin are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Apalachin'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 Apalachin or another part of Tioga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Apalachin, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$4,558
$4,507
Ownwell’s Apalachin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Apalachin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Apalachin 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 Apalachin, New York
Property taxes in Apalachin, 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 Apalachin is 3.14%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Apalachin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Apalachin 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. Understanding how Apalachin's effective property tax rate compares to other areas in Tioga County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Apalachin Tax Rate
3.14%
Average Tioga County Tax Rate
3.13%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Apalachin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13732 | 3.00% | 3.13% | 3.14% | 3.43% | 3.57% |
Source: Ownwell
Property Tax Assessment Values Across Apalachin, New York
In Apalachin, 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 Tioga County Assessor 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 Apalachin, 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. The median home price in Apalachin is $145,161, with tax bills ranging from $3,568 at the 25th percentile to $8,240 at the 90th percentile. The highest and lowest median tax bills are both $4,720 in the 13732 zip code. Being aware of these valuation processes in Apalachin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Apalachin Assessed Value
$145,161
Average Tioga County Assessed Value
$119,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Apalachin, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13732 | $83,387 | $111,774 | $145,161 | $193,065 | $248,387 |
Source: Ownwell
Property Tax Bills Across Apalachin, New York
In Apalachin, NY, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners, the median home price in Apalachin is $145,161, with property tax bills ranging significantly. The 25th percentile tax bill is $3,568, while the 75th percentile reaches $6,363, and the 90th percentile climbs to $8,240. Several factors influence these tax bills, including the home's assessed value, local tax rates, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Apalachin's property tax bills can be relatively high, reflecting the local government's funding needs for public services like schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial for financial planning and can significantly impact their annual budgeting.
Average Apalachin Tax Bill
$4,720
Average Tioga County Tax Bill
$3,510
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Apalachin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13732 | $2,599 | $3,568 | $4,720 | $6,363 | $8,240 |
Source: Ownwell