East Aurora, New York Property Taxes
The median property tax rate in East Aurora, NY is 2.47%, 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 East Aurora at $115,000, the typical annual property tax bill reaches $2,836, exceeding the national median of $2,690. Property taxes in East Aurora 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 East Aurora'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 East Aurora 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
East Aurora, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$2,841
$2,808
Ownwell’s East Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Aurora 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 East Aurora, New York
Property taxes in East Aurora, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Aurora is 2.47%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within East Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Aurora 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 East Aurora's effective property tax rate to other counties in New York and the national median. For comparison, the 14052 zip code has the highest median property tax rate of 2.47%, while the same zip code also has the lowest median tax rate of 2.47%. Understanding how these cities compare with East Aurora provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Aurora Tax Rate
2.47%
Average Wyoming County Tax Rate
2.98%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Aurora, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14052 | 2.47% | 2.47% | 2.47% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across East Aurora, New York
In East Aurora, 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 Wyoming 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 East Aurora, 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 East Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in East Aurora are both $2836, found in the 14052 zip code.
Average East Aurora Assessed Value
$115,000
Average Wyoming County Assessed Value
$124,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Aurora, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14052 | $115,000 | $115,000 | $115,000 | $115,000 | $115,000 |
Source: Ownwell
Property Tax Bills Across East Aurora, New York
In East Aurora, located in Wyoming County, NY, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, evaluated by the local assessor's office. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in East Aurora, the median property tax bill stands at $2,836, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill can be attributed to the relatively high property values and tax rates in the area. Homeowners should be aware that their tax bills can vary, depending on changes in assessed property values and adjustments in tax rates. Understanding these factors is crucial for budgeting and financial planning, as property taxes are a significant expense for homeowners in East Aurora.
Average East Aurora Tax Bill
$2,836
Average Wyoming County Tax Bill
$3,932
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across East Aurora, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14052 | $2,836 | $2,836 | $2,836 | $2,836 | $2,836 |
Source: Ownwell