Strykersville, New York Property Taxes
The median property tax rate in Strykersville, NY is 2.49%, 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 Strykersville at $154,639, the typical annual property tax bill reaches $3,794, exceeding the national median of $2,690. Property taxes in Strykersville 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 Strykersville'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 Strykersville 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
Strykersville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$3,851
$3,807
Ownwell’s Strykersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strykersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strykersville 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 Wyoming County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Strykersville, New York
Property taxes in Strykersville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strykersville is 2.49%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Strykersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strykersville 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 Strykersville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14145 has the highest median property tax rate of 2.49%, while the same zip code also has the lowest median tax rate of 2.49%. Understanding how these cities compare with Strykersville 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 Strykersville Tax Rate
2.49%
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 Strykersville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14145 | 2.05% | 2.36% | 2.49% | 2.59% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Strykersville, New York
In Strykersville, 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 Strykersville, 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 Strykersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Strykersville's zip code 14145 is $3,794, while the lowest is also $3,794, reflecting the area's uniform tax environment.
Average Strykersville Assessed Value
$154,639
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 Strykersville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14145 | $77,320 | $111,340 | $154,639 | $206,186 | $305,422 |
Source: Ownwell
Property Tax Bills Across Strykersville, New York
In Strykersville, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Strykersville is $154,639. Homeowners in Strykersville can expect tax bills to vary significantly. The 25th percentile of tax bills is around $2,712, while the 75th percentile reaches $5,030, and the 90th percentile goes up to $6,863. Compared to the national median property tax rate of 0.99%, Strykersville's rates are reflective of the local economic conditions and municipal needs. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Consequently, understanding how property taxes are calculated can help homeowners plan their finances and anticipate their annual expenses.
Average Strykersville Tax Bill
$3,794
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 Strykersville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14145 | $1,898 | $2,712 | $3,794 | $5,030 | $6,863 |
Source: Ownwell