Angelica, New York Property Taxes
The median property tax rate in Angelica, NY is 3.10%, 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 Angelica at $66,200, the typical annual property tax bill reaches $2,307, slightly below the national median of $2,690. Property taxes in Angelica 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 Angelica'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 Angelica 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
Angelica, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$2,052
$2,029
Ownwell’s Angelica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Angelica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Angelica 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 Angelica, New York
Property taxes in Angelica, 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 Angelica is 3.10%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Angelica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Angelica 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 Angelica's effective property tax rate to other counties in New York and the national median. For comparison, the 14709 zip code has the highest median property tax rate of 3.10%, while the 14709 zip code also has the lowest median tax rate of 3.10%. Understanding how these cities compare with Angelica provides valuable insights into the varying tax landscape across Allegany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Angelica Tax Rate
3.10%
Average Allegany County Tax Rate
3.64%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Angelica, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14709 | 2.87% | 2.88% | 3.10% | 4.09% | 4.09% |
Source: Ownwell
Property Tax Assessment Values Across Angelica, New York
In Angelica, 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 Allegany 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 Angelica, 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. The median home price in Angelica is $66,200, with the 25th percentile tax bill at $1,228 and the 75th percentile tax bill at $3,278. The highest median tax bill in the area is $2,307 in zip code 14709. 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 Angelica helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Angelica Assessed Value
$66,200
Average Allegany County Assessed Value
$72,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Angelica, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14709 | $20,700 | $38,700 | $66,200 | $96,500 | $140,000 |
Source: Ownwell
Property Tax Bills Across Angelica, New York
In Angelica, located in Allegany County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Angelica, the median home price is $66,200. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,228 and the 75th percentile reaching $3,278. At the higher end, the 90th percentile tax bill can be as much as $4,491. These figures indicate that homeowners can face a wide range of tax obligations depending on the assessed value of their property and the local tax rate. Compared to the national median property tax rate of 0.99%, the property tax rates in Angelica can result in relatively high tax bills, impacting homeowners' annual expenses and influencing their financial planning.
Average Angelica Tax Bill
$2,307
Average Allegany County Tax Bill
$2,710
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Angelica, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14709 | $658 | $1,228 | $2,307 | $3,278 | $4,491 |
Source: Ownwell