Conklin, New York Property Taxes
The median property tax rate in Conklin, NY is 3.58%, 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 Conklin, the typical annual property tax bill reaches $3,838, exceeding the national median of $2,690. Property taxes in Conklin 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 Conklin'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 Conklin 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
Conklin, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.58%
Estimate Property Tax Bill
$3,877
$3,833
Ownwell’s Conklin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conklin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conklin 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 Conklin, New York
Property taxes in Conklin, New York, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Conklin is 3.58%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Conklin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conklin 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 Conklin's effective property tax rate to other counties in New York and the national median. For comparison, the 13748 zip code has the highest median property tax rate of 3.58%, while the same zip code also has the lowest median tax rate of 3.58%. Understanding how these cities compare with Conklin provides valuable insights into the varying tax landscape across Broome County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conklin Tax Rate
3.58%
Average Broome County Tax Rate
3.50%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conklin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13748 | 3.44% | 3.58% | 3.58% | 3.60% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Conklin, New York
In Conklin, 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 Broome County Assessor's Office 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 Conklin, 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 Conklin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 13748 has the highest and lowest median tax bill, both at $3,838, highlighting the uniformity in tax assessments within the area.
Average Conklin Assessed Value
$108,297
Average Broome County Assessed Value
$113,808
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conklin, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13748 | $59,362 | $87,336 | $108,297 | $131,858 | $166,114 |
Source: Ownwell
Property Tax Bills Across Conklin, New York
In Conklin, located in Broome County, NY, property tax bills are calculated by assessing the market value of a home and applying the local tax rate to this value. The median home price in Conklin is $108,297, and the property tax rate is derived from the assessed value of the property. Factors such as the property's location, size, and condition are taken into account during the assessment process. Homeowners in Conklin can expect their property tax bills to vary significantly. At the 25th percentile, the tax bill is around $3,113, while at the 75th percentile, it climbs to $4,680. Those in the 90th percentile may see tax bills as high as $5,936. The highest and lowest median tax bills in the area are both recorded at $3,838 for the zip code 13748. Compared to the national median property tax rate of 0.99%, Conklin’s property tax bills can be relatively high, impacting homeowners' annual expenses significantly. Understanding these factors can help residents better anticipate their financial obligations.
Average Conklin Tax Bill
$3,838
Average Broome County Tax Bill
$4,421
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Conklin, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13748 | $2,125 | $3,113 | $3,838 | $4,680 | $5,936 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Broome Assessment Review Commission | |
| Website | gis.broomecountyny.gov |