Johnson City, New York Property Taxes
The median property tax rate in Johnson City, NY is 4.78%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Johnson City at $96,953, the typical annual property tax bill reaches $4,502, surpassing the national median of $2,690. Property taxes in Johnson City are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Johnson City's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Johnson City or another part of Broome County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnson City, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.78%
Estimate Property Tax Bill
$4,634
$4,582
Ownwell’s Johnson City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnson City 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 Johnson City, New York
Property taxes in Johnson City, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnson City is 4.78%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Johnson City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnson City 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 Johnson City's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13790 has both the highest and lowest median property tax rate of 4.78%. Understanding how these cities compare with Johnson City 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 Johnson City Tax Rate
4.78%
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 Johnson City, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13790 | 3.56% | 4.45% | 4.78% | 4.78% | 4.78% |
Source: Ownwell
Property Tax Assessment Values Across Johnson City, New York
In Johnson City, 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 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 Johnson City, 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 Johnson City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Johnson City is $96,953, with the highest and lowest median tax bill being $4,502 in the zip code 13790.
Average Johnson City Assessed Value
$96,953
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 Johnson City, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13790 | $63,712 | $83,102 | $96,953 | $119,114 | $168,868 |
Source: Ownwell
Property Tax Bills Across Johnson City, New York
In Johnson City, 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. For homeowners in Johnson City within Broome County, the median home price is $96,953. Property tax bills can vary significantly, with the 25th percentile paying around $3,708, while those in the 75th percentile face bills of approximately $5,297. The highest median tax bill in the area is $4,502, found in the 13790 zip code, which also holds the lowest median tax bill at the same amount. Factors such as property size, location, and improvements can influence the assessed value, impacting the tax bill. Homeowners in Johnson City often face higher property tax rates compared to the national median rate of 0.99%, which can affect their overall housing affordability and financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Johnson City Tax Bill
$4,502
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 Johnson City, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13790 | $2,781 | $3,708 | $4,502 | $5,297 | $7,018 |
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 |