Arcade, New York Property Taxes
The median property tax rate in Arcade, NY is 1.44%, which is higher than the national median of 0.99% but lower than the New York state median of 2.39%. With a median home value of $94,050 in Arcade, the typical annual property tax bill amounts to $1,279, falling below the national median of $2,690. Property taxes in Arcade are determined based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Arcade'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 Arcade or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcade, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,354
$1,339
Ownwell’s Arcade Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcade with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcade 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 Arcade, New York
Property taxes in Arcade, 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 Arcade is 1.44%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Arcade set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcade 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 Arcade's effective property tax rate to other counties in New York and the national median. For comparison, the 14009 zip code has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Arcade provides valuable insights into the varying tax landscape across Cattaraugus, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcade Tax Rate
1.44%
Average Cattaraugus County Tax Rate
1.53%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcade, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14009 | 1.31% | 1.44% | 1.44% | 1.51% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Arcade, New York
In Arcade, 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 Cattaraugus 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 Arcade, 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 Arcade helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,279 in zip code 14009, which is also the lowest, offering a clear picture of the property tax landscape.
Average Arcade Assessed Value
$94,050
Average Cattaraugus County Assessed Value
$88,597
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcade, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14009 | $7,292 | $21,875 | $94,050 | $151,446 | $187,850 |
Source: Ownwell
Property Tax Bills Across Arcade, New York
In Arcade, located in Cattaraugus County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The process begins with the local tax assessor determining the assessed value of the property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Arcade, the median home price is $94,050. Property tax bills in this area can vary significantly. The tax bill at the 25th percentile is around $330, while at the 75th percentile, it rises to $2,267. The 90th percentile sees tax bills reaching up to $2,826. The highest and lowest median tax bills in the area are both $1,279, indicating a relatively uniform tax rate across the region. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding how these taxes are calculated helps homeowners budget more effectively and plan for their financial future.
Average Arcade Tax Bill
$1,279
Average Cattaraugus County Tax Bill
$1,508
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcade, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14009 | $110 | $330 | $1,279 | $2,267 | $2,826 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Cattaraugus Assessment Review Commission | |
| Website | maps.cattco.org |