Dayton, New York Property Taxes
The median property tax rate in Dayton, NY is 1.69%, considerably 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 $63,200, the typical annual property tax bill in Dayton amounts to $1,091, which is below the national median of $2,690. Property taxes in Dayton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dayton'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 Dayton 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
Dayton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$1,068
$1,056
Ownwell’s Dayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayton 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 Dayton, New York
Property taxes in Dayton, 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 Dayton is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Dayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayton 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 Dayton's effective property tax rate to other areas in New York and the national median. For comparison, the 14041 zip code has both the highest and lowest median property tax rate of 1.69%. Understanding how these areas compare with Dayton provides valuable insights into the varying tax landscape across Cattaraugus County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayton Tax Rate
1.69%
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 Dayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14041 | 1.56% | 1.62% | 1.69% | 1.69% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, New York
In Dayton, 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 Dayton, 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. The highest median tax bill in Dayton is $1,091 in the 14041 zip code, while the lowest median tax bill is also $1,091 in the same zip code. Being aware of these valuation processes in Dayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dayton Assessed Value
$63,200
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 Dayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14041 | $32,640 | $45,700 | $63,200 | $90,350 | $125,080 |
Source: Ownwell
Property Tax Bills Across Dayton, New York
In Dayton, located in Cattaraugus County, NY, property tax bills are calculated based on the assessed value of a home, which reflects its market value. Homeowners in Dayton face a range of property tax bills, with the 25th percentile at $808, the 75th percentile at $1769, and the 90th percentile reaching up to $2527. These figures indicate a significant variation in tax burdens among residents, influenced by the value of their properties. The process starts with the local tax assessor determining the market value of a property, which is then multiplied by the local tax rate to arrive at the tax bill. This rate can vary within the county and is crucial in determining the final amount owed. For comparison, the national median property tax rate is 0.99%, making it essential for homeowners to understand how their local rates stack up against national averages. High property taxes can significantly impact homeowners, affecting their overall cost of living and long-term financial planning.
Average Dayton Tax Bill
$1,091
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 Dayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14041 | $562 | $808 | $1,091 | $1,769 | $2,527 |
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 |