Saint Bonaventure, New York Property Taxes
The median property tax rate in Saint Bonaventure, NY is 1.27%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Saint Bonaventure at $105,185, the typical annual property tax bill reaches $1,335, which is below the national median of $2,690. Property taxes in Saint Bonaventure 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 Saint Bonaventure'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 Saint Bonaventure 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
Saint Bonaventure, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,336
$1,321
Ownwell’s Saint Bonaventure Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Bonaventure with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Bonaventure 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 Saint Bonaventure, New York
Property taxes in Saint Bonaventure, New York, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Bonaventure is 1.27%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Saint Bonaventure set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Bonaventure 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 Saint Bonaventure's effective property tax rate to other areas in New York and the national median. For comparison, the 14778 zip code has the highest median property tax rate of 1.27%, while the 14778 zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Saint Bonaventure 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 Saint Bonaventure Tax Rate
1.27%
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 Saint Bonaventure, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14778 | 1.27% | 1.27% | 1.27% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Saint Bonaventure, New York
In Saint Bonaventure, 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 Saint Bonaventure, 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 Saint Bonaventure helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 14778, with a tax bill of $1,335, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Saint Bonaventure, New York
Source: Ownwell
$53,082
$148,503
$243,924
Average Saint Bonaventure Assessed Value
$105,185
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 Saint Bonaventure, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14778 | $105,185 | $105,185 | $105,185 | $105,185 | $105,185 |
Source: Ownwell
Property Tax Bills Across Saint Bonaventure, New York
In Saint Bonaventure, located in Cattaraugus County, NY, property tax bills are calculated based on the assessed value of a home. The assessment process evaluates the market value of the property, and the assessed value is then used to determine the tax bill. Factors such as the property's location, size, and condition play a crucial role in this evaluation. For homeowners in Saint Bonaventure, the median home price is $105,185, and the median property tax bill is $1,335, which aligns with the 25th, 75th, and 90th percentiles, indicating a consistent tax rate across different property values. Compared to the national median property tax rate of 0.99%, Saint Bonaventure's tax rate appears relatively consistent, providing homeowners with a predictable expense. This consistency in property tax bills can be beneficial for budgeting and financial planning, offering a level of stability in homeownership costs. Understanding how these factors come together to determine the tax bill can help homeowners better anticipate their annual expenses and manage their finances effectively.
Average Saint Bonaventure Tax Bill
$1,335
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 Saint Bonaventure, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14778 | $1,335 | $1,335 | $1,335 | $1,335 | $1,335 |
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 |