Westons Mills, New York Property Taxes
The median property tax rate in Westons Mills, NY is 1.27%, which is notably 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 $74,939, the typical annual property tax bill in Westons Mills amounts to $912, which is below the national median of $2,690. Property taxes in Westons Mills are based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Westons Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Westons Mills or another part of Cattaraugus County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Westons Mills, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$952
$941
Ownwell’s WESTONS MILLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WESTONS MILLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WESTONS MILLS 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 Westons Mills, New York
Property taxes in Westons Mills, 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 Westons Mills is 1.27%, higher than the U.S. national median of 0.99%. Local government entities within Westons Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westons Mills 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 Westons Mills' effective property tax rate to other counties in New York and the national median. For comparison, the 14788 zip code has both the highest and lowest median property tax rate of 1.27%. Understanding how these cities compare with Westons Mills 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 Westons Mills 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 Westons Mills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14788 | 1.04% | 1.27% | 1.27% | 1.27% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Westons Mills, New York
In Westons Mills, 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 Assessor 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 Westons Mills, 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 Westons Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $912, found in the 14788 zip code.
Average Westons Mills Assessed Value
$74,939
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 Westons Mills, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14788 | $49,197 | $63,025 | $74,939 | $95,154 | $113,086 |
Source: Ownwell
Property Tax Bills Across Westons Mills, New York
In Westons Mills, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically updated to reflect changes in the real estate market. Homeowners in Westons Mills, located in Cattaraugus County, typically see tax bills that vary significantly based on their property's assessed value and the specific tax rate applied. For example, the median home price in Westons Mills is $74,939. Property tax bills in this area range widely, with the 25th percentile tax bill at $783, the 75th percentile at $1,163, and the 90th percentile reaching $2,148. This variation illustrates how different factors, such as property size, location, and market conditions, influence the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Westons Mills experience a diverse range of tax obligations, affecting their annual financial planning and long-term investment in their properties.
Average Westons Mills Tax Bill
$912
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 Westons Mills, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14788 | $619 | $783 | $912 | $1,163 | $2,148 |
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 |