Port Byron, New York Property Taxes
The median property tax rate in Port Byron, NY is 2.77%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Port Byron, the typical annual property tax bill reaches $2,935, exceeding the national median of $2,690. Property taxes in Port Byron 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 Port Byron'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 Port Byron 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
Port Byron, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.77%
Estimate Property Tax Bill
$2,853
$2,820
Ownwell’s Port Byron Property Tax Bill Calculator allows homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Port Byron with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Port Byron to estimate your property tax bill. This valuable 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 Cayuga County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Port Byron, New York
Property taxes in Port Byron, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Byron is 2.77%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Port Byron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Byron 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 Port Byron's effective property tax rate to other counties in New York and the national median. For comparison, the 13140 zip code has the highest median property tax rate of 2.77%, while the same zip code also has the lowest median tax rate of 2.77%. Understanding how these cities compare with Port Byron provides valuable insights into the varying tax landscape across Cayuga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Byron Tax Rate
2.77%
Average Cayuga County Tax Rate
2.43%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Byron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13140 | 2.40% | 2.56% | 2.77% | 2.95% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Port Byron, New York
In Port Byron, 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 local assessment office 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 Port Byron, 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. For example, the highest median tax bill in the area is $2,935, found in the 13140 zip code. 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 Port Byron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Port Byron Assessed Value
$102,979
Average Cayuga County Assessed Value
$136,353
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Byron, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13140 | $36,992 | $69,620 | $102,979 | $147,856 | $199,978 |
Source: Ownwell
Property Tax Bills Across Port Byron, New York
In Port Byron, located in Cayuga County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to calculate the tax bill. For homeowners in Port Byron, the median home price stands at $102,979. Tax bills in this area can vary significantly, with the 25th percentile at $1,921 and the 75th percentile reaching $4,042. The 90th percentile tax bill can be as high as $5,396. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, properties in the zip code 13140 have a median tax bill of $2,935, which is consistent across the region. Compared to the national median property tax rate of 0.99%, homeowners in Port Byron may experience varying financial impacts based on their property's assessed value and the specific tax rate applied. Understanding these elements can help homeowners better anticipate their annual tax obligations.
Average Port Byron Tax Bill
$2,935
Average Cayuga County Tax Bill
$3,328
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Byron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13140 | $972 | $1,921 | $2,935 | $4,042 | $5,396 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Cayuga Assessment Review Commission | |
| Website | ccgis.cayugacounty.us |