Westfield, New York Property Taxes
The median property tax rate in Westfield, NY is 3.33%, 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 Westfield at $106,061, the typical annual property tax bill reaches $3,283, exceeding the national median of $2,690. Property taxes in Westfield 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 Westfield'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 Westfield 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
Westfield, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.33%
Estimate Property Tax Bill
$3,532
$3,492
Ownwell’s Westfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westfield 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 Westfield, New York
Property taxes in Westfield, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Westfield is 3.33%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Westfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westfield 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 Westfield's effective property tax rate to other counties in New York and the national median. For comparison, the 14787 zip code has the highest median property tax rate of 3.33%, while also having the lowest median tax rate of 3.33%. Understanding how these cities compare with Westfield provides valuable insights into the varying tax landscape across Chautauqua County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westfield Tax Rate
3.33%
Average Chautauqua County Tax Rate
2.90%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westfield, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14787 | 2.62% | 2.64% | 3.33% | 3.47% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Westfield, New York
In Westfield, 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 Chautauqua 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 Westfield, 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 instance, the median home price in Westfield is $106,061, with tax bills ranging from $2,188 at the 25th percentile to $6,447 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 14787, amounting to $3,283. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westfield Assessed Value
$106,061
Average Chautauqua County Assessed Value
$91,916
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westfield, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14787 | $47,273 | $74,697 | $106,061 | $150,758 | $217,879 |
Source: Ownwell
Property Tax Bills Across Westfield, New York
In Westfield, located in Chautauqua County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor’s office, which evaluates the property to estimate its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Westfield, factors such as property size, location, and condition can influence the assessed value. With a median home price of $106,061, property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,188, while at the 75th percentile, it rises to $4,477. At the 90th percentile, homeowners might see tax bills as high as $6,447. Compared to the national median property tax rate of 0.99%, Westfield's tax rates reflect the community's specific funding needs and property values, impacting homeowners' annual expenses and overall affordability of living in this region.
Average Westfield Tax Bill
$3,283
Average Chautauqua County Tax Bill
$2,807
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Westfield, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14787 | $1,319 | $2,188 | $3,283 | $4,477 | $6,447 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Chautauqua Assessment Review Commission | |
| Website | chautauquacounty.maps.arcgis.com |