Harpursville, New York Property Taxes
The median property tax rate in Harpursville, NY is 2.85%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Harpursville at $102,125, the typical annual property tax bill reaches $2,936, exceeding the national median of $2,690. Property taxes in Harpursville 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 Harpursville'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 Harpursville 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
Harpursville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$2,911
$2,878
Ownwell’s Harpursville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harpursville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harpursville 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 Harpursville, New York
Property taxes in Harpursville, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Harpursville is 2.85%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Harpursville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harpursville 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 Harpursville's effective property tax rate to other counties in New York and the national median. For comparison, the 13787 zip code has the highest median property tax rate of 2.85%, while the same zip code also has the lowest median tax rate of 2.85%. Understanding how these cities compare with Harpursville provides valuable insights into the varying tax landscape across Chenango County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harpursville Tax Rate
2.85%
Average Chenango County Tax Rate
3.08%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harpursville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13787 | 2.68% | 2.73% | 2.85% | 2.98% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Harpursville, New York
In Harpursville, 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 Chenango 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 Harpursville, 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 Harpursville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Harpursville is $102,125, with tax bills ranging from $1,685 at the 25th percentile to $6,427 at the 90th percentile. The zip code with both the highest and lowest median tax bills is 13787, with a median tax bill of $2,936.
Average Harpursville Assessed Value
$102,125
Average Chenango County Assessed Value
$92,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harpursville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13787 | $34,641 | $59,515 | $102,125 | $155,711 | $223,975 |
Source: Ownwell
Property Tax Bills Across Harpursville, New York
In Harpursville, located in Chenango 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 and represents a percentage of the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Harpursville, the median home price is $102,125. Property taxes can vary significantly, with the 25th percentile tax bill at $1,685 and the 75th percentile reaching $4,442. At the higher end, the 90th percentile tax bill can climb to $6,427. These figures reflect the variability in property assessments and local tax rates. Compared to the national median property tax rate of 0.99%, Harpursville's tax rates can result in substantial annual costs for homeowners. Understanding how these taxes are calculated and the factors involved can help homeowners better manage their financial planning and property investments.
Average Harpursville Tax Bill
$2,936
Average Chenango County Tax Bill
$2,965
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Harpursville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13787 | $964 | $1,685 | $2,936 | $4,442 | $6,427 |
Source: Ownwell