Plymouth, New York Property Taxes
The median property tax rate in Plymouth, NY is 2.91%, 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 Plymouth at $69,264, the typical annual property tax bill reaches $1,994, which is still below the national median of $2,690. Property taxes in Plymouth 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 Plymouth'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 Plymouth 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
Plymouth, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.91%
Estimate Property Tax Bill
$2,016
$1,993
Ownwell’s Plymouth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plymouth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plymouth 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 Plymouth, New York
Property taxes in Plymouth, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plymouth is 2.91%, significantly higher than the U.S. national median of 0.99%. Local government entities within Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plymouth 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 Plymouth's effective property tax rate to other counties in New York and the national median. For comparison, the 13832 zip code has both the highest and lowest median property tax rate of 2.91%, as it represents the only data point available. Understanding how these cities compare with Plymouth 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 Plymouth Tax Rate
2.91%
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 Plymouth, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13832 | 2.46% | 2.91% | 2.91% | 3.19% | 3.52% |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, New York
In Plymouth, 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. 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Plymouth is $1,994 in the 13832 zip code, while the lowest median tax bill is also $1,994 in the same zip code.
Average Plymouth Assessed Value
$69,264
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 Plymouth, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13832 | $16,447 | $38,377 | $69,264 | $114,585 | $179,251 |
Source: Ownwell
Property Tax Bills Across Plymouth, New York
In Plymouth, located in Chenango County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in this area is $69,264. Homeowners can expect a wide range of tax bills, with the 25th percentile paying around $1,002, while those in the 75th percentile face bills of approximately $3,427. The highest tax bills in the 90th percentile can reach up to $5,551. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions. The assessed value is a percentage of the market value, determined by the local assessor's office. Compared to the national median property tax rate of 0.99%, Plymouth's tax rates can significantly impact homeowners, especially those with higher-valued properties. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Plymouth Tax Bill
$1,994
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 Plymouth, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13832 | $478 | $1,002 | $1,994 | $3,427 | $5,551 |
Source: Ownwell