Sidney Center, New York Property Taxes
The median property tax rate in Sidney Center, NY is 2.62%, 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 Sidney Center at $89,500, the typical annual property tax bill reaches $2,545, slightly below the national median of $2,690. Property taxes in Sidney Center 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 Sidney Center'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 Sidney Center 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
Sidney Center, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$2,345
$2,318
Ownwell’s Sidney Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sidney Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sidney Center 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 Sidney Center, New York
Property taxes in Sidney Center, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sidney Center is 2.62%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Sidney Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sidney Center 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 Sidney Center's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13839 has the highest median property tax rate of 2.62%, while the same zip code also has the lowest median tax rate of 2.62%. Understanding how these cities compare with Sidney Center provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sidney Center Tax Rate
2.62%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sidney Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13839 | 2.41% | 2.49% | 2.62% | 3.81% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Sidney Center, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sidney Center, NY. 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 Delaware 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 Sidney Center, 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 Sidney Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sidney Center is $2,545 in the 13839 zip code, while the lowest is also $2,545 in the same zip code.
Average Sidney Center Assessed Value
$89,500
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sidney Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13839 | $30,000 | $52,300 | $89,500 | $147,025 | $225,750 |
Source: Ownwell
Property Tax Bills Across Sidney Center, New York
In Sidney Center, Delaware 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 and ideally reflects the market value of the property. Homeowners in this area experience a range of property tax bills, with the 25th percentile at $1,590 and the 75th percentile at $3,867. The highest median tax bill in the region is $2,545, which is notably higher than the national median property tax rate of 0.99%. Various factors influence the tax bill, including property size, location, and any applicable exemptions. These taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding how these elements affect their tax bill is crucial for financial planning and property investment decisions. Comparing these figures to national averages can help homeowners gauge their tax burden and make informed choices about property ownership in Sidney Center.
Average Sidney Center Tax Bill
$2,545
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Sidney Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13839 | $1,002 | $1,590 | $2,545 | $3,867 | $5,691 |
Source: Ownwell