Constable, New York Property Taxes
The median property tax rate in Constable, NY is 2.32%, 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 Constable, the typical annual property tax bill reaches $1,774, exceeding the national median of $2,690. Property taxes in Constable 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 Constable'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 Constable 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
Constable, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$1,954
$1,932
Ownwell’s Constable Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Constable with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Constable 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 Constable, New York
Property taxes in Constable, New York, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Constable is 2.32%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Constable set these rates annually, and they can vary significantly across different neighborhoods. Each year, Constable 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 Constable's effective property tax rate to other counties in New York and the national median. For comparison, the 12926 zip code has the highest median property tax rate of 2.32%, while the same zip code also has the lowest median tax rate of 2.32%. Understanding how these cities compare with Constable provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Constable Tax Rate
2.32%
Average Franklin County Tax Rate
2.45%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Constable, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12926 | 1.82% | 1.82% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Constable, New York
In Constable, 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 Franklin 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. Constable's median home price is $84,211, with a 25th percentile tax bill of $1,100 and a 75th percentile tax bill of $2,569. The highest median tax bill in the area is $1,774, found in the 12926 zip code, which also has the lowest median tax bill of $1,774. 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 Constable Assessed Value
$84,211
Average Franklin County Assessed Value
$100,730
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Constable, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12926 | $29,850 | $52,632 | $84,211 | $121,053 | $169,480 |
Source: Ownwell
Property Tax Bills Across Constable, New York
In Constable, NY, property tax bills are calculated based on the assessed value of a property. The local assessor determines this value, which ideally reflects the market value of the home. Once the assessed value is established, the tax rate, set by Franklin County, is applied. This rate is influenced by the county’s budgetary needs and the total value of assessed properties within the county. Homeowners in Constable can expect varying tax bills depending on the value of their homes. For instance, homes at the 25th percentile have tax bills around $1,100, while those at the 75th percentile see bills closer to $2,569. The 90th percentile tax bill can go up to $3,550. The median home price in Constable is $84,211, which helps contextualize these figures. Compared to the national median property tax rate of 0.99%, Constable’s tax rates can be quite impactful on homeowners, potentially leading to higher annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial obligations accurately.
Average Constable Tax Bill
$1,774
Average Franklin County Tax Bill
$2,460
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Constable, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12926 | $612 | $1,100 | $1,774 | $2,569 | $3,550 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Franklin Assessment Review Commission | |
| Website | maps.dancgis.org |