Northville, New York Property Taxes
The median property tax rate in Northville, NY is 1.91%, 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 Northville, the typical annual property tax bill reaches $3,709, exceeding the national median of $2,690. Property taxes in Northville 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 Northville'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 Northville 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
Northville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,371
$3,333
Ownwell’s Northville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northville 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 Northville, New York
Property taxes in Northville, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northville is 1.91%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Northville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northville 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 Northville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12134 has both the highest and lowest median property tax rate of 1.91%. Understanding how these areas compare with Northville provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Northville Tax Rate
1.91%
Average Fulton County Tax Rate
2.23%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | 1.86% | 1.86% | 1.91% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Northville, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Northville, New York. 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 Fulton 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 Northville, 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. The median home price in Northville is $176,471, with tax bills varying significantly. The 25th percentile tax bill is $2,662, while the 75th percentile reaches $5,698, and the 90th percentile peaks at $8,367. The highest and lowest median tax bills both stand at $3,709 in the 12134 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Northville Assessed Value
$176,471
Average Fulton County Assessed Value
$117,346
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Northville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | $87,255 | $128,824 | $176,471 | $287,647 | $409,216 |
Source: Ownwell
Property Tax Bills Across Northville, New York
In Northville, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. Homeowners in Northville, located in Fulton County, experience a range of property tax bills. For instance, the 25th percentile tax bill is approximately $2,662, while the 75th percentile tax bill reaches about $5,698. At the higher end, the 90th percentile tax bill can be as much as $8,367. Several factors influence the assessed value, such as the property's market value, location, and any improvements or renovations made. Compared to the national median property tax rate of 0.99%, Northville's tax bills reflect the local economic conditions and funding needs for public services. These property taxes significantly impact homeowners by contributing to community resources like schools, infrastructure, and emergency services, thereby enhancing the overall quality of life in Northville.
Average Northville Tax Bill
$3,709
Average Fulton County Tax Bill
$2,522
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Northville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | $1,753 | $2,662 | $3,709 | $5,698 | $8,367 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Fulton Assessment Review Commission | |
| Website | sdg.fultoncountyny.gov |