Attica, New York Property Taxes
The median property tax rate in Attica, NY is 3.04%, 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 Attica at $156,500, the typical annual property tax bill reaches $4,592, exceeding the national median of $2,690. Property taxes in Attica 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 Attica'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 Attica 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
Attica, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.04%
Estimate Property Tax Bill
$4,758
$4,704
Ownwell’s Attica Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Attica with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Attica 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 Genesee County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Attica, New York
Property taxes in Attica, 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 Attica is 3.04%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Attica set these rates annually, and they can vary significantly across different neighborhoods. Each year, Attica 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 Attica's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14011 has the highest median property tax rate of 3.04%, while the same zip code also has the lowest median tax rate of 3.04%. Understanding how these cities compare with Attica provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Attica Tax Rate
3.04%
Average Genesee County Tax Rate
3.18%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Attica, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14011 | 2.50% | 2.70% | 3.04% | 3.30% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Attica, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Attica, 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 Genesee 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 Attica, 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 Attica is $156,500, with tax bills ranging from $3,796 at the 25th percentile to $6,878 at the 90th percentile. Notably, the highest and lowest median tax bills in the area are both $4,592, found in zip code 14011. 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 their tax burden.
Average Attica Assessed Value
$156,500
Average Genesee County Assessed Value
$137,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Attica, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14011 | $76,720 | $126,000 | $156,500 | $188,500 | $241,480 |
Source: Ownwell
Property Tax Bills Across Attica, New York
In Attica, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Attica, the median home price is $156,500. The tax bills can vary significantly, with the 25th percentile at $3,796 and the 75th percentile at $5,549. Those in the 90th percentile may see tax bills as high as $6,878. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. The median property tax rate in Attica is notably higher than the national median of 0.99%, reflecting the region's emphasis on maintaining robust public services. Homeowners in this area need to be prepared for these costs, which can significantly impact their annual budgets. Understanding these factors can help homeowners plan and manage their finances more effectively.
Average Attica Tax Bill
$4,592
Average Genesee County Tax Bill
$4,359
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Attica, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14011 | $2,576 | $3,796 | $4,592 | $5,549 | $6,878 |
Source: Ownwell