East Pembroke, New York Property Taxes
The median property tax rate in East Pembroke, NY is 2.83%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in East Pembroke at $141,300, the typical annual property tax bill reaches $3,720, exceeding the national median of $2,690. Property taxes in East Pembroke are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding East Pembroke'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 East Pembroke 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
East Pembroke, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$3,999
$3,954
Ownwell's East Pembroke Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in East Pembroke with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Pembroke 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 East Pembroke, New York
Property taxes in East Pembroke, NY, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Pembroke is 2.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within East Pembroke set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Pembroke 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 East Pembroke's effective property tax rate to other counties in New York and the national median. For comparison, the 14056 zip code has the highest median property tax rate of 2.83%, while the 14056 zip code also has the lowest median tax rate of 2.83%. Understanding how these cities compare with East Pembroke 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 East Pembroke Tax Rate
2.83%
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 East Pembroke, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14056 | 2.72% | 2.80% | 2.83% | 2.83% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across East Pembroke, New York
In East Pembroke, 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 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 East Pembroke, 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 East Pembroke is $141,300, with tax bills ranging from $3,360 at the 25th percentile to $5,464 at the 90th percentile. The highest and lowest median tax bill in the area is $3,720, found in zip code 14056. 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 East Pembroke helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average East Pembroke Assessed Value
$141,300
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 East Pembroke, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14056 | $104,540 | $121,418 | $141,300 | $166,465 | $196,178 |
Source: Ownwell
Property Tax Bills Across East Pembroke, New York
In East Pembroke, Genesee County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to produce the annual tax bill. For a median home price of $141,300, homeowners typically face a range of tax bills. The 25th percentile tax bill is around $3,360, while the 75th percentile tax bill can reach up to $4,570. The tax bill at the 90th percentile is even higher, at approximately $5,464. These tax rates are influenced by various factors including local government budgets, school district funding, and municipal services. For homeowners, this means that the property tax bill can significantly impact annual household expenses. Compared to the national median property tax rate of 0.99%, the tax rates in East Pembroke can be relatively high, reflecting the community's investment in local services and infrastructure.
Average East Pembroke Tax Bill
$3,720
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 East Pembroke, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14056 | $2,962 | $3,360 | $3,720 | $4,570 | $5,464 |
Source: Ownwell