Jewett, New York Property Taxes
The median property tax rate in Jewett, NY is 1.24%, 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 Jewett, the typical annual property tax bill reaches $3,978, exceeding the national median of $2,690. Property taxes in Jewett 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 Jewett'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 Jewett 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
Jewett, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,902
$3,858
Ownwell’s Jewett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jewett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jewett 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 Jewett, New York
Property taxes in Jewett, 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 Jewett is 1.24%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Jewett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jewett 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 Jewett's effective property tax rate to other counties in New York and the national median. For comparison, the 12444 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Jewett provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jewett Tax Rate
1.24%
Average Greene County Tax Rate
2.04%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jewett, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12444 | 1.24% | 1.24% | 1.24% | 1.24% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Jewett, New York
In Jewett, 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 Greene 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 Jewett, 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. In Jewett, the median home price is $314,700. The median tax bill ranges significantly, with the 25th percentile at $2,579 and the 75th percentile at $5,753. The 90th percentile tax bill can reach up to $7,866. The zip code with the highest and lowest median tax bill is 12444, with a value of $3,978. 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 Jewett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jewett Assessed Value
$314,700
Average Greene County Assessed Value
$210,370
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jewett, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12444 | $126,480 | $203,800 | $314,700 | $456,600 | $636,940 |
Source: Ownwell
Property Tax Bills Across Jewett, New York
In Jewett, located in Greene County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Jewett is $314,700. The assessed value is typically a percentage of the market value, and this figure is multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Jewett, the property tax bill can vary significantly. The 25th percentile tax bill is around $2,579, while the 75th percentile tax bill reaches approximately $5,753. At the 90th percentile, homeowners might face bills as high as $7,866. Comparatively, the national median property tax rate is 0.99%, suggesting that Jewett's property tax rates can be considerably higher depending on the property's assessed value. This variation in tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Jewett Tax Bill
$3,978
Average Greene County Tax Bill
$4,183
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Jewett, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12444 | $1,630 | $2,579 | $3,978 | $5,753 | $7,866 |
Source: Ownwell