Caledonia, New York Property Taxes
The median property tax rate in Caledonia, NY is 2.86%, 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 Caledonia, the typical annual property tax bill reaches $5,081, exceeding the national median of $2,690. Property taxes in Caledonia 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 Caledonia'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 Caledonia 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
Caledonia, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.86%
Estimate Property Tax Bill
$4,966
$4,910
Ownwell’s Caledonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Caledonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caledonia 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 Caledonia, New York
Property taxes in Caledonia, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Caledonia is 2.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Caledonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caledonia 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 Caledonia's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14423 has both the highest and lowest median property tax rate of 2.86%. Understanding how these cities compare with Caledonia provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caledonia Tax Rate
2.86%
Average Livingston County Tax Rate
2.99%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caledonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14423 | 2.55% | 2.66% | 2.86% | 3.22% | 3.22% |
Source: Ownwell
Property Tax Assessment Values Across Caledonia, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Caledonia, 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 Livingston County Assessment Office 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 Caledonia, 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. 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 Caledonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Caledonia are both $5081.00, found in the zip code 14423.
Average Caledonia Assessed Value
$173,650
Average Livingston County Assessed Value
$161,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caledonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14423 | $111,390 | $138,200 | $173,650 | $219,900 | $298,290 |
Source: Ownwell
Property Tax Bills Across Caledonia, New York
In Caledonia, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and is meant to reflect the market value of the property. Homeowners in Caledonia face a median property tax rate that contributes to their annual tax bill. For instance, the median home price in Caledonia is $173,650, and depending on the assessed value, tax bills can vary significantly. Factors such as property size, location, and improvements can influence the assessed value. For example, the tax bill at the 25th percentile is $4,145, while at the 75th percentile, it reaches $6,257. Those at the 90th percentile see bills as high as $8,284. This variability means that homeowners must budget carefully to accommodate these expenses. Compared to the national median property tax rate of 0.99%, Caledonia's tax bills reflect the local economic conditions and funding needs for public services like schools and infrastructure.
Average Caledonia Tax Bill
$5,081
Average Livingston County Tax Bill
$4,819
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Caledonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14423 | $3,269 | $4,145 | $5,081 | $6,257 | $8,284 |
Source: Ownwell