Ionia, New York Property Taxes
The median property tax rate in Ionia, NY is 2.95%, 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 Ionia, the typical annual property tax bill reaches $10,772, far exceeding the national median of $2,690. Property taxes in Ionia 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 Ionia'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 Ionia 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
Ionia, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.95%
Estimate Property Tax Bill
$13,237
$13,087
Ownwell’s Ionia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ionia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ionia 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 Ionia, New York
Property taxes in Ionia, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ionia is 2.95%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Ionia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ionia 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 Ionia's effective property tax rate to other counties in New York and the national median. For comparison, the 14475 zip code has the highest median property tax rate of 2.95%, while the same zip code also has the lowest median tax rate of 2.95%. Understanding how these cities compare with Ionia provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ionia Tax Rate
2.95%
Average Monroe County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ionia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14475 | 1.89% | 1.98% | 2.95% | 2.95% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Ionia, New York
In Ionia, 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 Monroe 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 Ionia, 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 Ionia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ionia are both $10,772, found in the zip code 14475.
Average Ionia Assessed Value
$448,700
Average Monroe County Assessed Value
$167,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ionia, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14475 | $252,300 | $365,400 | $448,700 | $539,700 | $800,520 |
Source: Ownwell
Property Tax Bills Across Ionia, New York
Property tax bills in Ionia, located in Monroe County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessment is determined by local assessors who evaluate the market value of homes. This assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $448,700, homeowners can expect a significant tax burden. Several factors influence the property tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by the local government. In Ionia, the tax bill at the 25th percentile is $9,911, while at the 75th percentile, it is $13,228. The 90th percentile tax bill can go as high as $22,525. These figures highlight the substantial variation in tax bills within the area, affecting homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, indicating that property taxes in Ionia are considerably higher than the national average.
Average Ionia Tax Bill
$10,772
Average Monroe County Tax Bill
$5,200
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Ionia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14475 | $6,062 | $9,911 | $10,772 | $13,228 | $22,525 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Monroe Assessment Review Commission | |
| Website | app.regrid.com |