Blossvale, New York Property Taxes
The median property tax rate in Blossvale, NY is 2.00%, 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 Blossvale, the typical annual property tax bill reaches $2,271, slightly below the national median of $2,690. Property taxes in Blossvale 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 Blossvale'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 Blossvale 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
Blossvale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$2,493
$2,465
Ownwell’s Blossvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blossvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blossvale 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 Blossvale, New York
Property taxes in Blossvale, 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 Blossvale is 2.00%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Blossvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blossvale 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 Blossvale's effective property tax rate to other counties in New York and the national median. For comparison, the 13308 zip code has the highest median property tax rate of 2.00%, while the same 13308 zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Blossvale provides valuable insights into the varying tax landscape across Oneida County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blossvale Tax Rate
2.00%
Average Oneida County Tax Rate
2.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blossvale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13308 | 0.85% | 1.56% | 2.00% | 2.40% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Blossvale, New York
In Blossvale, 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 Oneida 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 Blossvale, 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 Blossvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Blossvale are both in the 13308 zip code, with a median tax bill of $2,271.
Average Blossvale Assessed Value
$124,666
Average Oneida County Assessed Value
$126,923
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blossvale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13308 | $53,064 | $83,277 | $124,666 | $173,404 | $227,783 |
Source: Ownwell
Property Tax Bills Across Blossvale, New York
In Blossvale, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Once the assessment is made, the local tax rate is applied to this value to calculate the annual tax bill. For homeowners in Blossvale, the median home price is $124,666. The tax bills in Blossvale vary significantly, with the 25th percentile tax bill at $1,448 and the 75th percentile tax bill at $3,369. The 90th percentile tax bill can go as high as $4,467. This variation is influenced by factors such as property size, location, and local tax levies. Homeowners in Blossvale, located in Oneida County, face a median property tax rate higher than the national median of 0.99%, impacting their annual financial obligations. The highest median tax bill in the area is $2,271, found in the zip code 13308. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances accordingly.
Average Blossvale Tax Bill
$2,271
Average Oneida County Tax Bill
$2,574
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Blossvale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13308 | $858 | $1,448 | $2,271 | $3,369 | $4,467 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oneida Assessment Review Commission | |
| Website | app.regrid.com |