Holland Patent, New York Property Taxes
The median property tax rate in Holland Patent, NY is 2.53%, 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 Holland Patent at $155,660, the typical annual property tax bill reaches $3,764, exceeding the national median of $2,690. Property taxes in Holland Patent 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 Holland Patent'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 Holland Patent 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
Holland Patent, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$3,938
$3,894
Ownwell’s Holland Patent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holland Patent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holland Patent 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 Holland Patent, New York
Property taxes in Holland Patent, New York, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Holland Patent is 2.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Holland Patent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holland Patent 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 Holland Patents's effective property tax rate to other counties in New York and the national median. For comparison, the 13354 zip code has both the highest and lowest median property tax rate of 2.53%. Understanding how these cities compare with Holland Patent 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 Holland Patent Tax Rate
2.53%
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 Holland Patent, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13354 | 0.74% | 2.48% | 2.53% | 2.82% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Holland Patent, New York
In Holland Patent, 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. 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 Holland Patent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,764, found in the 13354 zip code.
Average Holland Patent Assessed Value
$155,660
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 Holland Patent, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13354 | $82,264 | $114,151 | $155,660 | $213,019 | $280,189 |
Source: Ownwell
Property Tax Bills Across Holland Patent, New York
In Holland Patent, located in Oneida County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Holland Patent face a variety of tax bills, with the 25th percentile at $2,371 and the 75th percentile reaching $5,210. The 90th percentile of tax bills can go as high as $7,087. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. For instance, properties in the zip code 13354 have the highest median tax bill at $3,764. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Homeowners should be aware of how their property is assessed and the local tax rate to understand their tax liabilities better. This awareness can also help in identifying opportunities for appealing their tax assessments or applying for exemptions.
Average Holland Patent Tax Bill
$3,764
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 Holland Patent, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13354 | $1,079 | $2,371 | $3,764 | $5,210 | $7,087 |
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 |