Fishers, New York Property Taxes
The median property tax rate in Fishers, New York is 2.68%, 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 Fishers at $220,200, the typical annual property tax bill reaches $5,896, exceeding the national median of $2,690. Property taxes in Fishers 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 Fishers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fishers 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
Fishers, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.68%
Estimate Property Tax Bill
$5,901
$5,835
Ownwell’s Fishers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fishers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fishers 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 Fishers, New York
Property taxes in Fishers, 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 Fishers is 2.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fishers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishers 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 Fishers' effective property tax rate to other areas and the national median. For comparison, the zip code 14453 has the highest median property tax rate of 2.68%, while the same zip code also has the lowest median tax rate of 2.68%. Understanding how these areas compare with Fishers provides valuable insights into the varying tax landscape across Ontario County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fishers Tax Rate
2.68%
Average Ontario County Tax Rate
2.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fishers, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14453 | 2.68% | 2.68% | 2.68% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Fishers, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fishers, 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 Ontario 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 Fishers, 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 Fishers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fishers is $220,200, with the highest and lowest median tax bills both at $5,896 in the 14453 zip code.
Average Fishers Assessed Value
$220,200
Average Ontario County Assessed Value
$176,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fishers, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14453 | $220,200 | $220,200 | $220,200 | $220,200 | $220,200 |
Source: Ownwell
Property Tax Bills Across Fishers, New York
In Fishers, located in Ontario County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. Homeowners in Fishers can expect a median property tax bill of $5,896, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can be attributed to the local tax rate and the assessed values in the area. Factors such as property improvements, neighborhood developments, and changes in the real estate market can influence the assessed value, thereby impacting the tax bill. For homeowners, understanding these factors is crucial as they directly affect the amount owed in property taxes each year, influencing overall housing affordability and financial planning.
Average Fishers Tax Bill
$5,896
Average Ontario County Tax Bill
$4,698
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Fishers, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14453 | $5,896 | $5,896 | $5,896 | $5,896 | $5,896 |
Source: Ownwell