Pittsford, New York Property Taxes
The median property tax rate in Pittsford, NY, is 3.44%, 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 Pittsford at $560,700, the typical annual property tax bill reaches $18,731, exceeding the national median of $2,690. Property taxes in Pittsford 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 Pittsford'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 Pittsford 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
Pittsford, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.44%
Estimate Property Tax Bill
$19,288
$19,071
Ownwell’s Pittsford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsford 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 Pittsford, New York
Property taxes in Pittsford, 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 Pittsford is 3.44%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pittsford set these rates annually, and they can vary across different neighborhoods. Each year, Pittsford 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. Understanding how Pittsford's effective property tax rate compares to other areas 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 Pittsford Tax Rate
3.44%
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 Pittsford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14534 | 2.68% | 3.44% | 3.44% | 3.44% | 3.44% |
Source: Ownwell
Property Tax Assessment Values Across Pittsford, New York
In Pittsford, 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 Ontario County Appraisal District 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 Pittsford, 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. Pittsford has a median home price of $560,700 and the median tax bill can range from $14,087 at the 25th percentile to $25,380 at the 90th percentile. The zip code 14534 has the highest and lowest median tax bill at $18,731. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pittsford Assessed Value
$560,700
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 Pittsford, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14534 | $309,770 | $455,050 | $560,700 | $686,550 | $744,300 |
Source: Ownwell
Property Tax Bills Across Pittsford, New York
In Pittsford, New York, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play significant roles in the assessment process. Homeowners in Pittsford experience a median tax bill of $18,731, which is notably higher than the national median property tax rate of 0.99%. Tax bills can vary widely, with the 25th percentile at $14,087 and the 75th percentile reaching $22,060. Those in the 90th percentile face even higher bills, up to $25,380. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, while the higher tax rates can be a financial burden, they also contribute to maintaining the quality of life and services in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits they receive in return.
Average Pittsford Tax Bill
$18,731
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 Pittsford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14534 | $9,033 | $14,087 | $18,731 | $22,060 | $25,380 |
Source: Ownwell