Knowlesville, New York Property Taxes
The median property tax rate in Knowlesville, NY is 4.06%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Knowlesville at $90,700, the typical annual property tax bill reaches $3,597, far exceeding the national median of $2,690. Property taxes in Knowlesville 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 Knowlesville'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 Knowlesville or another part of Orleans County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Knowlesville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.06%
Estimate Property Tax Bill
$3,682
$3,641
Ownwell’s Knowlesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Knowlesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Knowlesville 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 Orleans County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Knowlesville, New York
Property taxes in Knowlesville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Knowlesville is 4.06%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Knowlesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Knowlesville 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 Knowlesville's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14479 has the highest median property tax rate of 4.06%, while the same zip code also has the lowest median tax rate of 4.06%. Understanding how these cities compare with Knowlesville provides valuable insights into the varying tax landscape across Orleans County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Knowlesville Tax Rate
4.06%
Average Orleans County Tax Rate
3.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Knowlesville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14479 | 3.63% | 3.85% | 4.06% | 4.33% | 4.88% |
Source: Ownwell
Property Tax Assessment Values Across Knowlesville, New York
In Knowlesville, 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 Orleans 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 Knowlesville, 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 Knowlesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14479 has the highest and lowest median tax bill at $3,597, reflecting the uniformity in property tax assessments in the area.
Average Knowlesville Assessed Value
$90,700
Average Orleans County Assessed Value
$108,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Knowlesville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14479 | $49,020 | $65,500 | $90,700 | $101,700 | $125,080 |
Source: Ownwell
Property Tax Bills Across Knowlesville, New York
In Knowlesville, Orleans County, NY, property tax bills are determined based on the assessed value of a home, which is calculated by local assessors. This value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Knowlesville is $90,700, and property tax rates can vary significantly within the area. Homeowners in Knowlesville experience a range of property tax bills, with the 25th percentile paying around $2,852 annually, while those in the 75th percentile face bills of approximately $4,022. At the 90th percentile, tax bills can reach up to $4,532. These figures highlight the variability in tax burdens depending on the assessed value of the property. Comparatively, the national median property tax rate is 0.99%, making Knowlesville's property taxes notably higher than the national average. This higher tax burden can affect homeowners by increasing their annual expenses, potentially impacting their financial planning and overall cost of living.
Average Knowlesville Tax Bill
$3,597
Average Orleans County Tax Bill
$3,855
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Knowlesville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14479 | $2,371 | $2,852 | $3,597 | $4,022 | $4,532 |
Source: Ownwell