Middleport, New York Property Taxes
The median property tax rate in Middleport, NY is 3.37%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $124,300 in Middleport, the typical annual property tax bill reaches $4,051, well above the national median of $2,690. Property taxes in Middleport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Middleport'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 Middleport 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
Middleport, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.37%
Estimate Property Tax Bill
$4,189
$4,142
Ownwell’s MIDDLEPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIDDLEPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIDDLEPORT 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 Middleport, New York
Property taxes in Middleport, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleport is 3.37%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Middleport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleport 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 Middleport's effective property tax rate to other counties in New York and the national median. For comparison, the 14105 zip code has the highest median property tax rate of 3.37%, while the same zip code also has the lowest median tax rate of 3.37%. Understanding how these cities compare with Middleport 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 Middleport Tax Rate
3.37%
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 Middleport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14105 | 2.63% | 3.17% | 3.37% | 3.44% | 3.51% |
Source: Ownwell
Property Tax Assessment Values Across Middleport, New York
In Middleport, 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 Middleport, 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. Middleport's median home price is $124,300, with tax bills ranging from $3,050 at the 25th percentile to $7,664 at the 90th percentile. Interestingly, the zip code 14105 holds both the highest and lowest median tax bills, each at $4,051. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middleport Assessed Value
$124,300
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 Middleport, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14105 | $62,940 | $95,000 | $124,300 | $171,700 | $242,980 |
Source: Ownwell
Property Tax Bills Across Middleport, New York
In Middleport, located in Orleans County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. The median home price in Middleport is $124,300, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $3,050, while the 75th percentile tax bill is $5,503, and the 90th percentile tax bill reaches $7,664. Compared to the national median property tax rate of 0.99%, Middleport's tax rates can result in higher annual bills for homeowners. This can impact homeowners' financial planning and the overall affordability of owning property in the area.
Average Middleport Tax Bill
$4,051
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 Middleport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14105 | $1,818 | $3,050 | $4,051 | $5,503 | $7,664 |
Source: Ownwell