Phoenix, New York Property Taxes
The median property tax rate in Phoenix, NY is 3.38%, 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 Phoenix, the typical annual property tax bill reaches $3,931, exceeding the national median of $2,690. Property taxes in Phoenix 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 Phoenix'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 Phoenix 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
Phoenix, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.38%
Estimate Property Tax Bill
$4,056
$4,010
Ownwell’s Phoenix Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Phoenix with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Phoenix 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 Phoenix, New York
Property taxes in Phoenix, 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 Phoenix is 3.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Phoenix set these rates annually, and they can vary significantly across different neighborhoods. Each year, Phoenix 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 Phoenix's effective property tax rate to other counties in New York and the national median. For comparison, the 13135 zip code has the highest median property tax rate of 3.38%, while the same zip code also has the lowest median tax rate of 3.38%. Understanding how these cities compare with Phoenix provides valuable insights into the varying tax landscape across Oswego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Phoenix Tax Rate
3.38%
Average Oswego County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Phoenix, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13135 | 3.10% | 3.10% | 3.38% | 3.56% | 3.80% |
Source: Ownwell
Property Tax Assessment Values Across Phoenix, New York
In Phoenix, 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 Oswego 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 Phoenix, 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 Phoenix helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3931 in the 13135 zip code, while the lowest median tax bill is also $3931 in the same zip code.
Average Phoenix Assessed Value
$120,000
Average Oswego County Assessed Value
$108,696
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Phoenix, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13135 | $60,000 | $89,647 | $120,000 | $160,000 | $215,385 |
Source: Ownwell
Property Tax Bills Across Phoenix, New York
In Phoenix, property tax bills are determined by the assessed value of your home and the local tax rate. The assessed value is typically a percentage of the market value of your property, determined by the county assessor. Various factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. For homeowners in Phoenix, the median home price is $120,000. Property tax bills vary significantly within the city, with the 25th percentile tax bill at $2,876 and the 75th percentile tax bill at $5,457. At the 90th percentile, property tax bills can reach up to $7,305. The highest and lowest median tax bills in the county are both $3,931, located in zip code 13135. Compared to the national median property tax rate of 0.99%, Phoenix's property tax rates can be considered moderate, but the actual impact on homeowners can vary based on the assessed value and specific circumstances of each property.
Average Phoenix Tax Bill
$3,931
Average Oswego County Tax Bill
$3,405
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Phoenix, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13135 | $2,014 | $2,876 | $3,931 | $5,457 | $7,305 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oswego Assessment Review Commission | |
| Website | oswegogis.maps.arcgis.com |