Warnerville, New York Property Taxes
The median property tax rate in Warnerville, NY is 2.97%, 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 $134,118 in Warnerville, the typical annual property tax bill reaches $3,877, surpassing the national median of $2,690. Property taxes in Warnerville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Warnerville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Warnerville or another part of Schoharie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warnerville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.97%
Estimate Property Tax Bill
$3,983
$3,938
Ownwell’s Warnerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warnerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warnerville 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 Warnerville, New York
Property taxes in Warnerville, 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 Warnerville is 2.97%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Warnerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warnerville 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 Warnerville's effective property tax rate to other areas in Schoharie County and the national median. For comparison, the 12187 zip code has both the highest and lowest median property tax rate of 2.97%. Understanding how these areas compare with Warnerville provides valuable insights into the varying tax landscape across Schoharie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warnerville Tax Rate
2.97%
Average Schoharie County Tax Rate
2.84%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warnerville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12187 | 2.85% | 2.91% | 2.97% | 3.12% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Warnerville, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Warnerville, 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 Schoharie 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 Warnerville, 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. For instance, the median home price in Warnerville is $134,118, with tax bills ranging from $2,444 at the 25th percentile to $7,853 at the 90th percentile. The zip code 12187 has the highest and lowest median tax bill of $3,877. 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 Warnerville Assessed Value
$134,118
Average Schoharie County Assessed Value
$130,625
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warnerville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12187 | $44,586 | $83,296 | $134,118 | $194,281 | $268,746 |
Source: Ownwell
Property Tax Bills Across Warnerville, New York
In Warnerville, Schoharie County, NY, 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 improvements can influence the assessed value. For instance, the median home price in Warnerville is $134,118. Homeowners in Warnerville can expect tax bills to vary widely. The 25th percentile tax bill is $2,444, while the 75th percentile tax bill reaches $5,696, and the 90th percentile tax bill can be as high as $7,853. These variations reflect differences in property values and assessment accuracy. When compared to the national median property tax rate of 0.99%, Warnerville's rates can significantly impact homeowners, potentially making it more challenging to budget for yearly expenses. Understanding how these factors interplay helps homeowners anticipate their financial obligations better.
Average Warnerville Tax Bill
$3,877
Average Schoharie County Tax Bill
$3,729
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Warnerville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12187 | $1,282 | $2,444 | $3,877 | $5,696 | $7,853 |
Source: Ownwell