Dansville, New York Property Taxes
The median property tax rate in Dansville, NY is 2.76%, 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 Dansville at $97,000, the typical annual property tax bill reaches $2,662, closely aligning with the national median of $2,690. Property taxes in Dansville 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 Dansville'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 Dansville 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
Dansville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$2,677
$2,647
Ownwell’s Dansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dansville 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 Dansville, New York
Property taxes in Dansville, 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 Dansville is 2.76%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Dansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dansville 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 Dansville's effective property tax rate to other counties in New York and the national median. For comparison, the 14437 zip code has the highest median property tax rate of 2.76%, while the same zip code also has the lowest median tax rate of 2.76%. Understanding how these areas compare with Dansville provides valuable insights into the varying tax landscape across Steuben County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dansville Tax Rate
2.76%
Average Steuben County Tax Rate
2.84%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14437 | 2.57% | 2.74% | 2.76% | 3.02% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Dansville, New York
In Dansville, 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 Steuben 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 Dansville, 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 Dansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $2,662, with the zip code 14437.
Average Dansville Assessed Value
$97,000
Average Steuben County Assessed Value
$102,326
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14437 | $30,600 | $59,500 | $97,000 | $150,000 | $199,580 |
Source: Ownwell
Property Tax Bills Across Dansville, New York
In Dansville, located in Steuben County, NY, property tax bills are derived from the assessed value of a home combined with the local tax rate. The median home price in Dansville stands at $97,000. Homeowners can expect their tax bills to vary significantly based on their property's assessed value and the specific tax rate applied by local authorities. For instance, the 25th percentile tax bill is around $1,687, while the 75th percentile tax bill is approximately $4,276. At the higher end, the 90th percentile tax bill reaches $5,581. These figures illustrate the range of property tax burdens faced by homeowners in Dansville. The highest and lowest median tax bills in the region are both $2,662, highlighting a consistent tax rate application across different properties. Compared to the national median property tax rate of 0.99%, Dansville’s tax rate and the resulting bills can significantly impact homeowners' financial planning and overall cost of living.
Average Dansville Tax Bill
$2,662
Average Steuben County Tax Bill
$2,992
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Dansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14437 | $908 | $1,687 | $2,662 | $4,276 | $5,581 |
Source: Ownwell