Lindley, New York Property Taxes
The median property tax rate in Lindley, NY is 3.22%, 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 Lindley, the typical annual property tax bill reaches $4,016, exceeding the national median of $2,690. Property taxes in Lindley 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 Lindley’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 Lindley 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
Lindley, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.22%
Estimate Property Tax Bill
$4,267
$4,219
Ownwell’s Lindley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lindley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lindley 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 Lindley, New York
Property taxes in Lindley, 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 Lindley is 3.22%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Lindley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lindley 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 Lindley's effective property tax rate to other areas in New York and the national median. For comparison, the 14858 zip code has the highest median property tax rate of 3.22%, while the same zip code also has the lowest median tax rate of 3.22%. Understanding how these areas compare with Lindley 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 Lindley Tax Rate
3.22%
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 Lindley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14858 | 2.74% | 3.18% | 3.22% | 3.22% | 3.28% |
Source: Ownwell
Property Tax Assessment Values Across Lindley, New York
In Lindley, 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 Lindley, 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 Lindley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14858 in Lindley has both the highest and lowest median tax bill at $4016.
Average Lindley Assessed Value
$132,530
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 Lindley, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14858 | $47,619 | $88,675 | $132,530 | $188,095 | $259,905 |
Source: Ownwell
Property Tax Bills Across Lindley, New York
Property tax bills in Lindley, Steuben County, NY, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and is intended to reflect the market value of the property. This value is then multiplied by the tax rate set by the local government to determine the annual tax bill. For example, with a median home price of $132,530, homeowners in Lindley can expect a tax bill that varies significantly. The 25th percentile tax bill is around $2,493, while the 75th percentile tax bill reaches up to $5,821. At the 90th percentile, the tax bill can be as high as $7,970. These property tax rates can have a substantial impact on homeowners, influencing their overall cost of living. Compared to the national median property tax rate of 0.99%, Lindley's property tax rates can be considered relatively high, which underscores the importance of understanding local property tax obligations for homeowners in the area.
Average Lindley Tax Bill
$4,016
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 Lindley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14858 | $1,380 | $2,493 | $4,016 | $5,821 | $7,970 |
Source: Ownwell