Willseyville, New York Property Taxes
The median property tax rate in Willseyville, NY is 3.27%, 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 Willseyville, the typical annual property tax bill reaches $2,903, exceeding the national median of $2,690. Property taxes in Willseyville 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 Willseyville'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 Willseyville 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
Willseyville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.27%
Estimate Property Tax Bill
$3,153
$3,118
Ownwell’s Willseyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willseyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willseyville 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 Willseyville, New York
Property taxes in Willseyville, 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 Willseyville is 3.27%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Willseyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willseyville 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 Willseyville's effective property tax rate to other counties in New York and the national median. For comparison, the 13864 zip code has the highest median property tax rate of 3.27%, while the same zip code also has the lowest median tax rate of 3.27%. Understanding how these areas compare with Willseyville provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willseyville Tax Rate
3.27%
Average Tioga County Tax Rate
3.13%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willseyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13864 | 1.66% | 2.59% | 3.27% | 3.69% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across Willseyville, New York
In Willseyville, 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 Tioga County Assessment Office 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 Willseyville, 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 Willseyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13864, with a tax bill of $2,903.00.
Average Willseyville Assessed Value
$96,432
Average Tioga County Assessed Value
$119,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willseyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13864 | $31,918 | $54,737 | $96,432 | $132,807 | $192,094 |
Source: Ownwell
Property Tax Bills Across Willseyville, New York
In Willseyville, Tioga County, NY, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, which is then multiplied by the local tax rate to calculate the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements made to the home. Homeowners in Willseyville experience a range of property tax bills. At the 25th percentile, the tax bill is around $1,449, while at the 75th percentile, it rises to $4,239. For those at the 90th percentile, the tax bill can be as high as $6,153. These figures highlight the variability in tax obligations depending on property values and other influencing factors. Compared to the national median property tax rate of 0.99%, Willseyville's property taxes can significantly impact homeowners, especially those with higher-valued properties. The highest median tax bill in the area is $2,903, found in zip code 13864, reflecting the higher end of the tax spectrum in this region.
Average Willseyville Tax Bill
$2,903
Average Tioga County Tax Bill
$3,510
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Willseyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13864 | $865 | $1,449 | $2,903 | $4,239 | $6,153 |
Source: Ownwell