Clyde, New York Property Taxes
The median property tax rate in Clyde, NY is 2.88%, 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 Clyde at $82,000, the typical annual property tax bill reaches $2,948, exceeding the national median of $2,690. Property taxes in Clyde 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 Clyde'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 Clyde 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
Clyde, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.88%
Estimate Property Tax Bill
$2,362
$2,335
Ownwell’s Clyde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde 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 Clyde, New York
Property taxes in Clyde, 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 Clyde is 2.88%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clyde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clyde 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 Clyde's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14433 has the highest median property tax rate of 2.88%, while the lowest median tax rate is also 2.88%. Understanding how these cities compare with Clyde provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clyde Tax Rate
2.88%
Average Wayne County Tax Rate
3.01%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyde, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14433 | 2.58% | 2.87% | 2.88% | 4.18% | 4.18% |
Source: Ownwell
Property Tax Assessment Values Across Clyde, New York
In Clyde, 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 Wayne 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 Clyde, 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 Clyde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clyde is $82,000. The median property tax bill ranges significantly, with the 25th percentile at $2,198 and the 75th percentile at $3,868. The highest median tax bill in the area is $2,948, found in zip code 14433. Understanding these figures can help homeowners better anticipate their tax obligations and explore potential savings.
Average Clyde Assessed Value
$82,000
Average Wayne County Assessed Value
$152,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clyde, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14433 | $38,316 | $61,842 | $82,000 | $116,316 | $196,796 |
Source: Ownwell
Property Tax Bills Across Clyde, New York
In Clyde, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Clyde is $82,000, and the property tax rate in Wayne County significantly impacts homeowners' finances. The tax bill varies widely, with the 25th percentile paying around $2,198, while those in the 75th percentile see bills as high as $3,868. At the 90th percentile, homeowners can expect to pay up to $5,429. These figures illustrate the substantial range in property tax obligations within the community. For comparison, the national median property tax rate is 0.99%, which highlights how Clyde's rates can differ significantly from the national average. Homeowners in Clyde must carefully consider these factors when budgeting for their annual expenses, as property taxes constitute a significant portion of homeownership costs.
Average Clyde Tax Bill
$2,948
Average Wayne County Tax Bill
$4,668
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyde, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14433 | $1,531 | $2,198 | $2,948 | $3,868 | $5,429 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Wayne Assessment Review Commission | |
| Website | wayne.sdgnys.com |