North Rose, New York Property Taxes
The median property tax rate in North Rose, NY is 2.62%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in North Rose at $113,300, the typical annual property tax bill reaches $3,062, surpassing the national median of $2,690. Property taxes in North Rose are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Rose'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 North Rose 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
North Rose, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$2,968
$2,935
Ownwell’s North Rose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Rose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Rose 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 North Rose, New York
Property taxes in North Rose, 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 North Rose is 2.62%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Rose set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Rose 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 North Rose's effective property tax rate to other counties in New York and the national median. For comparison, the 14516 zip code has the highest median property tax rate of 2.62%, while the same zip code has the lowest median tax rate of 2.62%. Understanding how these cities compare with North Rose 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 North Rose Tax Rate
2.62%
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 North Rose, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14516 | 2.36% | 2.42% | 2.62% | 2.79% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across North Rose, New York
In North Rose, 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 North Rose, 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 North Rose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14516 has both the highest and lowest median tax bill at $3,062, reflecting the diverse property values within the region.
Average North Rose Assessed Value
$113,300
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 North Rose, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14516 | $58,860 | $83,300 | $113,300 | $200,600 | $347,600 |
Source: Ownwell
Property Tax Bills Across North Rose, New York
In North Rose, located in Wayne County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in North Rose is $113,300, and the assessed value is used to determine the annual property tax. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in North Rose experience a range of property tax bills, with the 25th percentile at $2,239 and the 75th percentile reaching $4,956. At the 90th percentile, tax bills can be as high as $8,339. These variations reflect differences in property values and assessments within the community. Compared to the national median property tax rate of 0.99%, North Rose's rates are influenced by local government budgets and public service funding needs. High property taxes can impact homeowners by increasing the cost of homeownership, while lower taxes can make the area more attractive to potential buyers. The highest and lowest median tax bills in North Rose are both recorded at $3,062 in zip code 14516.
Average North Rose Tax Bill
$3,062
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 North Rose, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14516 | $1,611 | $2,239 | $3,062 | $4,956 | $8,339 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Wayne Assessment Review Commission | |
| Website | wayne.sdgnys.com |