Ontario, New York Property Taxes
The median property tax rate in Ontario, NY is 2.77%, 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 Ontario, the typical annual property tax bill reaches $5,842, exceeding the national median of $2,690. Property taxes in Ontario 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 Ontario'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 Ontario 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
Ontario, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.77%
Estimate Property Tax Bill
$5,882
$5,816
Ownwell’s Ontario Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ontario with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ontario 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 Ontario, New York
Property taxes in Ontario, 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 Ontario is 2.77%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Ontario set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ontario 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 Ontario's effective property tax rate to other counties in New York and the national median. For comparison, the 14519 ZIP code has both the highest and lowest median property tax rate of 2.77%. Understanding how these areas compare with Ontario 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 Ontario Tax Rate
2.77%
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 Ontario, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14519 | 2.66% | 2.76% | 2.77% | 2.77% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Ontario, New York
In Ontario, 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 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 Ontario, 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 Ontario helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $5,842 in zip code 14519, which is also the lowest median tax bill.
Average Ontario Assessed Value
$212,340
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 Ontario, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14519 | $143,298 | $171,277 | $212,340 | $274,149 | $343,634 |
Source: Ownwell
Property Tax Bills Across Ontario, New York
In Ontario, Wayne County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Homeowners in Ontario can expect property tax bills that vary significantly; for instance, the 25th percentile tax bill is $4,696, while the 75th percentile reaches $7,505, and the 90th percentile can go up to $9,401. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and applicable exemptions. With a median home price of $212,340, homeowners in Ontario face property tax bills that are considerably higher than the national median property tax rate of 0.99%. This high tax rate can significantly impact homeowners' annual expenses, making it essential for them to understand how their tax bill is calculated and explore potential exemptions to reduce their financial burden.
Average Ontario Tax Bill
$5,842
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 Ontario, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14519 | $3,907 | $4,696 | $5,842 | $7,505 | $9,401 |
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 |