Webster, New York Property Taxes
The median property tax rate in Webster, NY is 2.85%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $207,200 in Webster, the typical annual property tax bill reaches $5,644, well above the national median of $2,690. Property taxes in Webster are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Webster's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Webster or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Webster, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$5,905
$5,839
Ownwell’s Webster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Webster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Webster 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 Webster, New York
Property taxes in Webster, 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 Webster is 2.85%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Webster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Webster 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 Webster's effective property tax rate to other counties in New York and the national median. For comparison, the 14580 zip code has the highest median property tax rate of 2.85%, while the same zip code also has the lowest median tax rate of 2.85%. Understanding how these cities compare with Webster 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 Webster Tax Rate
2.85%
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 Webster, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14580 | 2.71% | 2.85% | 2.85% | 2.85% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Webster, New York
In Webster, 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 Webster, 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. For instance, the zip code 14580 sees the highest median tax bill at $5,644. Being aware of these valuation processes in Webster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Webster Assessed Value
$207,200
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 Webster, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14580 | $151,740 | $171,600 | $207,200 | $292,600 | $334,860 |
Source: Ownwell
Property Tax Bills Across Webster, New York
In Webster, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, and this figure is multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $207,200, homeowners can expect varying tax bills depending on their property’s assessed value and the specific tax rate applied. Factors such as property location, improvements, and market conditions influence the assessed value. In Webster, the 25th percentile tax bill is around $4,898, while the 75th percentile tax bill reaches $7,783, and the 90th percentile tax bill can be as high as $9,473. These figures highlight the range of tax burdens homeowners might face. Comparatively, Webster’s property tax rates are higher than the national median property tax rate of 0.99%, impacting homeowners significantly. The highest and lowest median tax bills in the area are both $5,644, indicating a consistent tax rate across different properties in the same zip code (14580).
Average Webster Tax Bill
$5,644
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 Webster, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14580 | $4,331 | $4,898 | $5,644 | $7,783 | $9,473 |
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 |