Himrod, New York Property Taxes
The median property tax rate in Himrod, NY is 1.74%, 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 Himrod at $213,600, the typical annual property tax bill reaches $3,471, exceeding the national median of $2,690. Property taxes in Himrod 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 Himrod'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 Himrod 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
Himrod, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$3,717
$3,675
Ownwell’s Himrod Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Himrod with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Himrod 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 Himrod, New York
Property taxes in Himrod, 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 Himrod is 1.74%, significantly higher than the U.S. national median of 0.99%. Local government entities within Himrod set these rates annually, and they can vary significantly across different neighborhoods. Each year, Himrod 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 Himrod's effective property tax rate to other areas in Yates County and the national median. For comparison, the 14842 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how Himrod compares with other areas provides valuable insights into the varying tax landscape across Yates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Himrod Tax Rate
1.74%
Average Yates County Tax Rate
1.79%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Himrod, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14842 | 1.40% | 1.70% | 1.74% | 1.75% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Himrod, New York
In Himrod, NY, 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 Yates 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 Himrod, 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. The median home price in Himrod is $213,600, with tax bills ranging from $1,835 at the 25th percentile to $9,988 at the 90th percentile. The zip code with the highest median tax bill is 14842, with a value of $3,471. 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 Himrod helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Himrod Assessed Value
$213,600
Average Yates County Assessed Value
$166,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Himrod, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14842 | $64,880 | $107,100 | $213,600 | $413,300 | $622,000 |
Source: Ownwell
Property Tax Bills Across Himrod, New York
In Himrod, located in Yates County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the tax rate set by local taxing authorities. For homeowners, several factors influence the final tax bill, including the property's assessed value, tax rates, and any applicable exemptions. For instance, with a median home price of $213,600, homeowners can expect a range of tax bills. The 25th percentile tax bill is around $1,835, while the 75th percentile reaches up to $6,531. At the higher end, the 90th percentile tax bill can be as much as $9,988. This variability demonstrates how property values and tax rates impact what homeowners owe annually. In comparison to the national median property tax rate of 0.99%, Himrod's rates can result in significantly different tax obligations depending on the assessed value and specific circumstances of the property. Homeowners in the 14842 zip code experience a median tax bill of $3,471, indicating a notable range within the region.
Average Himrod Tax Bill
$3,471
Average Yates County Tax Bill
$3,654
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Himrod, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14842 | $1,184 | $1,835 | $3,471 | $6,531 | $9,988 |
Source: Ownwell