Naples, New York Property Taxes
The median property tax rate in Naples, NY is 2.93%, 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 $105,100 in Naples, the typical annual property tax bill reaches $2,916, exceeding the national median of $2,690. Property taxes in Naples are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Naples' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Naples 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
Naples, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.93%
Estimate Property Tax Bill
$3,079
$3,045
Ownwell’s Naples Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Naples. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Naples to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, localized information on neighborhood trends is available below. Remember, your property's assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Naples, New York
Property taxes in Naples, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naples is 2.93%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Naples set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naples 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 Naples' effective property tax rate to other counties in New York and the national median. For comparison, the 14512 zip code has the highest median property tax rate of 2.93%, while the same zip code also has the lowest median tax rate of 2.93%. Understanding how these cities compare with Naples 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 Naples Tax Rate
2.93%
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | 2.38% | 2.71% | 2.93% | 2.93% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across Naples, New York
In Naples, 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 Yates 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 Naples, 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 Naples helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 14512, with a tax bill of $2916, while the lowest median tax bill is also in zip code 14512, with the same value.
Average Naples Assessed Value
$105,100
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | $38,720 | $67,700 | $105,100 | $159,300 | $262,060 |
Source: Ownwell
Property Tax Bills Across Naples, New York
In Naples, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Several factors influence this calculation, including property size, location, and improvements. For homeowners in Naples, property taxes can significantly impact their finances. The median home price in the area is $105,100, and the tax bill varies widely. The 25th percentile tax bill is $1,833, while the 75th percentile tax bill reaches $4,458. At the 90th percentile, homeowners can expect to pay up to $6,963 annually. Compared to the national median property tax rate of 0.99%, the tax burden in Naples can be substantial, especially for higher-value properties. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Naples Tax Bill
$2,916
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | $1,069 | $1,833 | $2,916 | $4,458 | $6,963 |
Source: Ownwell