Stanley, New York Property Taxes
The median property tax rate in Stanley, NY is 2.48%, 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 Stanley, the typical annual property tax bill reaches $4,397, exceeding the national median of $2,690. Property taxes in Stanley 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 Stanley'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 Stanley or another part of Yates County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanley, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.48%
Estimate Property Tax Bill
$4,196
$4,149
Ownwell’s Stanley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stanley with just two key pieces of information. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stanley to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular data, scroll down to explore neighborhood-level trends. Your property’s assessed value is determined by Yates County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Stanley, New York
Property taxes in Stanley, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 2.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14561 has both the highest and lowest median property tax rate of 2.48%. Understanding how these areas compare with Stanley 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 Stanley Tax Rate
2.48%
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 Stanley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14561 | 1.63% | 2.15% | 2.48% | 2.49% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, New York
In Stanley, 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 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 Stanley, 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. The median home price in Stanley is $169,200, with tax bills ranging from $2,678 at the 25th percentile to $18,839 at the 90th percentile. The zip code 14561 has both the highest and lowest median tax bill, at $4,397. Being aware of these valuation processes in Stanley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stanley Assessed Value
$169,200
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 Stanley, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14561 | $45,940 | $104,050 | $169,200 | $243,175 | $1,078,210 |
Source: Ownwell
Property Tax Bills Across Stanley, New York
In Stanley, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. In Yates County, where Stanley is located, the median home price is $169,200. Homeowners in Stanley can expect a wide range of property tax bills. For instance, the tax bill at the 25th percentile is $2,678, while at the 75th percentile, it jumps to $8,024. At the 90th percentile, the tax bill can be as high as $18,839. These figures highlight the variability in property taxes, which can significantly impact homeowners' financial planning. Compared to the national median property tax rate of 0.99%, Stanley's tax bills indicate a range of potential financial obligations for property owners, emphasizing the importance of understanding local tax assessments and rates.
Average Stanley Tax Bill
$4,397
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 Stanley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14561 | $1,522 | $2,678 | $4,397 | $8,024 | $18,839 |
Source: Ownwell