Fillmore, New York Property Taxes
The median property tax rate in Fillmore, NY is 3.33%, 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 Fillmore, the typical annual property tax bill reaches $2,358, slightly below the national median of $2,690. Property taxes in Fillmore 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 Fillmore'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 Fillmore 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
Fillmore, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.33%
Estimate Property Tax Bill
$2,384
$2,213
Ownwell’s Fillmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fillmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fillmore 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 Fillmore, New York
Property taxes in Fillmore, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fillmore is 3.33%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Fillmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fillmore 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 Fillmore's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14735 has both the highest and lowest median property tax rate of 3.33%. Understanding how these cities compare with Fillmore provides valuable insights into the varying tax landscape across Allegany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fillmore Tax Rate
3.33%
Average Allegany County Tax Rate
3.64%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fillmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14735 | 2.87% | 3.18% | 3.33% | 3.48% | 3.64% |
Source: Ownwell
Property Tax Assessment Values Across Fillmore, New York
In Fillmore, 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 local authorities 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 Fillmore, 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 Fillmore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14735 has the highest and lowest median tax bill, both at $2358.
Average Fillmore Assessed Value
$71,600
Average Allegany County Assessed Value
$72,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fillmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14735 | $27,550 | $47,050 | $71,600 | $106,450 | $164,000 |
Source: Ownwell
Property Tax Bills Across Fillmore, New York
In Fillmore, Allegany County, NY, property tax bills are determined by assessing the market value of a property 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. Various factors influence the assessed value, including property size, location, and condition. Homeowners in Fillmore experience a range of tax bills, with the 25th percentile at $1,510 and the 75th percentile at $3,418. The 90th percentile tax bill can reach up to $5,094. These figures are significantly higher than the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area, both recorded at $2,358, highlight the variability in property taxes within the region. For homeowners, these taxes fund essential public services such as education, infrastructure, and emergency services, directly impacting their community and quality of life.
Average Fillmore Tax Bill
$2,358
Average Allegany County Tax Bill
$2,710
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Fillmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14735 | $871 | $1,510 | $2,358 | $3,418 | $5,094 |
Source: Ownwell