Afton, New York Property Taxes
The median property tax rate in Afton, NY is 2.33%, which is 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 $115,384 in Afton, the typical annual property tax bill reaches $2,975, surpassing the national median of $2,690. Property taxes in Afton are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Afton'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 Afton or another part of Broome County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Afton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$2,688
$2,495
Ownwell’s Afton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Afton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Afton 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 Afton, New York
Property taxes in Afton, 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 Afton is 2.33%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Afton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Afton 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 Afton's effective property tax rate to other counties in New York and the national median. For comparison, the 13730 zip code has both the highest and lowest median property tax rate of 2.33%. Understanding how these cities compare with Afton provides valuable insights into the varying tax landscape across Broome County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Afton Tax Rate
2.33%
Average Broome County Tax Rate
3.50%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Afton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13730 | 2.33% | 2.33% | 2.33% | 2.96% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across Afton, New York
In Afton, 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 Broome 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 Afton, 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 Afton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Afton is 13730, with a median tax bill of $2,975.
Average Afton Assessed Value
$115,384
Average Broome County Assessed Value
$113,808
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Afton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13730 | $37,481 | $68,606 | $115,384 | $164,966 | $237,884 |
Source: Ownwell
Property Tax Bills Across Afton, New York
In Afton, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the tax rate set by Broome County to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. For homeowners in Afton, the median home price is $115,384, resulting in varying tax bills. The 25th percentile tax bill is approximately $1,965, while the 75th percentile reaches $4,199. At the 90th percentile, homeowners could face a tax bill as high as $6,912. Comparatively, the highest and lowest median tax bills in Afton are both $2,975, indicating a relatively consistent tax burden across different properties. These tax bills can significantly impact homeowners, influencing decisions on property investments and overall financial planning. Given that the national median property tax rate is 0.99%, homeowners in Afton may find their tax rates to be higher or lower depending on their specific circumstances.
Average Afton Tax Bill
$2,975
Average Broome County Tax Bill
$4,421
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Afton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13730 | $986 | $1,965 | $2,975 | $4,199 | $6,912 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Broome Assessment Review Commission | |
| Website | gis.broomecountyny.gov |