Castle Creek, Broome County, New York Property Taxes

Name: Property Tax Bills Across Castle Creek, Broome County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median CASTLE CREEK, NY effective property tax rate: 2.99%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median CASTLE CREEK, NY home value: $105,400
Median annual CASTLE CREEK, NY tax bill: $3,018, $618 higher than the national median property tax bill of $2,400.

How are property taxes in Broome County calculated?

Property taxes in CASTLE CREEK, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding CASTLE CREEK’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CASTLE CREEK, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Castle Creek, Broome County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.99%

Estimate Property Tax Bill

$3,151

$2,924

Ownwell’s Castle Creek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Castle Creek with just two data points. By entering your property's estimated assessed value, our calculator applies Castle Creek’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Broome County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Castle Creek, Broome County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Castle Creek, Broome County, NY, the effective property tax rate is a significant 2.99%, which is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Castle Creek may face higher property tax bills compared to the national median of $2,400. By comparison, the median property tax rate in New York state is also 2.99%, indicating that Castle Creek aligns with the state average but stands out when viewed against the national landscape. Understanding these local tax rates can be crucial for homeowners considering property investments in the area.

Property Tax Rates Across Castle Creek, Broome County, New York

Source: Ownwell

2.33%

4.37%

6.41%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Castle Creek Tax Rate

2.99%

Median Effective Broome County Tax Rate

3.50%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Castle Creek, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13744	2.59%	2.60%	2.99%	3.03%	3.41%

Source: Ownwell

Property Tax Assessment Values Across Castle Creek, Broome County, New York

When examining property taxes in Castle Creek, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Broome County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Broome County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Castle Creek. For example, the median home price in Castle Creek is $105,400, with tax bills ranging significantly across the county. 13744 has the highest median home price at $105,400.

Property Tax Assessment Values Across Castle Creek, Broome County, New York

Source: Ownwell

$60,170

$114,885

$169,600

Median Castle Creek Market Value

$105,400

Median Broome County Market Value

$113,808

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Castle Creek, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13744	$45,100	$76,778	$105,400	$154,077	$195,500

Source: Ownwell

Property Tax Bills Across Castle Creek, Broome County, New York

In Castle Creek, Broome County, NY, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors influencing the assessed value include the property's market value, improvements made, and comparable properties in the area. The median property tax bill in Castle Creek is $3,018, which is above the national median of $2,400. For homeowners, this can translate to a significant financial burden, particularly when compared to the national median property tax rate of 1.02%.

Ownwell helps homeowners in Castle Creek by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell ensures that homeowners are not overpaying. Our expertise in navigating the appeal process can lead to reduced tax bills, providing substantial savings. With Ownwell's assistance, homeowners can confidently manage their property taxes and potentially lower their expenses, easing the financial strain of homeownership in Castle Creek.

Property Tax Bills Across Castle Creek, Broome County, New York

Source: Ownwell

$1,617

$3,572

$5,526

Median Castle Creek Tax Bill

$3,018

Median Broome County Tax Bill

$4,421

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Castle Creek, Broome County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13744	$1,318	$2,209	$3,018	$4,605	$5,978

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Broome Assessment Review Commission
Website	gis.broomecountyny.gov