Endicott, New York Property Taxes
The median property tax rate in Endicott, NY is 3.79%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Endicott at $116,343, the typical annual property tax bill reaches $4,286, far exceeding the national median of $2,690. Property taxes in Endicott 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 Endicott'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 Endicott or another part of Broome County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Endicott, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.79%
Estimate Property Tax Bill
$4,409
$4,360
Ownwell’s Endicott Property Tax Bill Calculator is a valuable resource for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Endicott. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Endicott to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand potential tax liabilities with ease. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down for localized information. Your property’s assessed value, determined by Broome County, forms the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Endicott, New York
Property taxes in Endicott, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Endicott is 3.79%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Endicott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Endicott 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 Endicott's effective property tax rate to other areas in New York and the national median. For comparison, the 13760 zip code has the highest median property tax rate of 3.79%, while the lowest median tax rate in the same zip code is also 3.79%. Understanding how these cities compare with Endicott 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 Endicott Tax Rate
3.79%
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 Endicott, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13760 | 3.36% | 3.36% | 3.79% | 3.81% | 3.83% |
Source: Ownwell
Property Tax Assessment Values Across Endicott, New York
In Endicott, NY, 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. 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 Endicott helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 13760 has both the highest and lowest median tax bill, valued at $4,286.
Average Endicott Assessed Value
$116,343
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 Endicott, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13760 | $75,945 | $94,183 | $116,343 | $155,125 | $227,147 |
Source: Ownwell
Property Tax Bills Across Endicott, New York
In Endicott, located in Broome County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is intended to represent the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Endicott, the median home price is $116,343, and property tax bills can vary significantly. The 25th percentile tax bill is $3,354, while at the 75th percentile, it rises to $5,837. Homeowners in the 90th percentile see tax bills as high as $8,502. The highest median tax bill in the area is $4,286, found in the 13760 zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure. While the national median property tax rate is 0.99%, homeowners in Endicott experience varying tax burdens depending on their property's assessed value and the local tax rate, impacting their overall financial obligations.
Average Endicott Tax Bill
$4,286
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 Endicott, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13760 | $2,699 | $3,354 | $4,286 | $5,837 | $8,502 |
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 |