Nineveh, New York Property Taxes
The median property tax rate in Nineveh, NY is 2.85%, 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 Nineveh at $105,577, the typical annual property tax bill reaches $2,801, slightly above the national median of $2,690. Property taxes in Nineveh 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 Nineveh'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 Nineveh 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
Nineveh, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$3,009
$2,975
Ownwell’s Nineveh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nineveh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nineveh 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 Broome County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Nineveh, New York
Property taxes in Nineveh, New York, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Nineveh is 2.85%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Nineveh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nineveh 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 Nineveh's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13813 has the highest median property tax rate of 2.85%, while the same zip code also has the lowest median tax rate of 2.85%. Understanding how these areas compare with Nineveh 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 Nineveh Tax Rate
2.85%
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 Nineveh, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13813 | 2.41% | 2.45% | 2.85% | 2.97% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across Nineveh, New York
In Nineveh, 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 Assessor 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 in Nineveh 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 Nineveh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 13813 has the highest median tax bill at $2801, while the lowest is also in the same zip code at $2801.
Average Nineveh Assessed Value
$105,577
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 Nineveh, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13813 | $44,928 | $72,627 | $105,577 | $159,746 | $230,760 |
Source: Ownwell
Property Tax Bills Across Nineveh, New York
In Nineveh, Broome County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Nineveh, the median home price is $105,577. The tax bills in this area can vary significantly, with the 25th percentile tax bill at $1,887 and the 75th percentile tax bill reaching $4,442. At the higher end, the 90th percentile tax bill can be as much as $6,111. Factors such as property size, location, and market conditions influence the assessed value, which in turn affects the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Nineveh may find their tax bills to be relatively high, impacting their overall cost of living. Understanding these factors can help homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Nineveh Tax Bill
$2,801
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 Nineveh, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13813 | $1,220 | $1,887 | $2,801 | $4,442 | $6,111 |
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 |