Whitney Point, Broome County, New York Property Taxes
Median Whitney Point, NY effective property tax rate: 2.72%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Whitney Point, NY home value: $106,400
Median annual Whitney Point, NY tax bill: $2,978, $578 higher than the national median property tax bill of $2,400.
How are property taxes in Broome calculated?
Property taxes in Whitney Point, 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 Whitney Point’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Whitney Point, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Whitney Point, Broome County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.72%
Estimate Property Tax Bill
$2,894
$2,686
Ownwell’s Whitney Point Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Whitney Point with just two data points.
By entering your property's estimated assessed value, our calculator applies Whitney Point’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 Whitney Point, Broome County, New York
Local government entities set tax rates, which can vary widely within a state. Each year, counties like Broome in New York estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.
In Whitney Point, located in Broome County, property owners face a property tax rate that reflects these calculations. When compared to other cities in New York, Whitney Point's effective property tax rate aligns with the state's median, which is notably higher than the national median. The national median property tax rate is 1.02%, whereas New York's median stands at 2.72%, indicating a significant difference. This higher rate translates into a larger property tax bill for homeowners in Whitney Point compared to the national median of $2,400. Understanding these figures helps property owners anticipate their financial obligations and highlights the importance of appealing inaccurate assessments or seeking exemptions to manage their tax liabilities effectively.
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 Whitney Point Tax Rate
2.72%
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 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 Whitney Point, Broome County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13862 | 2.60% | 2.72% | 2.72% | 2.99% | 3.16% |
Source: Ownwell
Property Tax Assessment Values Across Whitney Point, Broome County, New York
When examining property taxes in Whitney Point, 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 May. 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 Whitney Point. For example, the median home price in Whitney Point is $106,400, with tax bills ranging significantly across the county. Zip code 13862 has the highest median home price at $106,400.
Property Tax Assessment Values Across Whitney Point, Broome County, New York
Source: Ownwell
$60,170
$114,885
$169,600
Median Whitney Point Market Value
$106,400
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 Whitney Point, Broome County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13862 | $41,063 | $67,886 | $106,400 | $152,357 | $205,496 |
Source: Ownwell
Property Tax Bills Across Whitney Point, Broome County, New York
In Whitney Point, Broome County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. With a median home price of $106,400, the property tax rate is applied to the assessed value to determine the annual tax bill. In this area, the 25th percentile tax bill is $1,883, while the 75th percentile reaches $4,284, and the 90th percentile is as high as $5,824. This indicates a significant variation in tax bills, influenced by factors like property size, location, and market conditions. The median tax bill in Whitney Point stands at $2,978, which is above the national median of $2,400, reflecting the area's specific tax rate and property values.
Homeowners in Whitney Point can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying discrepancies, Ownwell can help reduce tax liabilities, ensuring homeowners pay only their fair share. This service is crucial for managing expenses and maximizing savings on property tax bills.
Median Whitney Point Tax Bill
$2,978
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 Whitney Point, Broome County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13862 | $1,140 | $1,883 | $2,978 | $4,284 | $5,824 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Broome Assessment Review Commission | |
| Website | gis.broomecountyny.gov |