Celoron, New York Property Taxes
The median property tax rate in Celoron, NY is 3.69%, 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 Celoron at $47,439, the typical annual property tax bill reaches $1,751, which is lower than the national median of $2,690. Property taxes in Celoron 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 Celoron'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 Celoron or another part of Chautauqua County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Celoron, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$1,750
$1,624
Ownwell’s Celoron Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Celoron using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Celoron to provide an estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the figure determined by Chautauqua County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Celoron, New York
Property taxes in Celoron, 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 Celoron is 3.69%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Celoron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Celoron 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 Celoron's effective property tax rate to other counties in New York and the national median. For comparison, the 14720 zip code has the highest median property tax rate of 3.69%, while the same zip code also has the lowest median tax rate of 3.69%. Understanding how these cities compare with Celoron provides valuable insights into the varying tax landscape across Chautauqua County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Celoron Tax Rate
3.69%
Average Chautauqua County Tax Rate
2.90%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Celoron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14720 | 3.69% | 3.69% | 3.69% | 3.69% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across Celoron, New York
In Celoron, 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 Chautauqua County Assessment Office 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 Celoron, 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 Celoron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Celoron is $47,439, with median tax bills ranging from $1,433 at the 25th percentile to $2,637 at the 90th percentile. The highest and lowest median tax bills are both $1,751 in the 14720 zip code.
Average Celoron Assessed Value
$47,439
Average Chautauqua County Assessed Value
$91,916
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Celoron, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14720 | $12,021 | $39,892 | $47,439 | $58,490 | $72,237 |
Source: Ownwell
Property Tax Bills Across Celoron, New York
In Celoron, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate set by various taxing authorities, including county, city, and school districts. The median home price in Celoron is $47,439, and homeowners can expect tax bills to vary significantly. For instance, tax bills at the 25th percentile are around $1,433, while those at the 75th percentile reach $2,079. The highest tax bills, at the 90th percentile, can go up to $2,637. Several factors influence these tax bills, including the overall budget needs of the taxing authorities and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Celoron's tax rates may seem higher, impacting homeowners by increasing their annual expenses. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Celoron Tax Bill
$1,751
Average Chautauqua County Tax Bill
$2,807
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Celoron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14720 | $527 | $1,433 | $1,751 | $2,079 | $2,637 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Chautauqua Assessment Review Commission | |
| Website | chautauquacounty.maps.arcgis.com |