Dewittville, New York Property Taxes
The median property tax rate in Dewittville, NY is 1.78%, 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 Dewittville, the typical annual property tax bill reaches $3,047, exceeding the national median of $2,690. Property taxes in Dewittville 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 Dewittville'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 Dewittville 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
Dewittville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$2,264
$2,101
Ownwell’s Dewittville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dewittville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dewittville 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Dewittville, New York
Property taxes in Dewittville, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Dewittville is 1.78%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Dewittville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dewittville 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 Dewittville's effective property tax rate to other counties in New York and the national median. For comparison, the 14728 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Dewittville 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 Dewittville Tax Rate
1.78%
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 Dewittville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14728 | 1.70% | 1.75% | 1.78% | 2.27% | 3.21% |
Source: Ownwell
Property Tax Assessment Values Across Dewittville, New York
In Dewittville, 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 Chautauqua 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. In Dewittville, 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. Dewittville’s median home price stands at $127,200, with the highest median tax bill in zip code 14728 at $3,047. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dewittville Assessed Value
$127,200
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 Dewittville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14728 | $56,180 | $85,000 | $127,200 | $251,500 | $408,600 |
Source: Ownwell
Property Tax Bills Across Dewittville, New York
In Dewittville, located in Chautauqua County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $127,200, the tax bill can range significantly based on specific assessments and exemptions. Homeowners in the 25th percentile can expect tax bills around $1,762, while those in the 75th percentile may see bills as high as $4,746. At the 90th percentile, tax bills can reach up to $7,476. This variability in tax bills is influenced by factors such as property location, home improvements, and applicable exemptions. Notably, the highest median tax bill in the area is $3,047. Compared to the national median property tax rate of 0.99%, Dewittville's tax rates reflect the localized nature of property taxation, impacting homeowners' annual financial planning and overall cost of homeownership.
Average Dewittville Tax Bill
$3,047
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 Dewittville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14728 | $1,043 | $1,762 | $3,047 | $4,746 | $7,476 |
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 |