Ellington, New York Property Taxes
The median property tax rate in Ellington, NY is 3.35%, 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 Ellington at $70,500, the typical annual property tax bill reaches $2,315, which is below the national median of $2,690. Property taxes in Ellington 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 Ellington'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 Ellington or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ellington, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.35%
Estimate Property Tax Bill
$2,362
$2,192
Ownwell’s Ellington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellington 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 Ellington, New York
Property taxes in Ellington, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellington is 3.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ellington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellington 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 Ellington's effective property tax rate to other areas in Chautauqua County and the national median. For comparison, the zip code 14732 has both the highest and lowest median property tax rate of 3.35%. Understanding how these areas compare with Ellington 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 Ellington Tax Rate
3.35%
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 Ellington, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14732 | 3.04% | 3.31% | 3.35% | 3.39% | 3.39% |
Source: Ownwell
Property Tax Assessment Values Across Ellington, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ellington, New York. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Ellington, 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. For instance, the median home price in Ellington is $70,500, with tax bills ranging from $1,706 at the 25th percentile to $3,308 at the 90th percentile. The highest and lowest median tax bills are both $2,315, found in the zip code 14732. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ellington Assessed Value
$70,500
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 Ellington, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14732 | $38,350 | $50,250 | $70,500 | $80,275 | $102,700 |
Source: Ownwell
Property Tax Bills Across Ellington, New York
In Ellington, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the total tax bill. Factors such as property location, size, and market conditions play a crucial role in determining the assessed value. For homeowners in Ellington, the median home price is $70,500, and the property tax rates can lead to varying bills. For instance, the 25th percentile tax bill is around $1,706, while the 75th percentile tax bill reaches $2,625. At the 90th percentile, homeowners might see tax bills as high as $3,308. These figures highlight the range of property tax burdens residents may face, influenced by the assessed value and the specific tax rates applied in Chautauqua County. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Ellington Tax Bill
$2,315
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 Ellington, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14732 | $1,351 | $1,706 | $2,315 | $2,625 | $3,308 |
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 |