Fredonia, New York Property Taxes
The median property tax rate in Fredonia, NY, is 3.26%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Fredonia at $143,333, the typical annual property tax bill reaches $4,498, far exceeding the national median of $2,690. Property taxes in Fredonia 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 Fredonia'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 Fredonia 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
Fredonia, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.26%
Estimate Property Tax Bill
$4,673
$4,336
Ownwell’s Fredonia Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fredonia with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fredonia to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is the value assigned by Chautauqua County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Fredonia, New York
Property taxes in Fredonia, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredonia is 3.26%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Fredonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredonia 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 Fredonia's effective property tax rate to other counties in New York and the national median. For comparison, the 14063 zip code has both the highest and lowest median property tax rate at 3.26%. Understanding how these cities compare with Fredonia 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 Fredonia Tax Rate
3.26%
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 Fredonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14063 | 2.90% | 3.05% | 3.26% | 3.26% | 3.26% |
Source: Ownwell
Property Tax Assessment Values Across Fredonia, New York
In Fredonia, 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 Fredonia, 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 Fredonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fredonia, both at $4,498, are found in the zip code 14063.
Average Fredonia Assessed Value
$143,333
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 Fredonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14063 | $76,366 | $104,250 | $143,333 | $192,750 | $255,996 |
Source: Ownwell
Property Tax Bills Across Fredonia, New York
In Fredonia, located in Chautauqua County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value of the property, which is determined by the local assessor. Various factors such as property size, location, and condition are considered during the assessment process. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Fredonia, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $3,242, while the 75th percentile reaches $5,993, and the 90th percentile goes up to $7,963. These property tax bills can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, homeowners in Fredonia may experience different levels of financial burden depending on their property's assessed value and specific tax rate.
Average Fredonia Tax Bill
$4,498
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 Fredonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14063 | $2,326 | $3,242 | $4,498 | $5,993 | $7,963 |
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 |