Frewsburg, New York Property Taxes
The median property tax rate in Frewsburg, NY is 3.95%, 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 Frewsburg at $96,793, the typical annual property tax bill reaches $3,735, exceeding the national median of $2,690. Property taxes in Frewsburg 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 Frewsburg'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 Frewsburg 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
Frewsburg, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.95%
Estimate Property Tax Bill
$3,823
$3,780
Ownwell’s Frewsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Frewsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Frewsburg 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 Frewsburg, New York
Property taxes in Frewsburg, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Frewsburg is 3.95%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Frewsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Frewsburg 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 Frewsburg's effective property tax rate to other counties in New York and the national median. For comparison, the 14738 zip code has the highest median property tax rate of 3.95%, while the same zip code also has the lowest median tax rate of 3.95%. Understanding how these cities compare with Frewsburg 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 Frewsburg Tax Rate
3.95%
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 Frewsburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14738 | 3.78% | 3.79% | 3.95% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Frewsburg, New York
In Frewsburg, 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 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 Frewsburg, 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. The median home price in Frewsburg is $96,793, with tax bills ranging from $2,633 at the 25th percentile to $6,404 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Frewsburg Assessed Value
$96,793
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 Frewsburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14738 | $47,347 | $69,213 | $96,793 | $131,195 | $165,598 |
Source: Ownwell
Property Tax Bills Across Frewsburg, New York
In Frewsburg, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and then applies an assessment ratio. The tax rate is set by local taxing authorities and is influenced by budgetary needs for public services such as schools, infrastructure, and emergency services. Homeowners in Frewsburg can expect varying tax bills depending on their property's value. For instance, the median home price in the area is $96,793. Tax bills can range significantly, with the 25th percentile at $2,633, the 75th percentile at $5,050, and the 90th percentile reaching as high as $6,404. The highest median tax bill recorded in the zip code 14738 is $3,735, which is notably above the national median property tax rate of 0.99%. These tax obligations can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Frewsburg Tax Bill
$3,735
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 Frewsburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14738 | $1,745 | $2,633 | $3,735 | $5,050 | $6,404 |
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 |