Jamestown, New York Property Taxes
The median property tax rate in Jamestown, NY is 4.59%, 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 Jamestown at $61,932, the typical annual property tax bill reaches $2,605, slightly below the national median of $2,690. Property taxes in Jamestown 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 Jamestown'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 Jamestown 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
Jamestown, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.59%
Estimate Property Tax Bill
$2,843
$2,638
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, New York
Property taxes in Jamestown, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jamestown is 4.59%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14701 has both the highest and lowest median property tax rate of 4.59%. Understanding how these areas compare with Jamestown 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 Jamestown Tax Rate
4.59%
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 Jamestown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14701 | 2.90% | 3.38% | 4.59% | 4.59% | 4.59% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, New York
In Jamestown, 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 Jamestown, 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 Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jamestown is $61,932, with the highest median tax bill being $2,605 in zip code 14701.
Average Jamestown Assessed Value
$61,932
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 Jamestown, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14701 | $24,432 | $39,773 | $61,932 | $92,722 | $145,795 |
Source: Ownwell
Property Tax Bills Across Jamestown, New York
In Jamestown, Chautauqua County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions or abatements influence the assessed value. For instance, the median home price in Jamestown is $61,932. Homeowners in the 25th percentile can expect a tax bill around $1,693, while those in the 75th percentile might see bills up to $3,543. The 90th percentile tax bill can reach $5,002, indicating significant variability based on property value and location within the city. The highest and lowest median tax bills in the area both stand at $2,605, reflecting a uniformity in certain zones. This calculation method ensures that property taxes are proportionate to the value of the property, impacting homeowners by requiring higher payments for more valuable properties and providing relief for those with lower-valued homes.
Average Jamestown Tax Bill
$2,605
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 Jamestown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14701 | $1,042 | $1,693 | $2,605 | $3,543 | $5,002 |
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 |