Maple Springs, New York Property Taxes
The median property tax rate in Maple Springs, NY is 2.28%, 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 Maple Springs, the typical annual property tax bill reaches $4,207, exceeding the national median of $2,690. Property taxes in Maple Springs 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 Maple Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Maple Springs 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
Maple Springs, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$4,207
$3,904
Ownwell’s Maple Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maple Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maple Springs 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 Maple Springs, New York
Property taxes in Maple Springs, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maple Springs is 2.28%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Maple Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maple Springs 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 Maple Springs' effective property tax rate to other counties in New York and the national median. For comparison, the 14756 zip code has the highest median property tax rate of 2.28%, while the same zip code also has the lowest median tax rate of 2.28%. Understanding how these cities compare with Maple Springs 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 Maple Springs Tax Rate
2.28%
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 Maple Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14756 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Maple Springs, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maple Springs, NY. 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 Maple Springs, 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. The median home price in Maple Springs is $184,500, with tax bills ranging from $4,047 at the 25th percentile to $4,462 at the 90th percentile. The highest and lowest median tax bills both stand at $4,207 in the 14756 zip code. 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 Maple Springs Assessed Value
$184,500
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 Maple Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14756 | $173,300 | $177,500 | $184,500 | $191,500 | $195,700 |
Source: Ownwell
Property Tax Bills Across Maple Springs, New York
In Maple Springs, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Maple Springs is $184,500, and the property tax rate in Chautauqua County is significantly higher than the national median of 0.99%. Homeowners in Maple Springs can expect their tax bills to vary depending on the assessed value of their property. For instance, those at the 25th percentile might pay around $4,047, while those at the 75th percentile could see bills closer to $4,366. The highest median tax bill in the area is recorded at $4,207 in the 14756 zip code. Factors such as property size, location, and market conditions influence these assessments, directly impacting the amount homeowners owe. High property taxes can affect household budgets, making it essential for homeowners to understand how these bills are calculated and what exemptions or appeals might be available to them.
Average Maple Springs Tax Bill
$4,207
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 Maple Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14756 | $3,951 | $4,047 | $4,207 | $4,366 | $4,462 |
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 |