South Dayton, New York Property Taxes
The median property tax rate in South Dayton, NY is 2.83%, 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 South Dayton, the typical annual property tax bill reaches $2,884, exceeding the national median of $2,690. Property taxes in South Dayton 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 South Dayton'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 South Dayton 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
South Dayton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$3,124
$3,089
Ownwell’s South Dayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Dayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Dayton 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 South Dayton, New York
Property taxes in South Dayton, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Dayton is 2.83%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within South Dayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Dayton 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 South Dayton's effective property tax rate to other areas in New York and the national median. For comparison, the 14138 zip code has the highest median property tax rate of 2.83%, while the same zip code also has the lowest median tax rate of 2.83%. Understanding how these areas compare with South Dayton 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 regions.
Average South Dayton Tax Rate
2.83%
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 South Dayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14138 | 1.92% | 2.52% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across South Dayton, New York
In South Dayton, 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 South Dayton, 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 South Dayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14138 has the highest median tax bill of $2,884, which is essential information for homeowners in the area.
Average South Dayton Assessed Value
$110,392
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 South Dayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14138 | $34,884 | $72,593 | $110,392 | $154,227 | $211,482 |
Source: Ownwell
Property Tax Bills Across South Dayton, New York
In South Dayton, located in Chautauqua County, NY, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the local assessor’s office and is meant to reflect a percentage of the property's market value. Several factors influence the tax bill, including property size, location, and any improvements made to the property. Homeowners in South Dayton experience varying tax bills. For instance, the 25th percentile tax bill is approximately $1,746, while the 75th percentile reaches around $4,284, and the 90th percentile can go up to $5,624. The median home price in the area is $110,392. Compared to the national median property tax rate of 0.99%, South Dayton's tax rates can significantly impact homeowners, potentially leading to higher annual expenses. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average South Dayton Tax Bill
$2,884
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 South Dayton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14138 | $816 | $1,746 | $2,884 | $4,284 | $5,624 |
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 |