Elmira Heights, New York Property Taxes
The median property tax rate in Elmira Heights, NY is 3.89%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $58,228 in Elmira Heights, the typical annual property tax bill reaches $2,313, which is below the national median of $2,690. Property taxes in Elmira Heights are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Elmira Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Elmira Heights or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elmira Heights, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.89%
Estimate Property Tax Bill
$2,265
$2,102
Ownwell’s Elmira Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elmira Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elmira Heights 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 Elmira Heights, New York
Property taxes in Elmira Heights, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elmira Heights is 3.89%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Elmira Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elmira Heights 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 Elmira Heights' effective property tax rate to other areas in New York and the national median. For comparison, the 14903 zip code has the highest median property tax rate of 3.89%, while the 14903 zip code also has the lowest median tax rate of 3.89%. Understanding how these areas compare with Elmira Heights provides valuable insights into the varying tax landscape across Chemung County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elmira Heights Tax Rate
3.89%
Average Chemung County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elmira Heights, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14903 | 3.21% | 3.83% | 3.89% | 3.89% | 3.89% |
Source: Ownwell
Property Tax Assessment Values Across Elmira Heights, New York
In Elmira Heights, 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 Chemung County Assessor 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 Elmira Heights, 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. For instance, the median home price in Elmira Heights is $58,228, with tax bills ranging from $2,214 at the 25th percentile to $5,537 at the 90th percentile. The zip code 14903 has both the highest and lowest median tax bill at $2,313. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Elmira Heights, New York
Source: Ownwell
$58,228
$115,514
$172,800
Average Elmira Heights Assessed Value
$58,228
Average Chemung County Assessed Value
$104,684
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elmira Heights, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14903 | $19,850 | $33,216 | $58,228 | $62,342 | $130,596 |
Source: Ownwell
Property Tax Bills Across Elmira Heights, New York
In Elmira Heights, Chemung County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, the median home price in Elmira Heights is $58,228. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in Elmira Heights can expect to pay a median tax bill of $2,313, with the 25th percentile at $2,214 and the 75th percentile at $2,460. The highest tax bills can reach up to $5,537, reflecting the variability in property values and assessments. Compared to the national median property tax rate of 0.99%, homeowners in Elmira Heights face relatively high property taxes. These taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the quality of life and property values in the community.
Average Elmira Heights Tax Bill
$2,313
Average Chemung County Tax Bill
$3,435
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Elmira Heights, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14903 | $1,127 | $2,214 | $2,313 | $2,460 | $5,537 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Chemung Assessment Review Commission | |
| Website | www.arcgis.com |