De Ruyter, New York Property Taxes
The median property tax rate in De Ruyter, NY is 3.36%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in De Ruyter at $81,878, the typical annual property tax bill reaches $2,644, just below the national median of $2,690. Property taxes in De Ruyter are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding De Ruyter'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 De Ruyter 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
De Ruyter, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.36%
Estimate Property Tax Bill
$2,751
$2,553
Ownwell’s De Ruyter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Ruyter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Ruyter 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 De Ruyter, New York
Property taxes in De Ruyter, 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 De Ruyter is 3.36%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within De Ruyter set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Ruyter 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 De Ruyter's effective property tax rate to other counties in New York and the national median. For comparison, the 13052 zip code has both the highest and lowest median property tax rate of 3.36%. Understanding how these areas compare with De Ruyter provides valuable insights into the varying tax landscape across Chenango County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Ruyter Tax Rate
3.36%
Average Chenango County Tax Rate
3.08%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Ruyter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13052 | 3.14% | 3.30% | 3.36% | 3.36% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across De Ruyter, New York
In De Ruyter, 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 Chenango 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 De Ruyter, 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 De Ruyter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price in De Ruyter is $81,878, with tax bills ranging from $1,605 at the 25th percentile to $7,829 at the 90th percentile. The zip code 13052 has both the highest and lowest median tax bill at $2,644.
Average De Ruyter Assessed Value
$81,878
Average Chenango County Assessed Value
$92,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Ruyter, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13052 | $27,293 | $48,035 | $81,878 | $134,716 | $234,061 |
Source: Ownwell
Property Tax Bills Across De Ruyter, New York
In De Ruyter, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's market value, location, and any applicable exemptions play a crucial role in this calculation. Homeowners in De Ruyter, located in Chenango County, experience varying tax bills depending on these factors. For example, the median home price in De Ruyter is $81,878. Homeowners in the 25th percentile pay around $1,605 in property taxes annually, while those in the 75th percentile see bills closer to $4,237. At the higher end, in the 90th percentile, tax bills can reach up to $7,829. The highest and lowest median tax bills in the area both stand at $2,644, indicating some consistency in tax rates across different properties. Compared to the national median property tax rate of 0.99%, De Ruyter's property tax rates can significantly impact homeowners' annual expenses.
Average De Ruyter Tax Bill
$2,644
Average Chenango County Tax Bill
$2,965
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across De Ruyter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13052 | $909 | $1,605 | $2,644 | $4,237 | $7,829 |
Source: Ownwell