Nineveh, New York Property Taxes
The median property tax rate in Nineveh, NY, is 3.12%, 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 Nineveh at $82,759, the typical annual property tax bill reaches $2,578, which is just below the national median of $2,690. Property taxes in Nineveh are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nineveh'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 Nineveh or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nineveh, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.12%
Estimate Property Tax Bill
$2,582
$2,396
Ownwell’s NINEVEH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NINEVEH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NINEVEH 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 Nineveh, New York
Property taxes in Nineveh, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nineveh is 3.12%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Nineveh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nineveh 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 Nineveh's effective property tax rate to other counties in New York and the national median. For comparison, the highest median property tax rate in the region is also 3.12%, while the lowest median tax rate is 3.12%. Understanding how these cities compare with Nineveh 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 Nineveh Tax Rate
3.12%
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 Nineveh, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13813 | 3.02% | 3.12% | 3.12% | 3.12% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Nineveh, New York
In Nineveh, 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 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. 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 Nineveh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Nineveh is $2,578 in the 13813 zip code, while the lowest median tax bill is also $2,578 in the same zip code.
Average Nineveh Assessed Value
$82,759
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 Nineveh, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13813 | $18,207 | $61,983 | $82,759 | $118,146 | $157,724 |
Source: Ownwell
Property Tax Bills Across Nineveh, New York
In Nineveh, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the home. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For Nineveh, located in Chenango County, the median home price is $82,759. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,854 and the 75th percentile tax bill reaching $3,719. At the 90th percentile, tax bills can go up to $4,851. This variation in tax bills can have a considerable impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, the tax rates in Nineveh can lead to higher annual tax obligations for property owners, making it essential for them to understand how these taxes are calculated and budget accordingly.
Average Nineveh Tax Bill
$2,578
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 Nineveh, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13813 | $568 | $1,854 | $2,578 | $3,719 | $4,851 |
Source: Ownwell