Pitcher, New York Property Taxes
The median property tax rate in Pitcher, NY is 3.07%, 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 Pitcher at $72,597, the typical annual property tax bill reaches $2,158, slightly below the national median of $2,690. Property taxes in Pitcher 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 Pitcher'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 Pitcher 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
Pitcher, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.07%
Estimate Property Tax Bill
$2,229
$2,204
Ownwell’s Pitcher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pitcher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pitcher 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 Pitcher, New York
Property taxes in Pitcher, 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 Pitcher is 3.07%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pitcher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pitcher 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 Pitcher's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13136 has both the highest and lowest median property tax rate of 3.07%. Understanding how these areas compare with Pitcher 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 Pitcher Tax Rate
3.07%
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 Pitcher, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13136 | 2.95% | 3.07% | 3.07% | 3.13% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Pitcher, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pitcher, 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 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. In Pitcher, 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 Pitcher is $72,597, with tax bills ranging from $1,537 at the 25th percentile to $3,313 at the 75th percentile, and up to $4,790 at the 90th percentile. Notably, the zip code 13136 has both the highest and lowest median tax bill at $2,158. 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 in Pitcher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pitcher Assessed Value
$72,597
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 Pitcher, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13136 | $31,169 | $49,610 | $72,597 | $105,895 | $155,022 |
Source: Ownwell
Property Tax Bills Across Pitcher, New York
In Pitcher, located in Chenango County, NY, property tax bills are influenced by several key factors, including the assessed value of the property and the local tax rate. The median home price in Pitcher stands at $72,597. Homeowners can expect their property tax bills to vary significantly, with the 25th percentile paying around $1,537 and the 75th percentile facing bills up to $3,313. At the higher end, the 90th percentile of homeowners may see tax bills reaching $4,790. The property tax rate in Pitcher is calculated based on the assessed value of the property rather than its market value. This assessed value is then multiplied by the local tax rate to determine the final tax bill. For comparison, the national median property tax rate is 0.99%. In Pitcher, the highest and lowest median tax bills are both recorded at $2,158 in the zip code 13136, reflecting a consistent tax burden across the area. Homeowners should consider these factors as they directly impact the affordability and financial planning associated with owning property in this region.
Average Pitcher Tax Bill
$2,158
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 Pitcher, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13136 | $977 | $1,537 | $2,158 | $3,313 | $4,790 |
Source: Ownwell