Sherburne, Chenango County, New York Property Taxes
Median Sherburne, NY effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Sherburne, NY home value: $108,333
Median annual Sherburne, NY tax bill: $3,143, $743 higher than the national median property tax bill of $2,400.
How are property taxes in Chenango calculated?
Property taxes in Sherburne, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Sherburne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sherburne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sherburne, Chenango County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.89%
Estimate Property Tax Bill
$3,131
$2,905
Property Tax Rates Across Sherburne, Chenango County, New York
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Sherburne in Chenango County, NY, has an effective property tax rate that stands out in comparison to other cities in New York and the U.S. With a median property tax rate of 2.89%, Sherburne's rate is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Sherburne may face higher property tax bills compared to the national average. This disparity underscores the importance of understanding local tax rates and how they can impact your financial planning. By staying informed about property tax trends, homeowners can better navigate their financial responsibilities and explore potential savings through property tax appeals or exemptions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Sherburne Tax Rate
2.89%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chenango County Tax Rate
3.08%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sherburne, Chenango County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13460 | 2.55% | 2.74% | 2.89% | 2.92% | 3.20% |
Source: Ownwell
Property Tax Assessment Values Across Sherburne, Chenango County, New York
When examining property taxes in Sherburne, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chenango County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Chenango County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sherburne.
For example, the median home price in Sherburne is $108,333, with tax bills ranging significantly across the county. Zip code 13460 has the highest median home price at $108,333.
Property Tax Assessment Values Across Sherburne, Chenango County, New York
Source: Ownwell
$56,790
$92,270
$127,750
Median Sherburne Market Value
$108,333
Median Chenango County Market Value
$92,500
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sherburne, Chenango County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13460 | $41,667 | $72,500 | $108,333 | $150,000 | $216,667 |
Source: Ownwell
Property Tax Bills Across Sherburne, Chenango County, New York
In Sherburne, located in Chenango County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $108,333, homeowners face a property tax bill that typically ranges from $2,073 at the 25th percentile to $4,408 at the 75th percentile. The highest median tax bill in the area is $3,143, which is notably higher than the national median property tax bill of $2,400. This discrepancy highlights the financial burden on homeowners in Sherburne, where tax rates exceed the national median rate of 1.02%.
Various factors influence the property tax bill, including changes in local government budgets and shifts in property values. These taxes can significantly impact homeowners' finances, making it essential to seek potential savings. Ownwell offers services to help homeowners reduce their property tax bills by identifying discrepancies in assessments and filing appeals on their behalf. By leveraging expert knowledge, Ownwell ensures that homeowners in Sherburne pay only their fair share, potentially saving them a significant amount on their annual tax obligations.
Median Sherburne Tax Bill
$3,143
Median Chenango County Tax Bill
$2,965
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Sherburne, Chenango County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13460 | $1,180 | $2,073 | $3,143 | $4,408 | $6,186 |
Source: Ownwell