Smithville Flats, Chenango County, New York Property Taxes

Name: Property Tax Bills Across Smithville Flats, Chenango County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Smithville Flats, NY effective property tax rate: 3.12%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Smithville Flats, NY home value: $82,407. Median annual Smithville Flats, NY tax bill: $2,515, $115 higher than the national median property tax bill of $2,400.

How are property taxes in Chenango calculated?

Property taxes in Smithville Flats, 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 Smithville Flats’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smithville Flats, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Smithville Flats, Chenango County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.12%

Estimate Property Tax Bill

$2,571

$2,386

Ownwell’s Smithville Flats Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithville Flats with just two data points. By entering your property's estimated assessed value, our calculator applies Smithville Flats’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chenango County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Smithville Flats, Chenango County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Smithville Flats’ effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Smithville Flats in Chenango County has a median property tax rate of 3.12%, significantly higher than the national median of 1.02%. This rate is also the highest and lowest within its zip code, 13841, indicating consistent tax assessment across the area. New York's tax rates often reflect the state's commitment to funding public services, which can lead to higher property tax bills compared to the national median. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Smithville Flats, Chenango County, New York

Source: Ownwell

2.68%

3.07%

3.45%

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 Smithville Flats Tax Rate

3.12%

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 Smithville Flats, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13841	2.98%	3.12%	3.12%	3.12%	3.12%

Source: Ownwell

Property Tax Assessment Values Across Smithville Flats, Chenango County, New York

When examining property taxes in Smithville Flats, 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 Assessment Office 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 May. 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 Smithville Flats. For example, the median home price in Smithville Flats is $82,407, with tax bills ranging significantly across the county. Zip code 13841 has the highest median home price at $82,407.

Property Tax Assessment Values Across Smithville Flats, Chenango County, New York

Source: Ownwell

$56,790

$92,270

$127,750

Median Smithville Flats Market Value

$82,407

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 Smithville Flats, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13841	$29,647	$55,209	$82,407	$111,122	$153,704

Source: Ownwell

Property Tax Bills Across Smithville Flats, Chenango County, New York

In Smithville Flats, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. In Smithville Flats, homeowners face a median property tax bill of $2,515, which is slightly above the national median of $2,400. This amount can vary significantly, with some paying as little as $1,718 or as much as $4,826, depending on the home's assessed value and location within Chenango County. Property taxes can be a significant financial burden, impacting monthly budgets and long-term financial planning for homeowners. Ownwell offers expert property tax appeal and exemption services to help homeowners reduce their tax bills. By analyzing local tax assessments and identifying potential discrepancies, Ownwell can assist homeowners in filing successful appeals, ensuring they pay only their fair share. This can lead to substantial savings and alleviate financial stress associated with high property taxes.

Property Tax Bills Across Smithville Flats, Chenango County, New York

Source: Ownwell

$1,671

$2,788

$3,904

Median Smithville Flats Tax Bill

$2,515

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 Smithville Flats, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13841	$913	$1,718	$2,515	$3,443	$4,826

Source: Ownwell