South Plymouth, New York Property Taxes
The median property tax rate in South Plymouth, NY is 2.81%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $82,251 in South Plymouth, the typical annual property tax bill reaches $2,252, which is below the national median of $2,690. Property taxes in South Plymouth 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 South Plymouth'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 South Plymouth 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
South Plymouth, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$2,311
$2,145
Ownwell’s South Plymouth Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Plymouth with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in South Plymouth to project your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across South Plymouth, New York
Property taxes in South Plymouth, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Plymouth is 2.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Plymouth set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Plymouth 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 South Plymouth's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13844 has both the highest and lowest median property tax rate of 2.81%. Understanding how these areas compare with South Plymouth 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 South Plymouth Tax Rate
2.81%
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 South Plymouth, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13844 | 2.30% | 2.68% | 2.81% | 3.52% | 3.52% |
Source: Ownwell
Property Tax Assessment Values Across South Plymouth, New York
In South Plymouth, 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. In South Plymouth, 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 South Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,252 in zip code 13844, whereas the lowest median tax bill is also $2,252 in the same zip code.
Average South Plymouth Assessed Value
$82,251
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 South Plymouth, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13844 | $24,194 | $39,870 | $82,251 | $125,510 | $190,498 |
Source: Ownwell
Property Tax Bills Across South Plymouth, New York
In South Plymouth, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence this assessed value, including the home's market value, location, and any improvements or renovations made to the property. Homeowners in South Plymouth can expect varying tax bills. For instance, the median home price in the area is $82,251. Tax bills can range significantly, with the 25th percentile at $1,142 and the 75th percentile at $3,835, while the 90th percentile can go up to $5,771. This variation means that homeowners with higher-valued properties or those in specific areas may face higher tax bills. Compared to the national median property tax rate of 0.99%, South Plymouth's tax bills reflect the local economic conditions and property values, impacting homeowners' financial planning and budgeting.
Average South Plymouth Tax Bill
$2,252
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 South Plymouth, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13844 | $583 | $1,142 | $2,252 | $3,835 | $5,771 |
Source: Ownwell