Redford, New York Property Taxes
The median property tax rate in Redford, NY is 2.78%, 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 Redford at $94,000, the typical annual property tax bill reaches $2,447, slightly below the national median of $2,690. Property taxes in Redford 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 Redford'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 Redford 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
Redford, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.78%
Estimate Property Tax Bill
$2,613
$2,425
Ownwell’s Redford Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Redford. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Redford to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making financial planning easier. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Clinton County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Redford, New York
Property taxes in Redford, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Redford is 2.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Redford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Redford 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. Understanding how Redford's effective property tax rate compares with other areas provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Redford Tax Rate
2.78%
Average Clinton County Tax Rate
2.57%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Redford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12978 | 2.44% | 2.72% | 2.78% | 2.78% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Redford, New York
In Redford, 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 local 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 Redford, 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 Redford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clinton County, the zip code 12978 has the highest and lowest median tax bill, both at $2,447. The national median property tax rate is 0.99%, providing a useful benchmark for comparison.
Average Redford Assessed Value
$94,000
Average Clinton County Assessed Value
$146,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Redford, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12978 | $37,800 | $55,500 | $94,000 | $127,500 | $166,200 |
Source: Ownwell
Property Tax Bills Across Redford, New York
In Redford, located in Clinton County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Redford is $94,000. Property taxes are then levied by multiplying the assessed value by the local tax rate. Various factors influence the final tax bill, including property location, home size, and any applicable exemptions. For example, the tax bill at the 25th percentile is $1,474, while at the 75th percentile, it reaches $3,143. The 90th percentile tax bill can be as high as $4,506. These property tax bills significantly impact homeowners, as they contribute to the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, the rates in Redford can lead to varying tax burdens, potentially influencing decisions to buy, sell, or invest in property within the area. For homeowners, understanding these factors is crucial for financial planning and property management.
Average Redford Tax Bill
$2,447
Average Clinton County Tax Bill
$3,822
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Redford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12978 | $982 | $1,474 | $2,447 | $3,143 | $4,506 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Clinton Assessment Review Commission | |
| Website | clinco.maps.arcgis.com |