Bovina Center, New York Property Taxes
The median property tax rate in Bovina Center, NY is 2.18%, 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 Bovina Center at $231,300, the typical annual property tax bill reaches $5,003, exceeding the national median of $2,690. Property taxes in Bovina Center 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 Bovina Center'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 Bovina Center or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bovina Center, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$5,042
$4,985
Ownwell’s Bovina Center Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes with just two simple inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bovina Center to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, localized trends are available further down the page. Remember, your property’s assessed value is determined by Delaware County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Bovina Center, New York
Property taxes in Bovina Center, 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 Bovina Center is 2.18%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bovina Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bovina Center 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 Bovina Center's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13740 has the highest median property tax rate of 2.18%, while the same zip code also has the lowest median tax rate of 2.18%. Understanding how these areas compare with Bovina Center provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bovina Center Tax Rate
2.18%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bovina Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13740 | 1.61% | 2.17% | 2.18% | 2.43% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Bovina Center, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bovina Center, Delaware County, 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 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. Assessment notices in Bovina Center 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. For instance, in Bovina Center, the median home price is $231,300, with tax bills ranging from $3,273 at the 25th percentile to $9,382 at the 90th percentile. The highest and lowest median tax bill in the area is $5,003, both in zip code 13740. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bovina Center Assessed Value
$231,300
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bovina Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13740 | $73,300 | $145,100 | $231,300 | $331,500 | $463,160 |
Source: Ownwell
Property Tax Bills Across Bovina Center, New York
In Bovina Center, located in Delaware County, NY, property tax bills are determined by the assessed value of a home and the applicable tax rate. The assessed value is an estimation of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $231,300, homeowners can expect varying tax bills based on the assessed value. The tax bill for the 25th percentile is around $3,273, whereas those in the 75th percentile see bills closer to $7,093. At the 90th percentile, the tax bill can reach as high as $9,382. These figures indicate a significant range, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Bovina Center's rates can result in relatively high tax bills. This variability affects homeowners by impacting their annual financial planning and potentially their decisions on property investments or improvements.
Average Bovina Center Tax Bill
$5,003
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Bovina Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13740 | $1,613 | $3,273 | $5,003 | $7,093 | $9,382 |
Source: Ownwell