Davenport, New York Property Taxes
The median property tax rate in Davenport, NY, is 2.07%, which is significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Davenport at $122,600, the typical annual property tax bill reaches $2,598, only slightly below the national median of $2,690. Property taxes in Davenport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Davenport'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 Davenport 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
Davenport, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$2,538
$2,355
Ownwell’s Davenport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davenport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davenport to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Davenport, New York
Property taxes in Davenport, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davenport is 2.07%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davenport 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 Davenport's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13750 has the highest median property tax rate of 2.07%, while the same zip code also has the lowest median tax rate of 2.07%. Understanding how these areas compare with Davenport 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 Davenport Tax Rate
2.07%
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 Davenport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13750 | 2.03% | 2.07% | 2.07% | 2.13% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Davenport, New York
In Davenport, 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 Delaware 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 Davenport, 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 Davenport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Davenport is $2,598 in the 13750 zip code, while the lowest median tax bill also stands at $2,598 in the same zip code. The median home price in the area is $122,600, with tax bills ranging from $1,645 at the 25th percentile to $5,056 at the 90th percentile.
Average Davenport Assessed Value
$122,600
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 Davenport, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13750 | $41,440 | $78,450 | $122,600 | $171,300 | $244,280 |
Source: Ownwell
Property Tax Bills Across Davenport, New York
In Davenport, Delaware County, NY, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. The median home price in Davenport is $122,600, and the property tax rate in this area results in various tax bills depending on the value of the property. For instance, homeowners in the 25th percentile can expect a tax bill around $1,645, while those in the 75th percentile might see bills as high as $3,584. At the 90th percentile, tax bills can reach up to $5,056. These figures illustrate the significant range in property tax obligations, which can impact homeowners' financial planning and overall cost of living. Compared to the national median property tax rate of 0.99%, Davenport's property taxes can be relatively high, reflecting the local government's revenue needs and the services provided to residents.
Average Davenport Tax Bill
$2,598
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 Davenport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13750 | $845 | $1,645 | $2,598 | $3,584 | $5,056 |
Source: Ownwell