West Davenport, New York Property Taxes
The median property tax rate in West Davenport, NY is 2.10%, 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 West Davenport at $127,250, the typical annual property tax bill reaches $2,669, aligning closely with the national median of $2,690. Property taxes in West Davenport 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 West 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 West Davenport or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
West Davenport, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.1%
Estimate Property Tax Bill
$2,672
$2,480
Ownwell’s West Davenport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Davenport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West 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 West Davenport, New York
Property taxes in West Davenport, 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 West Davenport is 2.10%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within West Davenport set these rates annually, and they can vary significantly across different neighborhoods. Each year, West 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 West Davenport's effective property tax rate to other counties in New York and the national median. For comparison, the 13860 zip code has the highest median property tax rate of 2.10%, while the same 13860 zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with West 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 West Davenport Tax Rate
2.10%
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 West Davenport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13860 | 2.07% | 2.07% | 2.10% | 2.10% | 2.10% |
Source: Ownwell
Property Tax Assessment Values Across West Davenport, New York
In West Davenport, NY, 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 Assessment Office 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 West 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. For instance, the zip code 13860 has the highest and lowest median tax bill of $2,669. Being aware of these valuation processes in West Davenport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across West Davenport, New York
Source: Ownwell
$11,700
$136,500
$261,300
Average West Davenport Assessed Value
$127,250
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 West Davenport, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13860 | $53,320 | $110,650 | $127,250 | $151,450 | $190,160 |
Source: Ownwell
Property Tax Bills Across West Davenport, New York
In West Davenport, Delaware County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. Homeowners in West Davenport experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is approximately $2,321, while the 75th percentile tax bill reaches around $3,145, and the 90th percentile tax bill can be as high as $3,975. These tax bills are influenced by several factors, including property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, West Davenport's tax rates can seem relatively high, which can impact homeowners by increasing their annual financial obligations. Understanding these factors can help homeowners anticipate their tax liabilities and plan accordingly.
Average West Davenport Tax Bill
$2,669
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 West Davenport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13860 | $899 | $2,321 | $2,669 | $3,145 | $3,975 |
Source: Ownwell