Gabriels, New York Property Taxes
The median property tax rate in Gabriels, NY is 1.52%, which is considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Gabriels, the typical annual property tax bill reaches $2,788, slightly above the national median of $2,690. Property taxes in Gabriels 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 Gabriels' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Gabriels or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gabriels, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$2,784
$2,752
Ownwell’s Gabriels Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gabriels with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gabriels 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 Gabriels, New York
Property taxes in Gabriels, New York, play a crucial role in funding essential local services including public schools, road maintenance, and emergency services. The median tax rate in Gabriels is 1.52%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Gabriels set these rates annually, and they can vary across different neighborhoods. Each year, Gabriels 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 Gabriels' effective property tax rate to other areas in Franklin County and the national median. For comparison, the zip code 12939 has the highest median property tax rate of 1.52%, while the same zip code also has the lowest median tax rate of 1.52%. Understanding how these cities compare with Gabriels provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gabriels Tax Rate
1.52%
Average Franklin County Tax Rate
2.45%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gabriels, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12939 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Gabriels, New York
In Gabriels, 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 Franklin 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 Gabriels, 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 Gabriels helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 12939 in Gabriels has the highest and lowest median tax bill at $2,788. The median home price in Gabriels is $183,130, with tax bills ranging from $1,923 at the 25th percentile to $5,002 at the 90th percentile.
Average Gabriels Assessed Value
$183,130
Average Franklin County Assessed Value
$100,730
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gabriels, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12939 | $101,267 | $126,298 | $183,130 | $231,527 | $330,153 |
Source: Ownwell
Property Tax Bills Across Gabriels, New York
In Gabriels, located in Franklin County, NY, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Gabriels, the median home price is $183,130. Property tax bills in this area can vary significantly. At the 25th percentile, homeowners might pay around $1,923 annually, while at the 75th percentile, the tax bill can rise to approximately $3,524. The top 10% of property tax bills reach up to $5,002. Comparatively, the national median property tax rate is 0.99%, making Gabriels' rates relatively high for some homeowners. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Gabriels Tax Bill
$2,788
Average Franklin County Tax Bill
$2,460
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Gabriels, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12939 | $1,542 | $1,923 | $2,788 | $3,524 | $5,002 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Franklin Assessment Review Commission | |
| Website | maps.dancgis.org |