Akron, Genesee County, New York Property Taxes
Median Akron, NY effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Akron, NY home value: $209,060
Median annual Akron, NY tax bill: $4,478, $2,078 higher than the national median property tax bill of $2,400.
How are property taxes in Genesee calculated?
Property taxes in Akron, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Akron’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Akron, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Akron, Genesee County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.17%
Estimate Property Tax Bill
$4,537
$4,210
Property Tax Rates Across Akron, Genesee County, New York
Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable property in their area. This process determines the property tax rate. While the setting of tax rates and budgets involves votes and legislation, this is the core of the annual procedure.
In Akron, located in Genesee County, the effective property tax rate is a focal point for property owners. The city's rate is notably higher than the national median of 1.02%, underscoring the importance of understanding local tax obligations. When compared to other cities in New York, Akron's rate reflects the state's trend of higher property taxes, with New York's median tax rate also surpassing the national figure. For property owners in Akron, staying informed about these rates is crucial, as they directly impact annual tax bills, which can be significantly higher than the national median of $2,400. Understanding these dynamics can aid in making informed decisions about property investments and tax appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Akron Tax Rate
2.17%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Genesee County Tax Rate
3.18%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Akron, Genesee County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14001 | 1.55% | 1.96% | 2.17% | 2.25% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Akron, Genesee County, New York
When examining property taxes in Akron, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Genesee County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Genesee County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Akron.
For example, the median home price in Akron is $209,060, with tax bills ranging significantly across the county. Zip code 14001 has the highest median home price at $209,060.
Property Tax Assessment Values Across Akron, Genesee County, New York
Source: Ownwell
$67,800
$163,085
$258,370
Median Akron Market Value
$209,060
Median Genesee County Market Value
$137,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Akron, Genesee County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14001 | $113,419 | $155,315 | $209,060 | $248,487 | $298,187 |
Source: Ownwell
Property Tax Bills Across Akron, Genesee County, New York
In Akron, located in Genesee County, NY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects a percentage of the property's market value. Homeowners in Akron face a median property tax bill of $4,478, significantly higher than the national median of $2,400. Factors such as property location, improvements, and market trends influence the assessed value, which in turn affects the tax bill. With property tax rates in Akron being notably above the national median rate of 1.02%, homeowners may find their tax bills burdensome.
This is where Ownwell steps in to assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax liabilities. Our team reviews your property's assessment, identifies discrepancies, and files appeals on your behalf, aiming to secure a fairer tax bill. With Ownwell's support, Akron homeowners can navigate the complexities of property taxation and achieve potential savings.
Median Akron Tax Bill
$4,478
Median Genesee County Tax Bill
$4,359
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Akron, Genesee County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14001 | $1,892 | $3,066 | $4,478 | $5,469 | $6,830 |
Source: Ownwell