Basom, Genesee County, New York Property Taxes

Name: Property Tax Bills Across Basom, Genesee County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Basom, NY effective property tax rate: 3.27%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Basom, NY home value: $133,720
Median annual Basom, NY tax bill: $4,158, $1,758 higher than the national median property tax bill of $2,400.

How are property taxes in Genesee calculated?

Property taxes in Basom, 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 Basom’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Basom, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Basom, Genesee County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.27%

Estimate Property Tax Bill

$4,373

$4,058

Ownwell’s Basom Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Basom with just two data points. By entering your property's estimated assessed value, our calculator applies Basom’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Genesee County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Basom, Genesee County, New York

Local government entities are responsible for setting tax rates, leading to significant variations within a state. This is because each county annually estimates its budgetary needs for public services and divides this by the total value of all taxable property in its area, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is the basic annual process.

In Genesee County, the city of Basom has a notably high effective property tax rate of 3.27%, which is significantly above both the New York state median and the national median property tax rate of 1.02%. This means that homeowners in Basom are likely to have higher tax bills compared to other areas. For instance, the national median property tax bill is $2400, whereas Basom's rate would yield a much higher bill for properties of equivalent assessed value. Understanding these differences can be crucial for property owners and potential buyers when evaluating the financial implications of owning property in different regions.

Property Tax Rates Across Basom, Genesee County, New York

Source: Ownwell

2.17%

3.11%

4.05%

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 Basom Tax Rate

3.27%

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 Basom, Genesee County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14013	2.72%	3.17%	3.27%	3.39%	3.60%

Source: Ownwell

Property Tax Assessment Values Across Basom, Genesee County, New York

When examining property taxes in Basom, 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 May. 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 Basom. For example, the median home price in Basom is $133,720, with tax bills ranging significantly across the county. Zip code 14013 has the highest median home price at $133,720.

Property Tax Assessment Values Across Basom, Genesee County, New York

Source: Ownwell

$67,800

$163,085

$258,370

Median Basom Market Value

$133,720

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 Basom, Genesee County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14013	$60,976	$97,348	$133,720	$174,390	$269,061

Source: Ownwell

Property Tax Bills Across Basom, Genesee County, New York

In Basom, Genesee County, NY, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $133,720, and the property tax rate is significantly higher than the national median of 1.02%. Homeowners in Basom face a median tax bill of $4,158, which is considerably above the national median bill of $2,400. Factors like local government budgets and school funding needs heavily influence the tax rate, impacting the overall tax bill. For homeowners, this means a substantial portion of their budget goes towards property taxes, potentially affecting their financial planning and homeownership costs. Ownwell offers a solution by assisting homeowners in appealing their property tax assessments and identifying potential exemptions. By leveraging expert knowledge and data-driven insights, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay no more than necessary. This service can result in significant savings, easing the financial burden on Basom homeowners.

Property Tax Bills Across Basom, Genesee County, New York

Source: Ownwell

$2,765

$4,312

$5,859

Median Basom Tax Bill

$4,158

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 Basom, Genesee County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14013	$2,084	$3,268	$4,158	$5,459	$7,253

Source: Ownwell