Pavilion, New York Property Taxes
The median property tax rate in Pavilion, NY is 2.80%, 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 Pavilion at $141,566, the typical annual property tax bill reaches $4,208, exceeding the national median of $2,690. Property taxes in Pavilion 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 Pavilion'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 Pavilion 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
Pavilion, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$3,964
$3,678
Ownwell’s Pavilion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pavilion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pavilion 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 Pavilion, New York
Property taxes in Pavilion, 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 Pavilion is 2.80%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pavilion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pavilion 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 Pavilion's effective property tax rate to other counties in New York and the national median. For comparison, the 14525 zip code has the highest median property tax rate of 2.80%, while the same zip code also has the lowest median tax rate of 2.80%. Understanding how these cities compare with Pavilion provides valuable insights into the varying tax landscape across Genesee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pavilion Tax Rate
2.80%
Average Genesee County Tax Rate
3.18%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pavilion, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14525 | 2.54% | 2.80% | 2.80% | 2.99% | 3.28% |
Source: Ownwell
Property Tax Assessment Values Across Pavilion, New York
In Pavilion, 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 Genesee 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 Pavilion, 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 Pavilion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Pavilion both stand at $4,208 in zip code 14525.
Average Pavilion Assessed Value
$141,566
Average Genesee County Assessed Value
$137,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pavilion, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14525 | $62,340 | $105,800 | $141,566 | $190,700 | $250,000 |
Source: Ownwell
Property Tax Bills Across Pavilion, New York
In Pavilion, 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 who evaluate the property's market value and apply an assessment ratio to establish the taxable value. Homeowners in Pavilion see a range of tax bills, with the 25th percentile paying around $3,029 and the 75th percentile facing bills up to $5,427. At the 90th percentile, tax bills can reach as high as $6,955. This variation is influenced by factors such as property size, location, and improvements. The median home price in Pavilion stands at $141,566, which impacts the overall tax burden for homeowners. Compared to the national median property tax rate of 0.99%, Pavilion's property tax rate reflects the locality's specific fiscal needs and public service funding requirements. For homeowners, this means that their property tax bills can significantly affect their annual budgeting and long-term financial planning. Understanding these factors is crucial for managing property-related expenses effectively.
Average Pavilion Tax Bill
$4,208
Average Genesee County Tax Bill
$4,359
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Pavilion, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14525 | $1,756 | $3,029 | $4,208 | $5,427 | $6,955 |
Source: Ownwell