Acra, New York Property Taxes
The median property tax rate in Acra, NY is 2.05%, 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 Acra at $207,564, the typical annual property tax bill reaches $4,256, exceeding the national median of $2,690. Property taxes in Acra 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 Acra'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 Acra 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
Acra, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$4,255
$3,949
Ownwell’s Acra Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Acra with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Acra to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Acra, New York
Property taxes in Acra, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Acra is 2.05%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Acra set these rates annually, and they can vary significantly across different neighborhoods. Each year, Acra 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 Acra's effective property tax rate to other counties in New York and the national median. For comparison, the 12405 zip code has the highest median property tax rate of 2.05%, while the same zip code also has the lowest median tax rate of 2.05%. Understanding how these cities compare with Acra provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acra Tax Rate
2.05%
Average Greene County Tax Rate
2.04%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acra, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12405 | 1.96% | 2.05% | 2.05% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Acra, New York
In Acra, 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 Greene 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 Acra, 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 Acra helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 12405, with a median tax bill of $4,256.
Average Acra Assessed Value
$207,564
Average Greene County Assessed Value
$210,370
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acra, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12405 | $117,248 | $156,900 | $207,564 | $287,770 | $378,880 |
Source: Ownwell
Property Tax Bills Across Acra, New York
In Acra, Greene 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 is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including changes in the market value of homes and any exemptions for which the homeowner may qualify. For instance, the median home price in Acra is $207,564. Homeowners in the 25th percentile can expect to pay around $3,316 annually, while those in the 75th percentile might pay approximately $5,879. At the 90th percentile, the tax bill can reach up to $7,888. These property taxes significantly impact homeowners' finances, affecting their monthly budget and long-term financial planning. Compared to the national median property tax rate of 0.99%, Acra's property taxes can be relatively high, emphasizing the importance of understanding local tax obligations.
Average Acra Tax Bill
$4,256
Average Greene County Tax Bill
$4,183
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Acra, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12405 | $2,421 | $3,316 | $4,256 | $5,879 | $7,888 |
Source: Ownwell