Cairo, New York Property Taxes
The median property tax rate in Cairo, 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 Cairo, the typical annual property tax bill reaches $3,727, exceeding the national median of $2,690. Property taxes in Cairo 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 Cairo'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 Cairo 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
Cairo, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$3,691
$3,650
Ownwell’s Cairo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cairo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cairo 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 Cairo, New York
Property taxes in Cairo, 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 Cairo 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 Cairo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cairo 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 Cairo's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12413 has both the highest and lowest median property tax rate of 2.05%. Understanding how these cities compare with Cairo 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 Cairo 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 Cairo, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12413 | 2.02% | 2.05% | 2.05% | 2.10% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Cairo, New York
In Cairo, 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 Cairo, 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 Cairo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12413 has both the highest and lowest median tax bill of $3,727.
Average Cairo Assessed Value
$180,059
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 Cairo, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12413 | $83,791 | $127,849 | $180,059 | $252,272 | $332,701 |
Source: Ownwell
Property Tax Bills Across Cairo, New York
In Cairo, Greene County, NY, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $180,059, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, improvements, and market trends influence the assessed value. In Cairo, tax bills range significantly; the 25th percentile tax bill is $2,617, while the 75th percentile reaches $5,172, and the 90th percentile can be as high as $6,801. This variation highlights the impact of property characteristics and assessment practices on tax liabilities. For homeowners, understanding these factors is crucial, as property taxes form a significant part of annual expenses. Compared to the national median property tax rate of 0.99%, Cairo's property tax rates can be relatively high, emphasizing the importance of accurate assessments and potential appeals to manage financial obligations effectively.
Average Cairo Tax Bill
$3,727
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 Cairo, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12413 | $1,682 | $2,617 | $3,727 | $5,172 | $6,801 |
Source: Ownwell