Antwerp, New York Property Taxes
The median property tax rate in Antwerp, NY is 1.60%, 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 Antwerp at $118,706, the typical annual property tax bill reaches $2,179, which is below the national median of $2,690. Property taxes in Antwerp 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 Antwerp'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 Antwerp 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
Antwerp, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,899
$1,878
Ownwell’s Antwerp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Antwerp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Antwerp 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 Antwerp, New York
Property taxes in Antwerp, New York, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Antwerp is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Antwerp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Antwerp 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 Antwerp's effective property tax rate to other areas in Jefferson County and the national median. For comparison, the zip code 13608 in Jefferson County has a median property tax rate of 1.60%, which is the same as Antwerp's rate. Understanding how these areas compare with Antwerp provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Antwerp Tax Rate
1.60%
Average Jefferson County Tax Rate
1.81%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Antwerp, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13608 | 1.55% | 1.60% | 1.60% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Antwerp, New York
In Antwerp, 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 Jefferson 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 Antwerp, 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. The median home price in Antwerp is $118,706, and tax bills can vary significantly. For example, the 25th percentile tax bill is $1,549, while the 75th percentile tax bill is $2,903. The highest median tax bill in the area is $2,179, found in the 13608 zip code, which also has the lowest median tax bill. By understanding 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 Antwerp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Antwerp Assessed Value
$118,706
Average Jefferson County Assessed Value
$134,468
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Antwerp, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13608 | $49,200 | $84,059 | $118,706 | $161,176 | $214,729 |
Source: Ownwell
Property Tax Bills Across Antwerp, New York
In Antwerp, Jefferson County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Various factors influence the final tax bill, including property improvements, neighborhood developments, and changes in market conditions. For homeowners in Antwerp, the median home price is $118,706. The property tax bill can vary significantly, with the 25th percentile at $1,549 and the 75th percentile reaching $2,903. At the 90th percentile, property tax bills can be as high as $3,639. These figures indicate that while some homeowners may have relatively lower tax bills, others could face higher costs, affecting their overall financial planning and cost of living. Compared to the national median property tax rate of 0.99%, the property tax rates in Antwerp can represent a significant expense for homeowners.
Average Antwerp Tax Bill
$2,179
Average Jefferson County Tax Bill
$2,407
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Antwerp, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13608 | $860 | $1,549 | $2,179 | $2,903 | $3,639 |
Source: Ownwell