Great Bend, New York Property Taxes
The median property tax rate in Great Bend, NY is 2.12%, 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 Great Bend at $126,250, the typical annual property tax bill reaches $2,546, slightly below the national median of $2,690. Property taxes in Great Bend 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 Great Bend'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 Great Bend 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
Great Bend, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.12%
Estimate Property Tax Bill
$2,677
$2,484
Ownwell’s Great Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Great Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Great Bend 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 Great Bend, New York
Property taxes in Great Bend, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Great Bend is 2.12%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Great Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Great Bend 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 Great Bend's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13643 has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these cities compare with Great Bend 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 Great Bend Tax Rate
2.12%
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 Great Bend, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13643 | 1.88% | 1.98% | 2.12% | 2.19% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Great Bend, New York
In Great Bend, 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 Great Bend, 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 the area stands at $126,250, with tax bills ranging from $1,765 at the 25th percentile to $4,620 at the 90th percentile. The highest and lowest median tax bills are both $2,546, found in zip code 13643. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Great Bend Assessed Value
$126,250
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 Great Bend, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13643 | $48,070 | $78,250 | $126,250 | $222,425 | $241,280 |
Source: Ownwell
Property Tax Bills Across Great Bend, New York
In Great Bend, NY, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. The assessed value is a percentage of the market value of your property. This assessed value is then multiplied by the local tax rate to determine your annual property tax bill. For homeowners in Great Bend, the median home price stands at $126,250. Tax bills can vary significantly, with the 25th percentile paying around $1,765 and the 75th percentile facing bills as high as $4,251. At the 90th percentile, tax bills can reach up to $4,620. These rates are higher than the national median property tax rate of 0.99%, reflecting the specific economic and administrative conditions in Jefferson County. Understanding these factors can help homeowners in Great Bend better anticipate their annual property tax obligations and plan their finances accordingly.
Average Great Bend Tax Bill
$2,546
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 Great Bend, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13643 | $1,421 | $1,765 | $2,546 | $4,251 | $4,620 |
Source: Ownwell