Mannsville, New York Property Taxes
The median property tax rate in Mannsville, NY is 2.04%, 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 Mannsville, the typical annual property tax bill reaches $2,627, which is just below the national median of $2,690. Property taxes in Mannsville 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 Mannsville'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 Mannsville 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
Mannsville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.04%
Estimate Property Tax Bill
$2,683
$2,490
Ownwell’s Mannsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mannsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mannsville 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 Mannsville, New York
Property taxes in Mannsville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mannsville is 2.04%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Mannsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannsville 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 Mannsville's effective property tax rate to other counties in New York and the national median. For comparison, the 13661 zip code has both the highest and lowest median property tax rate of 2.04%. Understanding how these cities compare with Mannsville 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 Mannsville Tax Rate
2.04%
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 Mannsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13661 | 1.80% | 1.80% | 2.04% | 2.24% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Mannsville, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mannsville, NY. 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. Assessment notices in Mannsville 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. In Mannsville, the median home price is $131,512, with property tax bills ranging from $1,738 at the 25th percentile to $5,265 at the 90th percentile. The zip code 13661 has the highest and lowest median tax bill at $2,627. 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 Mannsville Assessed Value
$131,512
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 Mannsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13661 | $49,814 | $88,430 | $131,512 | $190,756 | $270,907 |
Source: Ownwell
Property Tax Bills Across Mannsville, New York
In Mannsville, located in Jefferson County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Mannsville stands at $131,512. This value is then multiplied by the local tax rate to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. Homeowners in Mannsville face a range of property tax bills. At the 25th percentile, tax bills are around $1,738, while at the 75th percentile, they can reach up to $3,762. For those at the 90th percentile, tax bills can be as high as $5,265. The highest and lowest median tax bills in the area are both $2,627, found in the 13661 zip code. Comparatively, the national median property tax rate is 0.99%, highlighting how local factors can significantly impact the financial obligations of homeowners in Mannsville.
Average Mannsville Tax Bill
$2,627
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 Mannsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13661 | $989 | $1,738 | $2,627 | $3,762 | $5,265 |
Source: Ownwell