Rodman, New York Property Taxes
The median property tax rate in Rodman, NY is 1.94%, 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 Rodman at $139,529, the typical annual property tax bill reaches $2,759, exceeding the national median of $2,690. Property taxes in Rodman 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 Rodman'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 Rodman 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
Rodman, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$2,707
$2,676
Ownwell’s Rodman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rodman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rodman to give you an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rodman, New York
Property taxes in Rodman, 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 Rodman is 1.94%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Rodman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rodman 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 Rodman's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13682 has both the highest and lowest median property tax rate of 1.94%. Understanding how these areas compare with Rodman 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 Rodman Tax Rate
1.94%
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 Rodman, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13682 | 1.90% | 1.94% | 1.94% | 1.94% | 2.14% |
Source: Ownwell
Property Tax Assessment Values Across Rodman, New York
In Rodman, 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 Rodman, 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. For instance, the median home price in Rodman is $139,529, with tax bills ranging from $1,743 at the 25th percentile to $5,012 at the 90th percentile. The zip code with the highest median tax bill is 13682, with a value of $2,759. 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 Rodman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rodman Assessed Value
$139,529
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 Rodman, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13682 | $38,000 | $89,176 | $139,529 | $204,706 | $259,294 |
Source: Ownwell
Property Tax Bills Across Rodman, New York
In Rodman, NY, property tax bills are determined by assessing the value of a home and applying the local tax rate to this assessed value. The median home price in Rodman is $139,529, which serves as a benchmark for calculating property taxes. Homeowners in Rodman can expect their tax bills to vary significantly, with the 25th percentile paying around $1,743 and the 75th percentile facing bills as high as $3,857. At the 90th percentile, tax bills can reach up to $5,012. Several factors influence these tax bills, including the assessed value of the property and any applicable exemptions or deductions. The local tax rate is applied to the assessed value to determine the final tax amount. For comparison, the national median property tax rate is 0.99%. This means that homeowners in Rodman may experience property tax bills higher or lower than the national average, impacting their overall financial planning and homeownership costs.
Average Rodman Tax Bill
$2,759
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 Rodman, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13682 | $747 | $1,743 | $2,759 | $3,857 | $5,012 |
Source: Ownwell