Taberg, New York Property Taxes
The median property tax rate in Taberg, NY is 2.92%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $53,200 in Taberg, the typical annual property tax bill reaches $1,389, surpassing the national median of $2,690. Property taxes in Taberg are calculated based on the assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Taberg'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 Taberg or another part of Lewis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Taberg, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.92%
Estimate Property Tax Bill
$1,553
$1,442
Ownwell’s Taberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taberg 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 Taberg, New York
Property taxes in Taberg, 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 Taberg is 2.92%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Taberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Taberg 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 Taberg's effective property tax rate to other counties in New York and the national median. For comparison, the 13471 zip code has the highest median property tax rate of 2.92%, while the same zip code has the lowest median tax rate of 2.92%. Understanding how these cities compare with Taberg provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Taberg Tax Rate
2.92%
Average Lewis County Tax Rate
2.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taberg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13471 | 2.71% | 2.92% | 2.92% | 2.93% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across Taberg, New York
In Taberg, 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 Lewis 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 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 Taberg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 13471 has both the highest and lowest median tax bill, standing at $1,389.
Average Taberg Assessed Value
$53,200
Average Lewis County Assessed Value
$102,300
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Taberg, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13471 | $8,290 | $19,550 | $53,200 | $93,075 | $151,530 |
Source: Ownwell
Property Tax Bills Across Taberg, New York
In Taberg, located in Lewis County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. Homeowners in Taberg see their properties assessed to determine their market value, which then serves as the basis for the tax bill. The local tax rate is applied to this assessed value to calculate the annual property tax owed. Several factors influence the final tax bill, including the property's assessed value, local tax rate, and any applicable exemptions or deductions. The median home price in Taberg is $53,200, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $553, while the 75th percentile reaches $2,620, and the 90th percentile can be as high as $4,253. These variations highlight the impact of property value and local tax policies on homeowners. Compared to the national median property tax rate of 0.99%, Taberg's property tax bills can represent a significant expense for homeowners, influencing their financial planning and overall cost of living.
Average Taberg Tax Bill
$1,389
Average Lewis County Tax Bill
$2,429
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Taberg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13471 | $242 | $553 | $1,389 | $2,620 | $4,253 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Lewis Assessment Review Commission | |
| Website | lewiscountyny.gov |