West Leyden, New York Property Taxes
The median property tax rate in West Leyden, NY is 2.92%, 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 West Leyden, the typical annual property tax bill reaches $2,701, slightly above the national median of $2,690. Property taxes in West Leyden 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 West Leyden'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 West Leyden 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
West Leyden, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.92%
Estimate Property Tax Bill
$2,841
$2,637
Ownwell’s WEST LEYDEN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST LEYDEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST LEYDEN 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 West Leyden, New York
Property taxes in West Leyden, New York, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in West Leyden 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 West Leyden set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Leyden 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 West Leyden's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13489 has the highest median property tax rate of 2.92%, while the same zip code also has the lowest median tax rate of 2.92%. Understanding how these areas compare with West Leyden 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 West Leyden 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 West Leyden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13489 | 2.34% | 2.92% | 2.92% | 2.93% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across West Leyden, New York
In West Leyden, 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. In West Leyden, 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 West Leyden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 13489 in West Leyden has both the highest and lowest median tax bill at $2,701.
Average West Leyden Assessed Value
$97,300
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 West Leyden, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13489 | $42,100 | $68,300 | $97,300 | $134,100 | $178,260 |
Source: Ownwell
Property Tax Bills Across West Leyden, New York
In West Leyden, located in Lewis County, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of a home. For instance, with a median home price of $97,300, the tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, improvements, and market conditions. Homeowners in West Leyden can expect tax bills to vary significantly. For example, the 25th percentile tax bill is $1,832, while the 75th percentile tax bill is $3,788. At the higher end, the 90th percentile tax bill reaches $4,941. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the rates in West Leyden reflect the local government's funding needs and priorities.
Average West Leyden Tax Bill
$2,701
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 West Leyden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13489 | $1,162 | $1,832 | $2,701 | $3,788 | $4,941 |
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 |