Conesus, Livingston County, New York Property Taxes
The median property tax rate in Conesus, NY is 3.02%, 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 Conesus at $174,200, the typical annual property tax bill reaches $5,043, exceeding the national median of $2,690. Property taxes in Conesus 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 Conesus'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 Conesus 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
Conesus, Livingston County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.02%
Estimate Property Tax Bill
$5,261
$4,882
Ownwell’s Conesus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conesus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conesus 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 Conesus, Livingston County, New York
Property taxes in Conesus, 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 Conesus is 3.02%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Conesus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conesus 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 Conesus's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14435 has both the highest and lowest median property tax rate of 3.02%. Understanding how these areas compare with Conesus provides valuable insights into the varying tax landscape across Livingston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conesus Tax Rate
3.02%
Average Livingston County Tax Rate
2.99%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conesus, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14435 | 2.52% | 2.78% | 3.02% | 3.04% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Conesus, Livingston County, New York
In Conesus, 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 Livingston County Assessment Office 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 Conesus, 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 Conesus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Conesus is $174,200, with tax bills ranging from $3,236 at the 25th percentile to $11,261 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 14435, with a value of $5,043.
Property Tax Assessment Values Across Conesus, Livingston County, New York
Source: Ownwell
$89,450
$173,175
$256,900
Average Conesus Assessed Value
$174,200
Average Livingston County Assessed Value
$161,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conesus, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14435 | $57,640 | $108,000 | $174,200 | $281,100 | $399,300 |
Source: Ownwell
Property Tax Bills Across Conesus, Livingston County, New York
In Conesus, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $174,200 in Conesus, homeowners can expect varying tax bills depending on their property's specific assessed value and the applicable tax rate. Several factors influence the assessed value, including the property's location, size, and condition. The tax bills in Conesus show significant variation, with the 25th percentile at $3,236 and the 75th percentile reaching $8,050. At the 90th percentile, homeowners may face tax bills as high as $11,261. These variations highlight how different properties can significantly impact the amount owed. Comparatively, the national median property tax rate is 0.99%, making Conesus's property tax rates relatively higher. This can be a substantial financial consideration for homeowners, affecting their overall cost of living and long-term investment in their property.
Average Conesus Tax Bill
$5,043
Average Livingston County Tax Bill
$4,819
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Conesus, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14435 | $1,753 | $3,236 | $5,043 | $8,050 | $11,261 |
Source: Ownwell