Groveland, Livingston County, New York Property Taxes
The median property tax rate in Groveland, NY is 2.46%, 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 Groveland at $161,050, the typical annual property tax bill reaches $3,917, exceeding the national median of $2,690. Property taxes in Groveland 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 Groveland'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 Groveland 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
Groveland, Livingston County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$3,962
$3,676
Ownwell’s Groveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Groveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Groveland 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 Groveland, Livingston County, New York
Property taxes in Groveland, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Groveland is 2.46%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Groveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Groveland 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 Groveland's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14462 has both the highest and lowest median property tax rate of 2.46%. Understanding how these areas compare with Groveland 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 Groveland Tax Rate
2.46%
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 Groveland, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14462 | 2.29% | 2.46% | 2.46% | 2.70% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Groveland, Livingston County, New York
In Groveland, 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 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 Groveland, 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. Groveland's median home price is $161,050, with the highest and lowest median tax bills in the 14462 zip code, both at $3,917. Being aware of these valuation processes in Groveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Groveland, Livingston County, New York
Source: Ownwell
$89,450
$173,175
$256,900
Average Groveland Assessed Value
$161,050
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 Groveland, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14462 | $61,890 | $104,850 | $161,050 | $224,950 | $313,180 |
Source: Ownwell
Property Tax Bills Across Groveland, Livingston County, New York
In Groveland, 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 the local assessor's office and is meant to reflect the market value of the home. Once the property's assessed value is established, it is multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or abatements. For instance, homeowners may qualify for exemptions that reduce their taxable value, thereby lowering their tax bills. In Groveland, the median home price is $161,050, and property tax bills can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $2,745, while those in the 75th percentile may face bills as high as $5,367. At the 90th percentile, tax bills can reach up to $6,998. These taxes can have a substantial impact on homeowners, influencing both monthly budgets and long-term financial planning.
Average Groveland Tax Bill
$3,917
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 Groveland, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14462 | $1,667 | $2,745 | $3,917 | $5,367 | $6,998 |
Source: Ownwell