Honeoye Falls, Livingston County, New York Property Taxes
The median property tax rate in Honeoye Falls, NY is 3.11%, 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 Honeoye Falls at $256,900, the typical annual property tax bill reaches $7,880, far exceeding the national median of $2,690. Property taxes in Honeoye Falls 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 Honeoye Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Honeoye Falls 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
Honeoye Falls, Livingston County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.11%
Estimate Property Tax Bill
$7,990
$7,414
Ownwell’s Honeoye Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Honeoye Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Honeoye Falls 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 Honeoye Falls, Livingston County, New York
Property taxes in Honeoye Falls, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Honeoye Falls is 3.11%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Honeoye Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Honeoye Falls 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 Honeoye Falls' effective property tax rate to other counties in New York and the national median. For comparison, the 14472 zip code has the highest median property tax rate of 3.11%, while the same zip code also has the lowest median tax rate of 3.11%. Understanding how these cities compare with Honeoye Falls 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 Honeoye Falls Tax Rate
3.11%
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 Honeoye Falls, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14472 | 2.92% | 3.05% | 3.11% | 3.11% | 3.13% |
Source: Ownwell
Property Tax Assessment Values Across Honeoye Falls, Livingston County, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Honeoye Falls, NY. 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 Honeoye Falls, 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 Honeoye Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14472 has both the highest and lowest median tax bill at $7,880.
Property Tax Assessment Values Across Honeoye Falls, Livingston County, New York
Source: Ownwell
$89,450
$173,175
$256,900
Average Honeoye Falls Assessed Value
$256,900
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 Honeoye Falls, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14472 | $160,550 | $196,350 | $256,900 | $347,950 | $490,080 |
Source: Ownwell
Property Tax Bills Across Honeoye Falls, Livingston County, New York
In Honeoye Falls, located in Livingston County, NY, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by local assessors and aims to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. The median home price in Honeoye Falls is $256,900, and homeowners can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $5,984, while at the 75th percentile, it rises to approximately $10,404. The 90th percentile tax bill can reach up to $14,300. These property taxes significantly impact homeowners, as they can represent a substantial portion of annual expenses. Understanding how these taxes are calculated helps homeowners budget more effectively and potentially seek tax appeal services if they believe their assessment is too high.
Property Tax Bills Across Honeoye Falls, Livingston County, New York
Source: Ownwell
$2,550
$5,215
$7,880
Average Honeoye Falls Tax Bill
$7,880
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 Honeoye Falls, Livingston County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14472 | $4,882 | $5,984 | $7,880 | $10,404 | $14,300 |
Source: Ownwell