Livonia, New York Property Taxes
The median property tax rate in Livonia, NY is 2.92%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Livonia at $190,750, the typical annual property tax bill reaches $5,777, far exceeding the national median of $2,690. Property taxes in Livonia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Livonia'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 Livonia 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
Livonia, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.92%
Estimate Property Tax Bill
$5,570
$5,507
Ownwell’s Livonia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livonia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livonia 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 Livonia, New York
Property taxes in Livonia, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livonia 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 Livonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livonia 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 Livonia's effective property tax rate to other counties in New York and the national median. For comparison, the 14487 zip code 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 cities compare with Livonia 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 Livonia Tax Rate
2.92%
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 Livonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14487 | 2.80% | 2.85% | 2.92% | 2.92% | 3.47% |
Source: Ownwell
Property Tax Assessment Values Across Livonia, New York
In Livonia, 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 Livonia, 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 Livonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 14487, with a median tax bill of $5,777.
Average Livonia Assessed Value
$190,750
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 Livonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14487 | $95,500 | $140,525 | $190,750 | $281,350 | $402,750 |
Source: Ownwell
Property Tax Bills Across Livonia, New York
In Livonia, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Once the assessed value is established, local tax rates are applied to calculate the tax bill. These rates can vary depending on the specific needs and budgets of the local government, school districts, and other public services. Several factors influence the final tax bill, including property location, size, and any improvements or renovations made. Homeowners in Livonia experience a range of tax bills, with the 25th percentile paying around $4,210 and the 75th percentile facing bills up to $8,230. The highest median tax bill in the area is $5,777. Compared to the national median property tax rate of 0.99%, Livonia's rates can significantly impact homeowners' financial planning, making it crucial to understand how these taxes are calculated and managed.
Average Livonia Tax Bill
$5,777
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 Livonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14487 | $2,792 | $4,210 | $5,777 | $8,230 | $11,526 |
Source: Ownwell