Naples, New York Property Taxes
The median property tax rate in Naples, NY is 2.96%, 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 Naples at $91,300, the typical annual property tax bill reaches $2,550, slightly below the national median of $2,690. Property taxes in Naples 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 Naples' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Naples 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
Naples, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.96%
Estimate Property Tax Bill
$2,702
$2,672
Ownwell’s Naples Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Naples with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naples 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 Naples, New York
Property taxes in Naples, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naples is 2.96%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Naples set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naples 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 Naples' effective property tax rate to other counties in New York and the national median. For comparison, the 14512 zip code has the highest median property tax rate of 2.96%, while the same zip code also has the lowest median tax rate of 2.96%. Understanding how these cities compare with Naples 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 Naples Tax Rate
2.96%
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | 2.84% | 2.96% | 2.96% | 2.96% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Naples, New York
In Naples, 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 Naples, 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 Naples helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Naples is $2,550 in zip code 14512, while the lowest median tax bill is also $2,550 in the same zip code.
Average Naples Assessed Value
$91,300
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | $22,240 | $68,750 | $91,300 | $140,450 | $203,720 |
Source: Ownwell
Property Tax Bills Across Naples, New York
In Naples, located in Livingston County, NY, property tax bills are calculated based on the assessed value of a home. The median home price in Naples is $91,300, and the property tax rate is applied to this assessed value to determine the tax bill. The tax rate in Livingston County is significantly higher than the national median property tax rate of 0.99%, impacting homeowners substantially. For instance, homeowners in the 25th percentile can expect a tax bill around $2,034, while those in the 75th percentile face a tax bill of approximately $4,155. At the 90th percentile, tax bills can soar to about $6,026. These figures illustrate the variability in tax burdens depending on property values and specific assessments. Factors such as property improvements, market conditions, and local government budgets play a crucial role in determining the assessed value and, consequently, the tax bill. High property taxes can affect homeowners by increasing their annual expenses, potentially influencing their decisions on property investments and homeownership in Naples.
Average Naples Tax Bill
$2,550
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | $658 | $2,034 | $2,550 | $4,155 | $6,026 |
Source: Ownwell