Caledonia, New York Property Taxes
The median property tax rate in Caledonia, NY is 2.79%, considerably higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Caledonia at $217,700, the typical annual property tax bill reaches $6,295, far exceeding the national median of $2,690. Property taxes in Caledonia 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 Caledonia'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 Caledonia 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
Caledonia, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$6,074
$5,636
Ownwell’s Caledonia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Caledonia with just two simple inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Caledonia to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities, offering clarity and peace of mind. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down. Your property’s assessed value, determined by Monroe County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Caledonia, New York
Property taxes in Caledonia, 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 Caledonia is 2.79%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Caledonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Caledonia 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 Caledonia's effective property tax rate to other counties in New York and the national median. For comparison, the highest and lowest median property tax rates in Monroe County are both 2.79%, found in the zip code 14423. Understanding how these cities compare with Caledonia provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Caledonia Tax Rate
2.79%
Average Monroe County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Caledonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14423 | 2.42% | 2.71% | 2.79% | 2.89% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across Caledonia, New York
In Caledonia, 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 Monroe County 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 Caledonia, 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 Caledonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $6,295 in the zip code 14423.
Average Caledonia Assessed Value
$217,700
Average Monroe County Assessed Value
$167,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Caledonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14423 | $128,160 | $151,100 | $217,700 | $240,350 | $333,700 |
Source: Ownwell
Property Tax Bills Across Caledonia, New York
In Caledonia, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Caledonia is $217,700. Homeowners in this area can expect their annual tax bills to vary significantly depending on the assessed value of their property. For instance, tax bills at the 25th percentile are around $4,255, while those at the 75th percentile reach approximately $7,137, and at the 90th percentile, they can go up to $8,506. These tax bills are influenced by various factors, including the property’s assessed value, local tax rates, and applicable exemptions. Compared to the national median property tax rate of 0.99%, the rates in Caledonia can result in relatively high tax bills, impacting homeowners' annual expenses. This variability underscores the importance of understanding local tax assessments and seeking potential exemptions to manage costs effectively.
Average Caledonia Tax Bill
$6,295
Average Monroe County Tax Bill
$5,200
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Caledonia, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14423 | $3,513 | $4,255 | $6,295 | $7,137 | $8,506 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Monroe Assessment Review Commission | |
| Website | app.regrid.com |