East Rochester, New York Property Taxes
The median property tax rate in East Rochester, NY is 4.07%, 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 East Rochester at $119,900, the typical annual property tax bill reaches $4,799, far exceeding the national median of $2,690. Property taxes in East Rochester are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding East Rochester'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 East Rochester or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
East Rochester, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.07%
Estimate Property Tax Bill
$4,880
$4,528
Ownwell’s East Rochester Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in East Rochester, Monroe County, NY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Rochester to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across East Rochester, New York
Property taxes in East Rochester, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Rochester is 4.07%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within East Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Rochester 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 East Rochester's effective property tax rate to other areas in Monroe County and the national median. For comparison, the 14445 zip code has the highest median property tax rate of 4.07%, while the same zip code also has the lowest median tax rate of 4.07%. Understanding how these cities compare with East Rochester 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 East Rochester Tax Rate
4.07%
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 East Rochester, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14445 | 2.44% | 3.29% | 4.07% | 4.48% | 5.01% |
Source: Ownwell
Property Tax Assessment Values Across East Rochester, New York
In East Rochester, 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 Monroe 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 East Rochester, 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. The median home price in East Rochester is $119,900, with tax bills ranging from $3,501 at the 25th percentile to $7,786 at the 90th percentile. The highest and lowest median tax bills are both $4,799 in zip code 14445. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across East Rochester, New York
Source: Ownwell
$20,650
$305,651
$590,652
Average East Rochester Assessed Value
$119,900
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 East Rochester, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14445 | $69,580 | $101,700 | $119,900 | $147,450 | $213,740 |
Source: Ownwell
Property Tax Bills Across East Rochester, New York
In East Rochester, located in Monroe County, NY, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The assessed value is an estimate of the home's market value, which is periodically evaluated by local assessors. Homeowners in East Rochester face a median property tax bill of $4,799, significantly higher than the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the tax bill for the 25th percentile is $3,501, while the 75th percentile reaches $6,123, and the 90th percentile can be as high as $7,786. These figures illustrate the range of property taxes homeowners can expect to pay, influenced by the varying assessed values and specific circumstances of each property. High property taxes can impact homeowners by increasing the overall cost of homeownership, making it crucial to understand how these taxes are calculated and what options may be available for appeal or exemption.
Average East Rochester Tax Bill
$4,799
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 East Rochester, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14445 | $2,049 | $3,501 | $4,799 | $6,123 | $7,786 |
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 |