Henrietta, New York Property Taxes
The median property tax rate in Henrietta, NY is 2.76%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $185,000 in Henrietta, the typical annual property tax bill reaches $5,140, far exceeding the national median of $2,690. Property taxes in Henrietta 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 Henrietta'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 Henrietta 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
Henrietta, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$5,106
$5,048
Ownwell’s Henrietta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henrietta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henrietta 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 Henrietta, New York
Property taxes in Henrietta, 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 Henrietta is 2.76%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Henrietta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henrietta 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 Henrietta's effective property tax rate to other areas in Monroe County and the national median. For comparison, the zip code 14467 has the highest median property tax rate of 2.76%, while the same zip code also has the lowest median tax rate of 2.76%. Understanding how these areas compare with Henrietta 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 Henrietta Tax Rate
2.76%
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 Henrietta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14467 | 2.12% | 2.57% | 2.76% | 3.02% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Henrietta, New York
In Henrietta, NY, 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 Henrietta, 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 Henrietta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $5,140, both found in the 14467 zip code.
Average Henrietta Assessed Value
$185,000
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 Henrietta, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14467 | $148,300 | $164,000 | $185,000 | $217,800 | $255,000 |
Source: Ownwell
Property Tax Bills Across Henrietta, New York
In Henrietta, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the total tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. Homeowners in Henrietta can expect a range of property tax bills. For instance, the tax bill at the 25th percentile is around $4,229, while at the 75th percentile, it rises to approximately $6,130. At the 90th percentile, homeowners may see tax bills as high as $7,552. The median home price in Henrietta is $185,000, which helps provide context for these tax figures. Compared to the national median property tax rate of 0.99%, Henrietta's property tax rates can be considered relatively high, impacting homeowners' annual financial planning and overall cost of homeownership.
Average Henrietta Tax Bill
$5,140
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 Henrietta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14467 | $3,265 | $4,229 | $5,140 | $6,130 | $7,552 |
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 |