North Greece, New York Property Taxes
The median property tax rate in North Greece, NY is 3.16%, 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 North Greece at $127,900, the typical annual property tax bill reaches $3,984, exceeding the national median of $2,690. Property taxes in North Greece 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 North Greece'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 North Greece 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
North Greece, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.16%
Estimate Property Tax Bill
$4,042
$3,996
Ownwell’s North Greece Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in North Greece. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in North Greece to provide an accurate estimate of your property tax bill. This user-friendly tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information can be found by scrolling down. Your property’s assessed value, determined by Monroe County, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across North Greece, New York
Property taxes in North Greece, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Greece is 3.16%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Greece set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Greece 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 North Greece's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14515 has the highest median property tax rate of 3.16%, while the same zip code also has the lowest median tax rate of 3.16%. Understanding how these cities compare with North Greece 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 North Greece Tax Rate
3.16%
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 North Greece, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14515 | 1.81% | 2.87% | 3.16% | 3.61% | 3.92% |
Source: Ownwell
Property Tax Assessment Values Across North Greece, New York
In North Greece, 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 North Greece, 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 North Greece 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 $3984, notably in the 14515 zip code.
Average North Greece Assessed Value
$127,900
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 North Greece, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14515 | $104,100 | $108,750 | $127,900 | $147,650 | $178,360 |
Source: Ownwell
Property Tax Bills Across North Greece, New York
In North Greece, Monroe County, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the property's market value. Once assessed, the value is multiplied by the local tax rate to calculate the annual tax bill. For homeowners in North Greece, the median home price is $127,900. Property tax bills can vary significantly, with the 25th percentile tax bill at $3,282 and the 75th percentile reaching $4,947. The 90th percentile tax bill can be as high as $6,614. The highest median tax bill in the area is $3,984, which is notably higher than the national median property tax rate of 0.99%. These property tax variations impact homeowners by influencing their annual expenses and potentially affecting their ability to afford their homes. Higher property taxes can also affect the real estate market, as potential buyers consider these costs when making purchasing decisions.
Average North Greece Tax Bill
$3,984
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 North Greece, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14515 | $1,939 | $3,282 | $3,984 | $4,947 | $6,614 |
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 |