Penfield, Monroe County, New York Property Taxes

Name: Property Tax Bills Across Penfield, Monroe County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Penfield, NY effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Penfield, NY home value: $233,950
Median annual Penfield, NY tax bill: $6,815, $4,415 higher than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

Property taxes in Penfield, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Penfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Penfield, Monroe County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.89%

Estimate Property Tax Bill

$6,761

$6,274

Ownwell’s Penfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Penfield with just two data points.

By entering your property's estimated assessed value, our calculator applies Penfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monroe County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Penfield, Monroe County, New York

Local government entities set tax rates, which can vary widely within a state. Each year, counties determine their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

Penfield in Monroe County, NY, stands out with its effective property tax rate. When compared to other cities in New York and the U.S., Penfield's rate is notably higher. The median property tax rate in Penfield is 2.89%, significantly above the national median of 1.02%. This means local homeowners face higher tax bills compared to many areas nationwide. With the national median property tax bill at $2400, Penfield residents often pay considerably more. Such a rate reflects the local government's budgetary needs and the value of properties in the area. For homeowners, understanding these rates is crucial for financial planning and property investment decisions.

Property Tax Rates Across Penfield, Monroe County, New York

Source: Ownwell

0.17%

2.17%

4.16%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Penfield Tax Rate

2.89%

Median Effective Monroe County Tax Rate

2.93%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Penfield, Monroe County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14526	2.30%	2.67%	2.89%	3.16%	3.21%

Source: Ownwell

Property Tax Assessment Values Across Penfield, Monroe County, New York

When examining property taxes in Penfield, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Penfield. For example, the median home price in Penfield is $233,950, with tax bills ranging significantly across the county. Zip code 14526 has the highest median home price at $233,950.

Property Tax Assessment Values Across Penfield, Monroe County, New York

Source: Ownwell

$42,391

$316,522

$590,652

Median Penfield Market Value

$233,950

Median Monroe County Market Value

$167,400

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Penfield, Monroe County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14526	$159,310	$186,000	$233,950	$327,700	$403,100

Source: Ownwell

Property Tax Bills Across Penfield, Monroe County, New York

Property tax bills in Penfield, located in Monroe County, NY, are calculated based on the assessed value of a property, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. The median home price in Penfield is $233,950, with property tax bills ranging significantly. The 25th percentile tax bill is $5,147, while the 75th percentile reaches $9,638, and the 90th percentile climbs to $12,140. The median property tax bill in Penfield is notably higher than the national median of $2,400, reflecting the region's higher tax rate. Homeowners in Penfield can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing local market data and identifying potential discrepancies in assessed values, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only their fair share.

Property Tax Bills Across Penfield, Monroe County, New York

Source: Ownwell

$547

$5,170

$9,793

Median Penfield Tax Bill

$6,815

Median Monroe County Tax Bill

$5,200

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Penfield, Monroe County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14526	$4,094	$5,147	$6,815	$9,638	$12,140

Source: Ownwell

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Dates

Links
Monroe Assessment Review Commission
Website	app.regrid.com