Rush, New York Property Taxes
The median property tax rate in Rush, NY is 2.66%, 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 Rush at $226,600, the typical annual property tax bill reaches $5,913, exceeding the national median of $2,690. Property taxes in Rush 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 Rush'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 Rush 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
Rush, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.66%
Estimate Property Tax Bill
$6,028
$5,593
Ownwell’s Rush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rush 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 Rush, New York
Property taxes in Rush, New York, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Rush is 2.66%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Rush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rush 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 Rush's effective property tax rate to other counties in New York and the national median. For comparison, the 14543 zip code has the highest median property tax rate of 2.66%, while the 14543 zip code also has the lowest median tax rate of 2.66%. Understanding how these cities compare with Rush 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 Rush Tax Rate
2.66%
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 Rush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14543 | 2.02% | 2.45% | 2.66% | 2.88% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Rush, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rush, NY. 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 Rush, 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 Rush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Rush is $5913 in the 14543 zip code, while the lowest median tax bill is also $5913 in the same zip code.
Average Rush Assessed Value
$226,600
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 Rush, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14543 | $147,080 | $179,600 | $226,600 | $289,100 | $375,220 |
Source: Ownwell
Property Tax Bills Across Rush, New York
In Rush, a city in Monroe County, NY, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For context, the national median property tax rate is 0.99%, but local rates can vary. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. Homeowners in Rush can expect to see a wide range of tax bills. For example, the 25th percentile tax bill is around $4,403, while the 75th percentile tax bill reaches $7,910. At the higher end, the 90th percentile tax bill can be as much as $10,366. These property tax bills have a significant impact on homeowners, affecting their overall cost of living and potentially influencing their decisions about property ownership and investment.
Average Rush Tax Bill
$5,913
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 Rush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14543 | $3,169 | $4,403 | $5,913 | $7,910 | $10,366 |
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 |