Barker, New York Property Taxes
The median property tax rate in Barker, NY is 2.18%, 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 Barker, the typical annual property tax bill reaches $3,521, exceeding the national median of $2,690. Property taxes in Barker 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 Barker'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 Barker 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
Barker, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$3,419
$3,381
Ownwell’s Barker Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barker with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barker 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 Barker, New York
Property taxes in Barker, New York, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barker is 2.18%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Barker set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barker 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 Barker's effective property tax rate to other counties in New York and the national median. For comparison, the 14012 zip code has the highest median property tax rate of 2.18%, while the same zip code also has the lowest median tax rate of 2.18%. Understanding how these areas compare with Barker provides valuable insights into the varying tax landscape across Niagara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barker Tax Rate
2.18%
Average Niagara County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barker, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14012 | 1.89% | 2.05% | 2.18% | 2.36% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Barker, New York
In Barker, 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 Niagara 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 Barker, 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 Barker helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Barker is found in the 14012 zip code, amounting to $3,521.
Average Barker Assessed Value
$156,854
Average Niagara County Assessed Value
$156,739
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barker, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14012 | $68,435 | $117,903 | $156,854 | $206,814 | $274,452 |
Source: Ownwell
Property Tax Bills Across Barker, New York
In Barker, located in Niagara County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The tax rate in Barker is influenced by various factors, including the budgetary needs of the local government, schools, and public services. Once the market value of a property is assessed, the tax rate is applied to this value to calculate the annual tax bill. For instance, with a median home price of $156,854, property owners in Barker can expect a tax bill ranging from $2,730 at the 25th percentile to $5,821 at the 90th percentile. Comparatively, the national median property tax rate is 0.99%, making Barker’s property taxes relatively higher. This can significantly impact homeowners, as higher property taxes can increase the overall cost of homeownership and influence decisions about buying or selling property. Understanding these factors is crucial for homeowners to manage their finances effectively and plan for future expenses.
Average Barker Tax Bill
$3,521
Average Niagara County Tax Bill
$3,626
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Barker, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14012 | $1,377 | $2,730 | $3,521 | $4,452 | $5,821 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Niagara Assessment Review Commission | |
| Website | niagaracounty.prosgar.com |