Clarence Center, New York Property Taxes
The median property tax rate in Clarence Center, NY is 2.25%, 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 Clarence Center at $148,200, the typical annual property tax bill reaches $3,336, exceeding the national median of $2,690. Property taxes in Clarence Center 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 Clarence Center'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 Clarence Center 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
Clarence Center, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.25%
Estimate Property Tax Bill
$3,335
$3,094
Ownwell’s Clarence Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarence Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarence Center 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 Clarence Center, New York
Property taxes in Clarence Center, 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 Clarence Center is 2.25%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clarence Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarence Center 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 Clarence Center's effective property tax rate to other areas in Niagara County and the national median. For comparison, the highest and lowest median property tax rates in the region are both 2.25%, within the zip code 14032. Understanding how these cities compare with Clarence Center 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 Clarence Center Tax Rate
2.25%
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 Clarence Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14032 | 2.25% | 2.25% | 2.25% | 2.25% | 2.25% |
Source: Ownwell
Property Tax Assessment Values Across Clarence Center, New York
In Clarence Center, 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 Clarence Center, 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 Clarence Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Clarence Center are both $3336, found in the zip code 14032.
Property Tax Assessment Values Across Clarence Center, New York
Source: Ownwell
$55,300
$173,150
$291,000
Average Clarence Center Assessed Value
$148,200
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 Clarence Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14032 | $148,200 | $148,200 | $148,200 | $148,200 | $148,200 |
Source: Ownwell
Property Tax Bills Across Clarence Center, New York
In Clarence Center, located in Niagara County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the home's market value, local government budgets, and specific tax levies for schools, infrastructure, and public services contribute to the final tax rate. For homeowners in Clarence Center, the median home price is $148,200. The median tax bill stands at $3,336, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can have a notable impact on homeowners, influencing their overall housing costs and potentially affecting property values in the area. Understanding how these factors interplay is crucial for homeowners aiming to manage their expenses effectively.
Average Clarence Center Tax Bill
$3,336
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 Clarence Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14032 | $3,336 | $3,336 | $3,336 | $3,336 | $3,336 |
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 |