North Tonawanda, New York Property Taxes
The median property tax rate in North Tonawanda, NY is 1.91%, 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 Tonawanda, the typical annual property tax bill reaches $3,849, exceeding the national median of $2,690. Property taxes in North Tonawanda 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 Tonawanda'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 Tonawanda 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 Tonawanda, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$3,681
$3,640
Ownwell’s North Tonawanda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Tonawanda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Tonawanda 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 Niagara County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across North Tonawanda, New York
Property taxes in North Tonawanda, 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 North Tonawanda is 1.91%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Tonawanda set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Tonawanda 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 Tonawanda's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14120 within North Tonawanda has the highest median property tax rate of 1.91%, while the same zip code also has the lowest median tax rate of 1.91%. Understanding how these cities compare with North Tonawanda 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 North Tonawanda Tax Rate
1.91%
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 North Tonawanda, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14120 | 1.82% | 1.91% | 1.91% | 2.36% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across North Tonawanda, New York
In North Tonawanda, 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 Assessment Office 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 Tonawanda, 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 Tonawanda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in North Tonawanda is $192,727, with median tax bills ranging from $2,851 at the 25th percentile to $8,470 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 14120, with a value of $3,849.
Property Tax Assessment Values Across North Tonawanda, New York
Source: Ownwell
$55,300
$173,150
$291,000
Average North Tonawanda Assessed Value
$192,727
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 North Tonawanda, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14120 | $123,636 | $151,818 | $192,727 | $263,666 | $349,761 |
Source: Ownwell
Property Tax Bills Across North Tonawanda, New York
In North Tonawanda, located in Niagara County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is intended to represent the market value of the property. Homeowners in North Tonawanda face a median tax bill of $3,849, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For example, the 25th percentile tax bill is $2,851, while the 75th percentile reaches $5,722, and the 90th percentile can be as high as $8,470. These variations highlight the impact of property value and exemptions on the overall tax burden. Understanding these factors is crucial for homeowners, as higher property values generally result in higher tax bills. Consequently, staying informed about local property assessments and potential exemptions can help homeowners manage their tax liabilities effectively.
Average North Tonawanda Tax Bill
$3,849
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 North Tonawanda, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14120 | $2,254 | $2,851 | $3,849 | $5,722 | $8,470 |
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 |