Wilson, New York Property Taxes
The median property tax rate in Wilson, NY is 2.64%, 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 Wilson at $154,500, the typical annual property tax bill reaches $4,336, exceeding the national median of $2,690. Property taxes in Wilson 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 Wilson'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 Wilson 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
Wilson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$4,079
$3,785
Ownwell’s Wilson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilson 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 Wilson, New York
Property taxes in Wilson, NY, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilson is 2.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wilson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilson 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 Wilson's effective property tax rate to other areas in Niagara County and the national median. For comparison, the zip code 14172 has the highest median property tax rate of 2.64%, while the same zip code also has the lowest median tax rate of 2.64%. Understanding how these areas compare with Wilson 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 Wilson Tax Rate
2.64%
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 Wilson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14172 | 2.51% | 2.64% | 2.64% | 3.19% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Wilson, New York
In Wilson, 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 Wilson, 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 Wilson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wilson, the highest and lowest median tax bill is $4,336, found in the 14172 zip code.
Average Wilson Assessed Value
$154,500
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 Wilson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14172 | $78,820 | $117,550 | $154,500 | $217,700 | $290,060 |
Source: Ownwell
Property Tax Bills Across Wilson, New York
In Wilson, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is a percentage of the market value of the property. Once the assessed value is established, local tax rates are applied to determine the final tax bill. In Wilson, the median home price is $154,500, which can give homeowners an idea of their potential tax burden. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For instance, the tax bill for the 25th percentile is $3,304, while at the 75th percentile, it reaches $5,878, and at the 90th percentile, it can be as high as $7,762. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services. Comparing these figures to the national median property tax rate of 0.99%, Wilson's tax rates can be seen as relatively high, affecting the overall cost of homeownership in the area.
Average Wilson Tax Bill
$4,336
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 Wilson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14172 | $2,130 | $3,304 | $4,336 | $5,878 | $7,762 |
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 |