Boonville, New York Property Taxes
The median property tax rate in Boonville, NY is 1.95%, 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 Boonville, the typical annual property tax bill reaches $2,060, slightly below the national median of $2,690. Property taxes in Boonville 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 Boonville'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 Boonville 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
Boonville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$1,980
$1,837
Ownwell’s Boonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boonville 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 Boonville, New York
Property taxes in Boonville, New York, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Boonville is 1.95%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Boonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boonville 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 Boonville's effective property tax rate to other areas in New York and the national median. For comparison, the 13309 zip code has both the highest and lowest median property tax rate of 1.95%. Understanding how these areas compare with Boonville provides valuable insights into the varying tax landscape across Oneida County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boonville Tax Rate
1.95%
Average Oneida County Tax Rate
2.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13309 | 0.67% | 1.95% | 1.95% | 2.60% | 2.62% |
Source: Ownwell
Property Tax Assessment Values Across Boonville, New York
In Boonville, 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 Oneida 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 Boonville, 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 Boonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Boonville is $101,525, with the highest and lowest median tax bills recorded at $2,060 in the 13309 zip code.
Average Boonville Assessed Value
$101,525
Average Oneida County Assessed Value
$126,923
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13309 | $45,777 | $69,661 | $101,525 | $142,373 | $195,356 |
Source: Ownwell
Property Tax Bills Across Boonville, New York
In Boonville, 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 assessor's office and reflects the market value of the property. Homeowners in Boonville can expect a median home price of $101,525, which influences their tax bills. For instance, those in the 25th percentile pay around $1,310, while those in the 75th percentile face bills of approximately $2,842. The highest median tax bill in the area is $2,060, found in the 13309 zip code. Several factors impact the final tax bill, including property improvements, neighborhood changes, and overall market conditions. These elements are considered during the assessment process, ensuring that each homeowner's tax bill reflects the current value of their property. Compared to the national median property tax rate of 0.99%, Boonville's tax rates can vary widely, affecting homeowners differently based on their property's assessed value and specific circumstances.
Average Boonville Tax Bill
$2,060
Average Oneida County Tax Bill
$2,574
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Boonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13309 | $615 | $1,310 | $2,060 | $2,842 | $3,755 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oneida Assessment Review Commission | |
| Website | app.regrid.com |