Bridgewater, New York Property Taxes
The median property tax rate in Bridgewater, NY is 1.62%, 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 Bridgewater, the typical annual property tax bill reaches $1,335, exceeding the national median of $2,690. Property taxes in Bridgewater 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 Bridgewater'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 Bridgewater 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
Bridgewater, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$1,321
$1,226
Ownwell’s Bridgewater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgewater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgewater 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 Bridgewater, New York
Property taxes in Bridgewater, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgewater is 1.62%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bridgewater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgewater 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. For comparison, the zip code 13313 has both the highest and lowest median property tax rate of 1.62%, identical to Bridgewater's rate. Understanding how these cities compare with Bridgewater 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 Bridgewater Tax Rate
1.62%
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 Bridgewater, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13313 | 1.21% | 1.27% | 1.62% | 2.83% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Bridgewater, New York
In Bridgewater, 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 Bridgewater, 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 Bridgewater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $1,335 in zip code 13313.
Average Bridgewater Assessed Value
$81,548
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 Bridgewater, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13313 | $31,071 | $52,381 | $81,548 | $106,042 | $156,964 |
Source: Ownwell
Property Tax Bills Across Bridgewater, New York
Property tax bills in Bridgewater, Oneida County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and ideally reflects the market value of the property. Homeowners in Bridgewater typically see a wide range of property tax bills, influenced by the assessed value of their homes and the specific tax rates applied by local taxing authorities. For example, the median home price in Bridgewater is $81,548. Property tax bills in this area range from the 25th percentile at $904 to the 75th percentile at $2,386, with the 90th percentile reaching up to $3,904. These figures indicate that homeowners may experience varying tax obligations, depending on their property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Bridgewater's property tax rates can have a significant impact on homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Bridgewater Tax Bill
$1,335
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 Bridgewater, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13313 | $469 | $904 | $1,335 | $2,386 | $3,904 |
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 |