Clayville, New York Property Taxes
The median property tax rate in Clayville, NY is 2.83%, 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 Clayville at $129,028, the typical annual property tax bill reaches $3,705, exceeding the national median of $2,690. Property taxes in Clayville 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 Clayville'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 Clayville 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
Clayville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$3,651
$3,388
Ownwell’s Clayville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clayville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clayville 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 Clayville, New York
Property taxes in Clayville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayville is 2.83%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clayville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayville 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 Clayville's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13322 has the highest median property tax rate of 2.83%, while the same zip code also has the lowest median tax rate of 2.83%. Understanding how these areas compare with Clayville 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 Clayville Tax Rate
2.83%
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 Clayville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13322 | 1.09% | 2.80% | 2.83% | 3.59% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Clayville, New York
In Clayville, NY, 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 Clayville, 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 Clayville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $3,705 in the 13322 zip code.
Average Clayville Assessed Value
$129,028
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 Clayville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13322 | $63,167 | $87,222 | $129,028 | $209,306 | $269,361 |
Source: Ownwell
Property Tax Bills Across Clayville, New York
In Clayville, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by local authorities. The assessed value is determined by the local assessor and is meant to represent a percentage of the property's market value. Homeowners in Clayville, situated in Oneida County, can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,621, while at the 75th percentile, it rises to $5,404. At the 90th percentile, the tax bill can reach up to $7,222. The median home price in Clayville is $129,028, and the property tax rate is higher than the national median of 0.99%. These factors combined mean that homeowners in Clayville may experience a more substantial financial burden compared to other regions. The highest and lowest median tax bills in the area both stand at $3,705, indicating a relatively consistent range within certain zip codes. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Clayville Tax Bill
$3,705
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 Clayville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13322 | $1,392 | $2,621 | $3,705 | $5,404 | $7,222 |
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 |