Deansboro, New York Property Taxes
The median property tax rate in Deansboro, NY is 2.62%, 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 Deansboro at $144,165, the typical annual property tax bill reaches $3,400, exceeding the national median of $2,690. Property taxes in Deansboro 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 Deansboro'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 Deansboro 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
Deansboro, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$3,777
$3,505
Ownwell’s Deansboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deansboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deansboro 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 Deansboro, New York
Property taxes in Deansboro, 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 Deansboro is 2.62%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Deansboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deansboro 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 Deansboro's effective property tax rate to other areas in Oneida County and the national median. For comparison, the zip code 13328 has the highest median property tax rate of 2.62%, while the same zip code also has the lowest median tax rate of 2.62%. Understanding how these figures compare with Deansboro 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 Deansboro Tax Rate
2.62%
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 Deansboro, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13328 | 0.88% | 2.50% | 2.62% | 2.66% | 2.98% |
Source: Ownwell
Property Tax Assessment Values Across Deansboro, New York
In Deansboro, 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 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 Deansboro, 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 Deansboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13328, with a tax bill of $3,400.
Average Deansboro Assessed Value
$144,165
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 Deansboro, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13328 | $80,080 | $106,950 | $144,165 | $204,922 | $296,180 |
Source: Ownwell
Property Tax Bills Across Deansboro, New York
Property tax bills in Deansboro, located in Oneida County, NY, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Deansboro, the median home price is $144,165, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $2,350, while those at the 75th percentile could see bills as high as $5,005. The top 10% of taxpayers face even higher bills, with the 90th percentile reaching up to $7,709. The property tax rate in Deansboro is influenced by various factors, including local government budgets, school funding, and community services. Compared to the national median property tax rate of 0.99%, the tax burden in Deansboro can be substantial. This significant variation in tax bills can impact homeowners' financial planning, making it crucial for residents to understand how their property taxes are determined and what they can expect to pay annually.
Average Deansboro Tax Bill
$3,400
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 Deansboro, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13328 | $1,319 | $2,350 | $3,400 | $5,005 | $7,709 |
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 |