Hinckley, New York Property Taxes
The median property tax rate in Hinckley, NY is 2.53%, 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 Hinckley at $95,849, the typical annual property tax bill reaches $2,252, which is below the national median of $2,690. Property taxes in Hinckley 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 Hinckley'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 Hinckley 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
Hinckley, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$2,425
$2,250
Ownwell’s Hinckley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hinckley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hinckley 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 Hinckley, New York
Property taxes in Hinckley, New York, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Hinckley is 2.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hinckley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hinckley 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 Hinckley's effective property tax rate to other counties in New York and the national median. For comparison, the 13352 zip code has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these cities compare with Hinckley 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 Hinckley Tax Rate
2.53%
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 Hinckley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13352 | 0.72% | 2.40% | 2.53% | 2.88% | 3.64% |
Source: Ownwell
Property Tax Assessment Values Across Hinckley, New York
In Hinckley, 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 Hinckley, 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 Hinckley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,252, found in the 13352 zip code.
Average Hinckley Assessed Value
$95,849
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 Hinckley, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13352 | $37,302 | $61,179 | $95,849 | $113,066 | $151,698 |
Source: Ownwell
Property Tax Bills Across Hinckley, New York
In Hinckley, located in Oneida County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor and is a percentage of the market value of the property. Homeowners in Hinckley typically see varying tax bills depending on their property's assessed value and the specific tax rate applied by the local government. For example, the median home price in Hinckley is $95,849. Homeowners can expect a tax bill around the 25th percentile to be approximately $1,105, while those at the 75th percentile might pay about $2,747. At the 90th percentile, tax bills can reach up to $3,485. These figures reflect the range and impact of property taxes on homeowners in the area. Notably, the highest and lowest median tax bills in the region are both $2,252, indicating some consistency in the assessed values and tax rates applied. This variability in tax bills can significantly affect homeowners' annual budgets and financial planning.
Average Hinckley Tax Bill
$2,252
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 Hinckley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13352 | $625 | $1,105 | $2,252 | $2,747 | $3,485 |
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 |