Remsen, New York Property Taxes
The median property tax rate in Remsen, NY is 2.64%, 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 Remsen at $118,125, the typical annual property tax bill reaches $2,700, slightly above the national median of $2,690. Property taxes in Remsen are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Remsen'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 Remsen 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
Remsen, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$3,119
$2,894
Ownwell’s Remsen Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Remsen with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Remsen to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in exploring trends on a neighborhood level, scroll down to access more localized information. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Remsen, New York
Property taxes in Remsen, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Remsen is 2.64%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Remsen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Remsen 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 Remsen's effective property tax rate to other counties in New York and the national median. For comparison, the 13438 zip code has the highest median property tax rate of 2.64%, while the same zip code also has the lowest median tax rate of 2.64%. Understanding how these cities compare with Remsen 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 Remsen Tax Rate
2.64%
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 Remsen, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13438 | 0.73% | 1.96% | 2.64% | 2.65% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Remsen, New York
In Remsen, 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 Remsen, 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. The median home price in Remsen is $118,125, with the 25th percentile tax bill at $1,174 and the 75th percentile tax bill at $4,256. The highest and lowest median tax bills are both $2,700 in the 13438 zip code. 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 Remsen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Remsen Assessed Value
$118,125
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 Remsen, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13438 | $39,792 | $74,375 | $118,125 | $179,200 | $245,067 |
Source: Ownwell
Property Tax Bills Across Remsen, New York
In Remsen, located in Oneida County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value represents the local government's estimate of the property's worth. Homeowners in Remsen face a range of property tax bills, with the 25th percentile at $1,174 and the 75th percentile reaching $4,256. For those in the 90th percentile, tax bills can be as high as $6,205. The median home price in the area is $118,125, highlighting how property value significantly influences tax obligations. Compared to the national median property tax rate of 0.99%, Remsen's tax rates can vary widely, impacting homeowners differently depending on their property's assessed value. For instance, the highest median tax bill in the region is $2,700, found in zip code 13438, which underscores the variability within the area. These tax bills fund essential local services, including schools, public safety, and infrastructure, directly affecting the quality of life for residents.
Average Remsen Tax Bill
$2,700
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 Remsen, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13438 | $511 | $1,174 | $2,700 | $4,256 | $6,205 |
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 |