Woodgate, New York Property Taxes
The median property tax rate in Woodgate, NY is 0.92%, which is lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Woodgate at $128,334, the typical annual property tax bill is $1,103, significantly below the national median of $2,690. Property taxes in Woodgate are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Woodgate'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 Woodgate 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
Woodgate, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,181
$1,096
Ownwell’s Woodgate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodgate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodgate 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 Woodgate, New York
Property taxes in Woodgate, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodgate is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Woodgate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodgate 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 Woodgate's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13494 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Woodgate 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 Woodgate Tax Rate
0.92%
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 Woodgate, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13494 | 0.67% | 0.67% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Woodgate, New York
In Woodgate, 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 Woodgate, 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 Woodgate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $1,103, notably in the zip code 13494.
Average Woodgate Assessed Value
$128,334
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 Woodgate, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13494 | $42,308 | $75,641 | $128,334 | $256,410 | $383,333 |
Source: Ownwell
Property Tax Bills Across Woodgate, New York
Property tax bills in Woodgate, located in 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's office, which evaluates the property's market value and applies an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Woodgate, the median home price is $128,334. Property tax bills vary significantly, with the 25th percentile at $669 and the 75th percentile at $2,037. For those at the 90th percentile, the tax bill can reach up to $3,330. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These taxes are crucial for funding public services such as schools, infrastructure, and emergency services. Homeowners in Woodgate must consider these costs as part of their overall homeownership expenses, impacting their financial planning and property investment decisions.
Average Woodgate Tax Bill
$1,103
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 Woodgate, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13494 | $343 | $669 | $1,103 | $2,037 | $3,330 |
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 |