De Witt, New York Property Taxes
The median property tax rate in DE WITT, NY is 1.11%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in DE WITT, the typical annual property tax bill reaches $1,556, which is below the national median of $2,690. Property taxes in DE WITT are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence exemption. Understanding DE WITT'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 DE WITT 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
De Witt, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,528
$1,418
Ownwell’s De Witt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Witt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Witt 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 De Witt, New York
Property taxes in De Witt, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Witt is 1.11%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within De Witt set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Witt 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 De Witt's effective property tax rate to other counties in New York and the national median. For comparison, the 13214 zip code has the highest median property tax rate of 1.11%, while the 13214 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with De Witt provides valuable insights into the varying tax landscape across Onondaga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Witt Tax Rate
1.11%
Average Onondaga County Tax Rate
3.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Witt, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13214 | 0.87% | 1.05% | 1.11% | 1.14% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across De Witt, New York
In DE WITT, 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 Onondaga 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 DE WITT, 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 DE WITT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in DE WITT are both $1,556, located in the zip code 13214.
Average De Witt Assessed Value
$137,681
Average Onondaga County Assessed Value
$152,577
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Witt, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13214 | $124,869 | $130,435 | $137,681 | $159,420 | $192,406 |
Source: Ownwell
Property Tax Bills Across De Witt, New York
In De Witt, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate. For homeowners in De Witt, the median home price is $137,681. Tax bills can vary significantly; the 25th percentile tax bill is $1,498, while the 75th percentile tax bill is $1,672. At the 90th percentile, homeowners might see a tax bill of up to $1,914. These figures are influenced by various factors, including property size, location, and market conditions. The highest and lowest median tax bills in the area both stand at $1,556 in the 13214 zip code. When compared to the national median property tax rate of 0.99%, De Witt's rates reflect the local economic conditions and municipal budget requirements. Homeowners in De Witt need to consider these taxes as a significant component of their annual housing costs, impacting overall affordability and financial planning.
Average De Witt Tax Bill
$1,556
Average Onondaga County Tax Bill
$5,213
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across De Witt, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13214 | $1,275 | $1,498 | $1,556 | $1,672 | $1,914 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Onondaga Assessment Review Commission | |
| Website | onondaga.go2gov.net |