Preble, New York Property Taxes
The median property tax rate in Preble, NY is 2.65%, 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 Preble, the typical annual property tax bill reaches $4,385, exceeding the national median of $2,690. Property taxes in Preble 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 Preble'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 Preble 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
Preble, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$4,466
$4,144
Ownwell’s Preble Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Preble with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Preble 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 Preble, New York
Property taxes in Preble, 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 Preble is 2.65%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Preble set these rates annually, and they can vary significantly across different neighborhoods. Each year, Preble 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 Preble's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13141 has the highest median property tax rate of 2.65%, while the same zip code also has the lowest median tax rate of 2.65%. Understanding how these areas compare with Preble 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 Preble Tax Rate
2.65%
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 Preble, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13141 | 2.64% | 2.65% | 2.65% | 2.88% | 3.44% |
Source: Ownwell
Property Tax Assessment Values Across Preble, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Preble, NY. 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 Preble, 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 Preble is $168,516, with tax bills ranging from $2,845 at the 25th percentile to $7,384 at the 90th percentile. The zip code 13141 has the highest and lowest median tax bill, both at $4,385. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Preble Assessed Value
$168,516
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 Preble, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13141 | $65,723 | $104,154 | $168,516 | $211,730 | $266,266 |
Source: Ownwell
Property Tax Bills Across Preble, New York
In Preble, property tax bills are calculated by assessing the market value of a home and applying the local tax rate. The assessed value is determined by the local assessor, who evaluates the property's worth based on various factors, including location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Homeowners in Preble can expect a wide range of property tax bills. For instance, the 25th percentile tax bill is around $2,845, while the 75th percentile reaches $6,029. At the higher end, the 90th percentile tax bill can climb to $7,384. These variations illustrate how different property values and assessments can significantly impact tax obligations. Compared to the national median property tax rate of 0.99%, homeowners in Preble often face higher tax rates, especially in certain zip codes like 13141, where the median tax bill is $4,385. This higher tax burden can influence homeowners' decisions on buying, selling, or investing in property within the area.
Average Preble Tax Bill
$4,385
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 Preble, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13141 | $1,689 | $2,845 | $4,385 | $6,029 | $7,384 |
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 |