Clifton Springs, New York Property Taxes
The median property tax rate in Clifton Springs, NY is 3.04%, 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 Clifton Springs at $146,739, the typical annual property tax bill reaches $4,517, exceeding the national median of $2,690. Property taxes in Clifton Springs 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 Clifton Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clifton Springs 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
Clifton Springs, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.04%
Estimate Property Tax Bill
$4,461
$4,411
Ownwell’s Clifton Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton Springs 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 Clifton Springs, New York
Property taxes in Clifton Springs, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifton Springs is 3.04%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clifton Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifton Springs 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 Clifton Springs' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14432 has the highest median property tax rate of 3.04%, while the same zip code also has the lowest median tax rate of 3.04%. Understanding how these cities compare with Clifton Springs provides valuable insights into the varying tax landscape across Ontario County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifton Springs Tax Rate
3.04%
Average Ontario County Tax Rate
2.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifton Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14432 | 2.72% | 2.87% | 3.04% | 3.31% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across Clifton Springs, New York
In Clifton Springs, 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 Ontario 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 Clifton Springs, 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 Clifton Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 14432 has both the highest and lowest median tax bill, which is $4517.
Property Tax Assessment Values Across Clifton Springs, New York
Source: Ownwell
$48,100
$304,400
$560,700
Average Clifton Springs Assessed Value
$146,739
Average Ontario County Assessed Value
$176,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifton Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14432 | $86,000 | $117,100 | $146,739 | $183,152 | $245,066 |
Source: Ownwell
Property Tax Bills Across Clifton Springs, New York
In Clifton Springs, located in Ontario County, NY, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by local assessors who evaluate the property's market value. Once the market value is established, it is multiplied by an assessment ratio to get the assessed value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and condition significantly influence the market value, and consequently, the assessed value. Homeowners in Clifton Springs experience a range of property tax bills. For instance, the 25th percentile tax bill is around $3,574, while the 75th percentile reaches $5,560. At the higher end, the 90th percentile tax bill is approximately $7,299. These figures show that Clifton Springs' property tax rates are higher than the national median property tax rate of 0.99%, impacting homeowners by increasing their annual expenses.
Average Clifton Springs Tax Bill
$4,517
Average Ontario County Tax Bill
$4,698
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifton Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14432 | $2,555 | $3,574 | $4,517 | $5,560 | $7,299 |
Source: Ownwell