Farmington, Ontario County, New York Property Taxes
Median Farmington, NY effective property tax rate: 2.48%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Farmington, NY home value: $187,216
Median annual Farmington, NY tax bill: $4,659, $2,259 higher than the national median property tax bill of $2,400.
How are property taxes in Ontario calculated?
Property taxes in Farmington, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Farmington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Farmington, Ontario County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.48%
Estimate Property Tax Bill
$4,643
$4,309
Property Tax Rates Across Farmington, Ontario County, New York
Local government entities are responsible for setting property tax rates, which can vary significantly across New York. This variation arises because each county, including Ontario, calculates the necessary budget to fund essential services and divides this by the total assessed value of all taxable properties within its area. This calculation forms the basis of the property tax rate.
While the process involves votes and legal frameworks, this is essentially how the annual property tax rate is determined. In Farmington, located in Ontario County, the effective property tax rate stands at 2.48%. This rate is notably higher than the national median property tax rate of 1.02%. Such a comparison highlights the substantial tax burden faced by property owners in Farmington compared to the average across the U.S.
When assessing property tax rates in Farmington, it's evident that the local rates are among the highest in the nation. This emphasizes the importance of understanding property tax obligations and exploring potential appeals or exemptions to mitigate costs.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Farmington Tax Rate
2.48%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ontario County Tax Rate
2.60%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farmington, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14425 | 2.46% | 2.48% | 2.48% | 2.60% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Farmington, Ontario County, New York
When examining property taxes in Farmington, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ontario County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Ontario County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Farmington. For example, the median home price in Farmington is $187,216, with tax bills ranging significantly across the county. 14425 has the highest median home price at $187,216.
Property Tax Assessment Values Across Farmington, Ontario County, New York
Source: Ownwell
$105,200
$332,950
$560,700
Median Farmington Market Value
$187,216
Median Ontario County Market Value
$176,100
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farmington, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14425 | $137,375 | $150,341 | $187,216 | $269,659 | $345,568 |
Source: Ownwell
Property Tax Bills Across Farmington, Ontario County, New York
In Farmington, Ontario County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Farmington is $187,216, and the tax bill varies significantly, with the 25th percentile at $3,840 and the 75th percentile at $6,662. The 90th percentile reaches as high as $8,602. Notably, the median tax bill in Farmington's ZIP code 14425 stands at $4,659, which is considerably higher than the national median property tax bill of $2,400. This disparity highlights the financial burden on homeowners in this area, as they face tax bills that are nearly double the national median.
Ownwell offers valuable assistance to homeowners in Farmington by providing expert property tax appeal and exemption services. By leveraging local market data and in-depth knowledge of the tax assessment process, Ownwell can help homeowners identify potential over-assessments and secure reductions in their tax bills, ultimately leading to significant savings and financial relief.
Median Farmington Tax Bill
$4,659
Median Ontario County Tax Bill
$4,698
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Farmington, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14425 | $3,435 | $3,840 | $4,659 | $6,662 | $8,602 |
Source: Ownwell