Hall, Ontario County, New York Property Taxes
The median property tax rate in Hall, NY is 1.86%, 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 Hall, the typical annual property tax bill reaches $2,573, slightly below the national median of $2,690. Property taxes in Hall 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 Hall'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 Hall 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
Hall, Ontario County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$2,604
$2,416
Ownwell’s Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hall 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 Hall, Ontario County, New York
Property taxes in Hall, New York, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Hall is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hall set these rates annually, and they can vary across different neighborhoods. Each year, Hall 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 Hall's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14463, which includes Hall, has both the highest and lowest median property tax rate of 1.86%. Understanding how these areas compare with Hall 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 Hall Tax Rate
1.86%
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 Hall, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14463 | 1.83% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Hall, Ontario County, New York
In Hall, 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 Hall, 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. For example, the median home price in Hall is $140,000. The tax bill for the 25th percentile is $2,276, while the 75th percentile is $2,993, and the 90th percentile is $3,149. The highest and lowest median tax bills are both $2,573, found in zip code 14463. 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 Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hall, Ontario County, New York
Source: Ownwell
$105,200
$332,950
$560,700
Average Hall Assessed Value
$140,000
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 Hall, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14463 | $119,100 | $125,000 | $140,000 | $163,000 | $170,000 |
Source: Ownwell
Property Tax Bills Across Hall, Ontario County, New York
In Hall, located in Ontario County, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, homeowners in Hall see a range of tax bills, with the 25th percentile at $2,276 and the 75th percentile at $2,993. The 90th percentile of tax bills reaches $3,149. These figures highlight the variability in tax bills depending on property values and specific assessments. Homeowners in Hall experience a property tax rate that is notably higher than the national median of 0.99%. This higher rate can significantly impact household budgets, making it essential for property owners to understand their assessments and explore any available exemptions or appeals to manage their tax liabilities effectively.
Average Hall Tax Bill
$2,573
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 Hall, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14463 | $2,136 | $2,276 | $2,573 | $2,993 | $3,149 |
Source: Ownwell