Naples, New York Property Taxes
The median property tax rate in Naples, NY is 2.58%, 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 Naples at $169,200, the typical annual property tax bill reaches $4,277, exceeding the national median of $2,690. Property taxes in Naples 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 Naples' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Naples 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
Naples, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.58%
Estimate Property Tax Bill
$4,365
$4,051
Ownwell’s Naples Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Naples with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Naples 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 Naples, New York
Property taxes in Naples, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Naples is 2.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Naples set these rates annually, and they can vary significantly across different neighborhoods. Each year, Naples 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 Naples' effective property tax rate to other areas in New York and the national median. For comparison, the 14512 zip code has both the highest and lowest median property tax rate of 2.58%. Understanding how these areas compare with Naples 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 Naples Tax Rate
2.58%
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | 2.22% | 2.22% | 2.58% | 2.58% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Naples, New York
In Naples, 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 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 Naples, 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 Naples is $169,200, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $2,806, while the 75th percentile tax bill is $6,317. 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 Naples helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Naples Assessed Value
$169,200
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | $61,120 | $112,100 | $169,200 | $260,200 | $472,200 |
Source: Ownwell
Property Tax Bills Across Naples, New York
In Naples, located in Ontario County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate property characteristics and market conditions to estimate its value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Naples, the median home price is $169,200. Property tax bills can vary significantly, with the 25th percentile at $2,806 and the 75th percentile at $6,317. At the higher end, the 90th percentile reaches $10,530. These figures highlight the variability in tax bills within the area, depending on property value and specific tax rates. Homeowners in Naples face a median property tax bill of $4,277, which is higher than the national median property tax rate of 0.99%. This can significantly impact household budgets, making it important for homeowners to understand how their property is assessed and taxed.
Average Naples Tax Bill
$4,277
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 Naples, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14512 | $1,367 | $2,806 | $4,277 | $6,317 | $10,530 |
Source: Ownwell