Newark, Ontario County, New York Property Taxes
Median Newark, NY effective property tax rate: 2.88%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Newark, NY home value: $148,450
Median annual Newark, NY tax bill: $5,323, $2,923 higher than the national median property tax bill of $2,400.
How are property taxes in Ontario calculated?
Property taxes in Newark, 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 Newark’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newark, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newark, Ontario County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.88%
Estimate Property Tax Bill
$4,275
$3,967
Property Tax Rates Across Newark, Ontario County, New York
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Newark, located in Ontario County, New York, the property tax rate is significantly higher than the national median of 1.02%. This rate reflects the local government's budgetary needs and the value of taxable property within the area. The median property tax rate in New York contrasts sharply with the national median, highlighting the variations that can occur between different regions. Such disparities underscore the importance of understanding local tax rates, as they can have a substantial impact on property owners' financial obligations. By comparing Newark's effective property tax rate to other cities in New York and the median property tax rates in the state and the U.S., property owners can gain a clearer understanding of their tax liabilities and potential savings opportunities.
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 Newark Tax Rate
2.88%
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 Newark, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14513 | 2.86% | 2.88% | 2.88% | 4.47% | 4.73% |
Source: Ownwell
Property Tax Assessment Values Across Newark, Ontario County, New York
When examining property taxes in Newark, 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 Newark. For example, the median home price in Newark is $148,450, with tax bills ranging significantly across the county. 14513 has the highest median home price at $148,450.
Property Tax Assessment Values Across Newark, Ontario County, New York
Source: Ownwell
$105,200
$332,950
$560,700
Median Newark Market Value
$148,450
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 Newark, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14513 | $101,456 | $125,665 | $148,450 | $193,675 | $251,304 |
Source: Ownwell
Property Tax Bills Across Newark, Ontario County, New York
In Newark, property tax bills are calculated based on the assessed value of your home. The local tax assessor determines this value, which is then multiplied by the tax rate set by the county. Newark, located in Ontario County, has a median property tax bill of $5,323, significantly higher than the national median of $2,400. Homeowners in this area face tax bills ranging from $4,053 at the 25th percentile to $9,976 at the 90th percentile. This can be a substantial financial burden, especially when compared to the national median property tax rate of 1.02%.
Factors influencing your property tax bill include the assessed value of your home, local tax rates, and any applicable exemptions. Ownwell can help homeowners in Newark potentially reduce their property tax bills by providing expert property tax appeal services. By reviewing your property's assessed value and identifying any inaccuracies or opportunities for exemptions, Ownwell can assist in lowering your tax liability, ensuring you pay only what is fair and justified.
Median Newark Tax Bill
$5,323
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 Newark, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14513 | $3,136 | $4,053 | $5,323 | $7,306 | $9,976 |
Source: Ownwell