Phelps, Ontario County, New York Property Taxes

Name: Property Tax Bills Across Phelps, Ontario County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Phelps, NY effective property tax rate: 2.98%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Phelps, NY home value: $143,750
Median annual Phelps, NY tax bill: $4,433, $2,033 higher than the national median property tax bill of $2,400.

How are property taxes in Ontario calculated?

Property taxes in Phelps, 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 Phelps’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Phelps, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Phelps, Ontario County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.98%

Estimate Property Tax Bill

$4,284

$3,975

Ownwell’s Phelps Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Phelps with just two data points. By entering your property's estimated assessed value, our calculator applies Phelps’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ontario County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Phelps, Ontario County, New York

Local government entities set tax rates, which can vary widely within a state. This variance occurs because each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the annual process in a nutshell.

In Phelps, located in Ontario County, NY, the effective property tax rate is a reflection of this process. When compared to other cities in New York, Phelps shares its median property tax rate with the highest and lowest rates in the state, underscoring the uniformity within its zip code. This rate is significantly higher than the national median property tax rate of 1.02%, highlighting the disparity between local and national tax burdens. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By staying informed about local tax rates, property owners in Phelps can better navigate the complexities of property tax appeals and exemptions, ensuring they are not overburdened by their property tax responsibilities.

Property Tax Rates Across Phelps, Ontario County, New York

Source: Ownwell

1.86%

3.20%

4.55%

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 Phelps Tax Rate

2.98%

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 Phelps, Ontario County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14532	2.80%	2.88%	2.98%	3.26%	3.26%

Source: Ownwell

Property Tax Assessment Values Across Phelps, Ontario County, New York

When examining property taxes in Phelps, 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 Phelps. For example, the median home price in Phelps is $143,750, with tax bills ranging significantly across the county. Zip code 14532 has the highest median home price at $143,750.

Property Tax Assessment Values Across Phelps, Ontario County, New York

Source: Ownwell

$105,200

$332,950

$560,700

Median Phelps Market Value

$143,750

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 Phelps, Ontario County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14532	$76,087	$108,152	$143,750	$185,870	$251,631

Source: Ownwell

Property Tax Bills Across Phelps, Ontario County, New York

In Phelps, located in Ontario County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The local tax rate is applied to the assessed value, which is determined by the local assessor's office and may differ from the market value. Homeowners in Phelps experience a median property tax bill of $4,433, which is significantly higher than the national median of $2,400. Factors such as location, property size, and local government budgets influence this tax bill. For instance, the tax bill at the 25th percentile is $3,292, while at the 75th percentile, it reaches $5,627, indicating a wide range in tax obligations among homeowners. Ownwell offers property tax appeal and exemption services to help homeowners in Phelps potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell can guide homeowners through the appeal process, aiming to lower their financial burden.

Property Tax Bills Across Phelps, Ontario County, New York

Source: Ownwell

$2,573

$10,652

$18,731

Median Phelps Tax Bill

$4,433

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 Phelps, Ontario County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14532	$2,129	$3,292	$4,433	$5,627	$7,359

Source: Ownwell