Springwater, Ontario County, New York Property Taxes
Median Springwater, NY effective property tax rate: 2.25%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Springwater, NY home value: $148,118
Median annual Springwater, NY tax bill: $3,361, $961 higher than the national median property tax bill of $2,400.
How are property taxes in Ontario calculated?
Property taxes in Springwater, 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 Springwater’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Springwater, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Springwater, Ontario County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.25%
Estimate Property Tax Bill
$3,333
$3,093
Property Tax Rates Across Springwater, Ontario County, New York
Local government entities in New York set property tax rates, which can vary significantly across the state. This variation occurs because each county annually estimates its budget needs for services and divides that by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the annual process.
In Springwater, located in Ontario County, the effective property tax rate is 2.25%. This is noticeably higher than the national median property tax rate of 1.02%. With Springwater's rate, residents are contributing significantly more in property taxes compared to the national average. This higher rate reflects the local government's budgetary requirements and the value of properties in the area. By understanding these rates, property owners can better navigate their financial planning and explore potential avenues for tax appeals or exemptions.
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 Springwater Tax Rate
2.25%
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 Springwater, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14560 | 2.22% | 2.25% | 2.25% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Springwater, Ontario County, New York
When examining property taxes in Springwater, 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.
Assessment notices: 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 Springwater. For example, the median home price in Springwater is $148,118, with tax bills ranging significantly across the county. 14560 has the highest median home price at $148,118.
Property Tax Assessment Values Across Springwater, Ontario County, New York
Source: Ownwell
$105,200
$332,950
$560,700
Median Springwater Market Value
$148,118
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 Springwater, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14560 | $50,235 | $82,000 | $148,118 | $211,529 | $304,965 |
Source: Ownwell
Property Tax Bills Across Springwater, Ontario County, New York
In Springwater, Ontario County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the assessed value include the property's location, size, and condition. Homeowners in Springwater face a median property tax bill of $3,361, significantly higher than the national median of $2,400, reflecting the region's higher tax rate. For those at the 90th percentile, tax bills can reach up to $6,860, placing a considerable financial burden on homeowners.
Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing the assessed value of your property and comparing it with similar homes in the area, Ownwell identifies opportunities to challenge and potentially lower your property tax bill. With a team of seasoned professionals, Ownwell ensures homeowners pay only their fair share, helping to alleviate the financial strain of high property taxes.
Median Springwater Tax Bill
$3,361
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 Springwater, Ontario County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14560 | $1,141 | $1,935 | $3,361 | $4,670 | $6,860 |
Source: Ownwell