Godeffroy, New York Property Taxes
The median property tax rate in Godeffroy, NY is 2.82%, 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 Godeffroy at $122,700, the typical annual property tax bill reaches $3,386, exceeding the national median of $2,690. Property taxes in Godeffroy 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 Godeffroy'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 Godeffroy 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
Godeffroy, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.82%
Estimate Property Tax Bill
$3,460
$3,211
Ownwell’s Godeffroy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Godeffroy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Godeffroy 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 Godeffroy, New York
Property taxes in Godeffroy, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Godeffroy is 2.82%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Godeffroy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Godeffroy 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 Godeffroy's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12729 has the highest median property tax rate of 2.82%, while the same zip code also has the lowest median tax rate of 2.82%. Understanding how these areas compare with Godeffroy provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Godeffroy Tax Rate
2.82%
Average Orange County Tax Rate
2.78%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Godeffroy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12729 | 2.69% | 2.75% | 2.82% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Godeffroy, New York
In Godeffroy, 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 Orange County Real Property Tax Service 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 Godeffroy, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The highest and lowest median tax bills in Godeffroy are both $3,386, found in the 12729 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Godeffroy Assessed Value
$122,700
Average Orange County Assessed Value
$278,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Godeffroy, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12729 | $74,400 | $94,350 | $122,700 | $188,900 | $262,250 |
Source: Ownwell
Property Tax Bills Across Godeffroy, New York
In Godeffroy, located in Orange County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price here is $122,700. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property size, location within the county, and improvements made to the property also influence the assessed value. For homeowners in Godeffroy, tax bills can vary significantly. At the 25th percentile, the tax bill is approximately $2,570, while at the 75th percentile, it rises to around $5,140. At the 90th percentile, homeowners may see tax bills as high as $7,360. These figures highlight the variability and potential financial impact on residents. Comparatively, the national median property tax rate is 0.99%, making Godeffroy's rates notably higher. This can affect homeowners by increasing the overall cost of homeownership, influencing decisions on purchasing, selling, or renovating properties in the area.
Average Godeffroy Tax Bill
$3,386
Average Orange County Tax Bill
$7,888
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Godeffroy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12729 | $2,011 | $2,570 | $3,386 | $5,140 | $7,360 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Orange Assessment Review Commission | |
| Website | gis.orangecountygov.com |