Brockport, New York Property Taxes
The median property tax rate in Brockport, NY is 3.60%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With a median home value of $134,600 in Brockport, the typical annual property tax bill amounts to $4,861, far exceeding the national median of $2,690. Property taxes in Brockport are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brockport'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 Brockport or another part of Orleans County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brockport, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.6%
Estimate Property Tax Bill
$4,846
$4,497
Ownwell’s Brockport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brockport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brockport 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 Orleans County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Brockport, New York
Property taxes in Brockport, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brockport is 3.60%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Brockport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brockport 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 Brockport's effective property tax rate to other counties in New York and the national median. For comparison, the 14420 zip code has the highest median property tax rate of 3.60%, while the 14420 zip code also has the lowest median tax rate of 3.60%. Understanding how these cities compare with Brockport provides valuable insights into the varying tax landscape across Orleans County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brockport Tax Rate
3.60%
Average Orleans County Tax Rate
3.38%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brockport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14420 | 3.51% | 3.55% | 3.60% | 3.63% | 3.66% |
Source: Ownwell
Property Tax Assessment Values Across Brockport, New York
In Brockport, 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 Orleans 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. 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. Being aware of these valuation processes in Brockport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Brockport are both $4,861, found in the 14420 zip code.
Average Brockport Assessed Value
$134,600
Average Orleans County Assessed Value
$108,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brockport, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14420 | $64,000 | $122,600 | $134,600 | $145,400 | $175,400 |
Source: Ownwell
Property Tax Bills Across Brockport, New York
In Brockport, located in Orleans County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors who evaluate the market value of properties. Homeowners in Brockport face property tax bills that vary significantly, with the 25th percentile at $4,470 and the 75th percentile at $5,212. The highest median tax bill in the area is $4,861, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, improvements, and local government budgets. High tax bills can impact homeowners by increasing the cost of homeownership and potentially affecting property values. For those in Brockport, understanding how these elements contribute to their property tax bills is crucial for effective financial planning. The tax burden here is a reflection of the local government's need to fund public services, which can directly influence the quality of life in the community.
Average Brockport Tax Bill
$4,861
Average Orleans County Tax Bill
$3,855
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Brockport, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14420 | $2,557 | $4,470 | $4,861 | $5,212 | $6,191 |
Source: Ownwell