Byron, New York Property Taxes
The median property tax rate in Byron, NY, is 3.68%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $146,600 in Byron, the typical annual property tax bill reaches $5,525, far exceeding the national median of $2,690. Property taxes in Byron are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Byron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Byron or another part of Orleans County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Byron, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.68%
Estimate Property Tax Bill
$5,395
$5,334
Ownwell’s Byron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byron 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 Byron, New York
Property taxes in Byron, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byron is 3.68%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Byron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byron 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 Byron's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14422 has the highest median property tax rate of 3.68%, while the same zip code also has the lowest median tax rate of 3.68%. Understanding how these cities compare with Byron 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 Byron Tax Rate
3.68%
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 Byron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14422 | 3.25% | 3.37% | 3.68% | 3.76% | 3.89% |
Source: Ownwell
Property Tax Assessment Values Across Byron, New York
In Byron, 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. In Byron, 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 Byron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $5,525, found in zip code 14422, which also has the lowest median tax bill at the same value.
Average Byron Assessed Value
$146,600
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 Byron, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14422 | $117,900 | $127,350 | $146,600 | $201,200 | $275,000 |
Source: Ownwell
Property Tax Bills Across Byron, New York
In Byron, NY, property tax bills are determined based on the assessed value of a home, which is derived from the market value. The local tax rate is applied to this assessed value to calculate the tax bill. For instance, with a median home price of $146,600, homeowners can expect varying tax bills depending on their property's specific assessment and applicable exemptions. Factors influencing the tax bill include the property's location within the county, the local tax rate, and any applicable exemptions or abatements. In Orleans County, where Byron is located, the tax bills can range significantly. At the 25th percentile, homeowners might pay around $4,721, while at the 75th percentile, the bill could rise to $6,920. For those in the 90th percentile, it can reach up to $9,089. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. However, they also represent a significant financial obligation for homeowners, affecting their overall cost of living and financial planning.
Average Byron Tax Bill
$5,525
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 Byron, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14422 | $4,583 | $4,721 | $5,525 | $6,920 | $9,089 |
Source: Ownwell