Holley, Orleans County, New York Property Taxes
The median property tax rate in Holley, NY, is 3.55%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Holley at $121,800, the typical annual property tax bill reaches $4,738, far exceeding the national median of $2,690. Property taxes in Holley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Holley'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 Holley 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
Holley, Orleans County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$4,324
$4,012
Ownwell’s Holley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holley 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 Holley, Orleans County, New York
Property taxes in Holley, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holley is 3.55%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Holley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holley 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 Holley's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14470 has both the highest and lowest median property tax rate of 3.55%. Understanding how these cities compare with Holley 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 Holley Tax Rate
3.55%
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 Holley, Orleans County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14470 | 3.00% | 3.28% | 3.55% | 3.87% | 4.68% |
Source: Ownwell
Property Tax Assessment Values Across Holley, Orleans County, New York
In Holley, 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 Holley, 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 Holley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Holley’s zip code 14470 is $4,738, while the lowest is also $4,738, reflecting a uniform tax burden across the area.
Property Tax Assessment Values Across Holley, Orleans County, New York
Source: Ownwell
$76,000
$115,400
$154,800
Average Holley Assessed Value
$121,800
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 Holley, Orleans County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14470 | $31,100 | $88,500 | $121,800 | $163,200 | $215,000 |
Source: Ownwell
Property Tax Bills Across Holley, Orleans County, New York
In the city of Holley, 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 the local assessor and represents a percentage of the property's market value. For example, with a median home price of $121,800, the assessed value serves as the basis for calculating the tax bill. Several factors influence the final tax bill, including local government budgets, school district funding needs, and other municipal services. In Holley, the median property tax bill is $4,738, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $3,252, while those in the 75th percentile may see bills as high as $5,786. For the top 10% of property values, tax bills can reach up to $7,342. These property taxes fund essential services like public education, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Holley Tax Bill
$4,738
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 Holley, Orleans County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14470 | $1,100 | $3,252 | $4,738 | $5,786 | $7,342 |
Source: Ownwell