Kent, New York Property Taxes
The median property tax rate in Kent, New York is 2.85%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Kent, the typical annual property tax bill reaches $3,970, surpassing the national median of $2,690. Property taxes in Kent are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kent'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 Kent 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
Kent, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$4,037
$3,746
Ownwell’s Kent Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kent with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kent 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 Kent, New York
Property taxes in Kent, 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 Kent is 1.71%, significantly higher than both the New York state median of 1.38% and the U.S. national median of 0.99%. Local government entities within Kent set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kent 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 Kent's effective property tax rate to other counties in New York and the national median. For comparison, 10512 has the highest median property tax rate of 1.71%, while 10512 also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Kent provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kent Tax Rate
2.85%
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 Kent, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14477 | 2.64% | 2.76% | 2.85% | 2.98% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Kent, New York
In Kent, 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 local 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 Kent, 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 Kent helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kent Assessed Value
$141,650
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 Kent, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14477 | $65,930 | $100,000 | $141,650 | $197,300 | $268,540 |
Source: Ownwell
Property Tax Bills Across Kent, New York
In Kent, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. Homeowners in Kent can expect to pay a median property tax bill that varies significantly depending on their property's assessed value. For instance, the tax bill at the 25th percentile is around $2,896, while at the 75th percentile, it's approximately $5,475. Those at the 90th percentile face even higher bills, averaging $7,144. Comparatively, the national median property tax rate is 0.99%, which provides context for understanding local rates. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and household budgets. Conversely, these taxes fund essential community services, such as schools, public safety, and infrastructure.
Average Kent Tax Bill
$3,970
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 Kent, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14477 | $1,951 | $2,896 | $3,970 | $5,475 | $7,144 |
Source: Ownwell