Lyndonville, Orleans County, New York Property Taxes
The median property tax rate in Lyndonville, NY is 3.05%, 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 Lyndonville at $111,000, the typical annual property tax bill reaches $3,736, exceeding the national median of $2,690. Property taxes in Lyndonville 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 Lyndonville'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 Lyndonville 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
Lyndonville, Orleans County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.05%
Estimate Property Tax Bill
$3,386
$3,142
Ownwell’s Lyndonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyndonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyndonville 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 Lyndonville, Orleans County, New York
Property taxes in Lyndonville, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyndonville is 3.05%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Lyndonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyndonville 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 Lyndonville's effective property tax rate to other areas in Orleans County and the national median. For comparison, the zip code 14098 has both the highest and lowest median property tax rate of 3.05%. Understanding how these areas compare with Lyndonville 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 Lyndonville Tax Rate
3.05%
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 Lyndonville, Orleans County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14098 | 2.76% | 2.92% | 3.05% | 3.55% | 4.26% |
Source: Ownwell
Property Tax Assessment Values Across Lyndonville, Orleans County, New York
In Lyndonville, 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 Lyndonville, 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 Lyndonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lyndonville is $111,000, with the highest median tax bill in zip code 14098 being $3736.
Property Tax Assessment Values Across Lyndonville, Orleans County, New York
Source: Ownwell
$76,000
$115,400
$154,800
Average Lyndonville Assessed Value
$111,000
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 Lyndonville, Orleans County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14098 | $52,140 | $79,900 | $111,000 | $161,700 | $235,280 |
Source: Ownwell
Property Tax Bills Across Lyndonville, Orleans County, New York
In Lyndonville, located in Orleans County, NY, property tax bills are calculated based on the assessed value of a home combined with the local tax rate. Homeowners in this area experience property tax rates that are influenced by both the market value of their property and the specific needs of the local government for funding public services such as schools, infrastructure, and emergency services. For a median home price of $111,000, property tax bills can vary significantly. At the 25th percentile, homeowners might see tax bills around $2,685, while those at the 75th percentile could face bills as high as $4,953. The top 10% of tax bills in the area can reach up to $6,776. Compared to the national median property tax rate of 0.99%, the rates in Lyndonville can result in relatively high property tax bills, reflecting the region's specific fiscal requirements. These taxes can significantly impact homeowners' annual budgets, making it crucial for them to understand how their property is assessed and how local tax rates are applied.
Average Lyndonville Tax Bill
$3,736
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 Lyndonville, Orleans County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14098 | $1,751 | $2,685 | $3,736 | $4,953 | $6,776 |
Source: Ownwell