Bernhards Bay, New York Property Taxes
The median property tax rate in Bernhards Bay, NY is 2.80%, 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 Bernhards Bay at $111,139, the typical annual property tax bill reaches $3,210, surpassing the national median of $2,690. Property taxes in Bernhards Bay are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bernhards Bay'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 Bernhards Bay 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
Bernhards Bay, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$3,112
$2,888
Ownwell’s Bernhards Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bernhards Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bernhards Bay 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 Bernhards Bay, New York
Property taxes in Bernhards Bay, 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 Bernhards Bay is 2.80%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bernhards Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bernhards Bay 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 Bernhards Bay's effective property tax rate to other counties in New York and the national median. For comparison, the 13028 zip code has the highest median property tax rate of 2.80%, while the same zip code also has the lowest median tax rate of 2.80%. Understanding how these figures compare with Bernhards Bay provides valuable insights into the varying tax landscape across Oswego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bernhards Bay Tax Rate
2.80%
Average Oswego County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bernhards Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13028 | 2.64% | 2.74% | 2.80% | 3.06% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Bernhards Bay, New York
In Bernhards Bay, 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 Oswego 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 Bernhards Bay, 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 Bernhards Bay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $111,139, with tax bills ranging from $2,023 at the 25th percentile to $7,018 at the 90th percentile. The highest and lowest median tax bills are both $3,210 in zip code 13028.
Average Bernhards Bay Assessed Value
$111,139
Average Oswego County Assessed Value
$108,696
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bernhards Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13028 | $41,266 | $69,560 | $111,139 | $173,102 | $244,810 |
Source: Ownwell
Property Tax Bills Across Bernhards Bay, New York
In Bernhards Bay, located in Oswego County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For instance, with a median home price of $111,139, homeowners can expect their tax bills to vary significantly. The tax bill is influenced by several factors, including the property's assessed value, any applicable exemptions, and the local tax rate. In Bernhards Bay, property tax bills range widely, from the 25th percentile at $2,023 to the 90th percentile reaching $7,018. This variation demonstrates how different factors can impact the final amount owed. Homeowners in Bernhards Bay face a median tax bill of $3,210, which is notably higher than the national median property tax rate of 0.99%. This higher tax burden can affect homeowners' financial planning and overall cost of living, making it essential for them to understand how their property tax bills are determined.
Average Bernhards Bay Tax Bill
$3,210
Average Oswego County Tax Bill
$3,405
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Bernhards Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13028 | $1,208 | $2,023 | $3,210 | $4,999 | $7,018 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Oswego Assessment Review Commission | |
| Website | oswegogis.maps.arcgis.com |