Oneonta, New York Property Taxes
The median property tax rate in Oneonta, NY is 0.79%, which is notably lower than the national median of 0.99% and the New York state median of 2.39%. With the median home value in Oneonta at $146,978, the typical annual property tax bill amounts to $1,288, falling below the national median of $2,690. Property taxes in Oneonta are calculated based on the tax assessed value, often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Oneonta'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 Oneonta 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
Oneonta, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,161
$1,077
Ownwell’s Oneonta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oneonta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oneonta 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 Oneonta, New York
Property taxes in Oneonta, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Oneonta is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Oneonta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oneonta 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 Oneonta's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13820 has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Oneonta provides valuable insights into the varying tax landscape across Otsego County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oneonta Tax Rate
0.79%
Average Otsego County Tax Rate
0.66%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oneonta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13820 | 0.64% | 0.78% | 0.79% | 0.81% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Oneonta, New York
In Oneonta, 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 Otsego 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 Oneonta, 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 Oneonta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Oneonta is $146,978, with the 25th percentile tax bill at $960 and the 75th percentile tax bill at $1,774. The highest and lowest median tax bills are both $1,288 in the 13820 zip code.
Average Oneonta Assessed Value
$146,978
Average Otsego County Assessed Value
$130,728
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oneonta, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13820 | $88,716 | $117,391 | $146,978 | $191,364 | $256,493 |
Source: Ownwell
Property Tax Bills Across Oneonta, New York
In Oneonta, located in Otsego County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For example, the median home price in Oneonta is $146,978. Homeowners in Oneonta experience varying tax bills depending on their property's assessed value. The tax bill for the 25th percentile is around $960, while homeowners in the 75th percentile pay approximately $1,774. Those in the 90th percentile can expect a tax bill of about $2,456. The median tax bill in the area is $1,288, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services, significantly impacting homeowners' annual expenses.
Average Oneonta Tax Bill
$1,288
Average Otsego County Tax Bill
$1,051
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Oneonta, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13820 | $664 | $960 | $1,288 | $1,774 | $2,456 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Otsego Assessment Review Commission | |
| Website | otsegocountygis.mapxpress.net |