Burdett, New York Property Taxes
The median property tax rate in Burdett, NY is 2.03%, 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 Burdett, the typical annual property tax bill reaches $3,756, exceeding the national median of $2,690. Property taxes in Burdett 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 Burdett'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 Burdett 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
Burdett, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$3,573
$3,315
Ownwell’s Burdett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burdett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burdett 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 Burdett, New York
Property taxes in Burdett, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burdett is 2.03%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Burdett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burdett 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 Burdett's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 14818 has the highest median property tax rate of 2.03%, while the same zip code also has the lowest median tax rate of 2.03%. Understanding how these areas compare with Burdett provides valuable insights into the varying tax landscape across Schuyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burdett Tax Rate
2.03%
Average Schuyler County Tax Rate
2.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burdett, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14818 | 1.85% | 2.00% | 2.03% | 2.07% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Burdett, New York
In Burdett, 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 Schuyler 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 Burdett, 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 Burdett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Burdett, the median home price is $176,000, with the highest median tax bill in zip code 14818 at $3,756.
Average Burdett Assessed Value
$176,000
Average Schuyler County Assessed Value
$150,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burdett, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14818 | $60,300 | $118,000 | $176,000 | $277,250 | $425,700 |
Source: Ownwell
Property Tax Bills Across Burdett, New York
In Burdett, 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. For example, with a median home price of $176,000, the property tax rate in Schuyler County significantly influences the final amount homeowners owe. Factors such as property improvements, neighborhood developments, and market conditions can affect the assessed value, leading to variations in tax bills. Homeowners in Burdett can expect their property tax bills to vary widely. The 25th percentile tax bill is $2,501, while those in the 75th percentile face bills around $5,511. At the 90th percentile, tax bills can reach up to $8,481. The highest and lowest median tax bills in the area both stand at $3,756, indicating a consistent tax rate within the specific zip code of 14818. These property taxes play a crucial role in funding local services, impacting the overall cost of homeownership and community development.
Average Burdett Tax Bill
$3,756
Average Schuyler County Tax Bill
$3,536
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Burdett, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14818 | $1,390 | $2,501 | $3,756 | $5,511 | $8,481 |
Source: Ownwell