Interlaken, Seneca County, New York Property Taxes

Name: Property Tax Bills Across Interlaken, Seneca County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Interlaken, NY effective property tax rate: 1.96%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Interlaken, NY home value: $157,358
Median annual Interlaken, NY tax bill: $3,289, $889 higher than the national median property tax bill of $2,400.

How are property taxes in Seneca calculated?

Property taxes in Interlaken, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Interlaken’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Interlaken, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Interlaken, Seneca County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.96%

Estimate Property Tax Bill

$3,084

$2,862

Ownwell’s Interlaken Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Interlaken with just two data points. By entering your property's estimated assessed value, our calculator applies Interlaken’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Seneca County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Interlaken, Seneca County, New York

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide that amount by the total assessed value of all taxable properties within their jurisdiction. This process determines the property tax rate. Although there are votes and laws that influence the setting of these rates and budgets, this is the fundamental annual procedure.

In Interlaken, located in Seneca County, New York, the effective property tax rate can be compared to other cities within the state as well as the median property tax rates across New York and the United States. New York's median property tax rate stands out in comparison to the national median. Understanding these differences can help property owners in Interlaken make informed decisions about appealing their property taxes or seeking exemptions. By doing so, they can potentially reduce their tax burden and ensure they are not overpaying compared to other regions.

Property Tax Rates Across Interlaken, Seneca County, New York

Source: Ownwell

1.96%

2.69%

3.43%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Interlaken Tax Rate

1.96%

Median Effective Seneca County Tax Rate

2.53%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Interlaken, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14847	1.75%	1.88%	1.96%	2.27%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Interlaken, Seneca County, New York

When examining property taxes in Interlaken, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Seneca County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Seneca County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Interlaken. For example, the median home price in Interlaken is $157,358, with tax bills ranging significantly across the county. 14847 has the highest median home price at $157,358.

Property Tax Assessment Values Across Interlaken, Seneca County, New York

Source: Ownwell

$95,667

$165,481

$235,294

Median Interlaken Market Value

$157,358

Median Seneca County Market Value

$129,610

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Interlaken, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14847	$66,988	$103,466	$157,358	$269,706	$459,177

Source: Ownwell

Property Tax Bills Across Interlaken, Seneca County, New York

In Interlaken, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $157,358, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Interlaken can expect a median property tax bill of $3,289, which is above the national median of $2,400. This can place a significant financial burden on homeowners, especially when tax bills range from $2,270 at the 25th percentile to $8,037 at the 90th percentile. Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal services. By analyzing the assessed value and identifying discrepancies or overvaluations, Ownwell can help homeowners challenge their assessments, potentially leading to significant savings. This service ensures that homeowners are not overpaying and are only taxed on a fair property value.

Property Tax Bills Across Interlaken, Seneca County, New York

Source: Ownwell

$2,355

$3,518

$4,680

Median Interlaken Tax Bill

$3,289

Median Seneca County Tax Bill

$3,564

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Interlaken, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14847	$1,355	$2,270	$3,289	$5,282	$8,037

Source: Ownwell