Phelps, Seneca County, New York Property Taxes

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

Median Phelps, NY effective property tax rate: 2.62%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Phelps, NY home value: $121,650
Median annual Phelps, NY tax bill: $3,245, $845 higher than the national median property tax bill of $2,400.

How are property taxes in Seneca calculated?

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

Last Updated March 1, 2025

Phelps, Seneca County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.62%

Estimate Property Tax Bill

$3,187

$2,958

Ownwell’s Phelps Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Phelps with just two data points.

By entering your property's estimated assessed value, our calculator applies Phelps’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 Phelps, Seneca County, New York

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services and divides it by the total assessed value of all taxable property within its jurisdiction, resulting in the property tax rate. Although there are votes and laws involved in determining these rates and budgets, this is the annual process in a nutshell.

Phelps in Ontario County, NY, stands out with its effective property tax rate. Compared to other cities in New York and across the nation, Phelps's rate is notably higher than the national median property tax rate of 1.02%. This difference highlights the importance of understanding local property tax dynamics and their impact on homeowners. By comparing Phelps's property tax rate to the median rates in New York and the U.S., homeowners can gain valuable insights into how their property taxes measure up and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Phelps, 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 Phelps Tax Rate

2.62%

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 Phelps, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14532	2.27%	2.59%	2.62%	2.94%	3.03%

Source: Ownwell

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

When examining property taxes in Phelps, 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.

In Seneca County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Phelps. For example, the median home price in Phelps is $121,650, with tax bills ranging significantly across the county. The 14532 zip code has the highest median home price at $121,650.

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

Source: Ownwell

$95,667

$165,481

$235,294

Median Phelps Market Value

$121,650

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 Phelps, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14532	$43,010	$75,438	$121,650	$189,433	$229,381

Source: Ownwell

Property Tax Bills Across Phelps, Seneca County, New York

In Phelps, located in Seneca County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in this area is $121,650, and the property tax bill for homeowners can vary significantly. For instance, the tax bill at the 25th percentile is $2,161, while at the 75th percentile, it rises to $4,946, and at the 90th percentile, it reaches $5,856. This is notably higher than the national median property tax bill of $2,400. The local tax rate is influenced by budgetary needs for public services such as schools and infrastructure. Homeowners in Phelps may find their tax bills burdensome, especially when compared to the national median property tax rate of 1.02%. Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging expertise in local tax laws and assessment procedures, Ownwell helps homeowners potentially lower their tax obligations, offering financial relief and ensuring fair property tax assessments.

Property Tax Bills Across Phelps, Seneca County, New York

Source: Ownwell

$2,355

$3,518

$4,680

Median Phelps Tax Bill

$3,245

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 Phelps, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14532	$1,478	$2,161	$3,245	$4,946	$5,856

Source: Ownwell