Romulus, Seneca County, New York Property Taxes

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

Median ROMULUS, NY effective property tax rate: 2.06%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median ROMULUS, NY home value: $225,028
Median annual ROMULUS, NY tax bill: $4,567, $2,167 higher than the national median property tax bill of $2,400.

How are property taxes in Seneca calculated?

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

Last Updated March 1, 2025

Romulus, Seneca County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.06%

Estimate Property Tax Bill

$4,636

$4,302

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

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

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

Romulus in Seneca County, NY, has an effective property tax rate of 2.06%, which is significantly higher than the national median of 1.02%. This rate is also the highest in New York, reflecting the county's approach to funding its services. The property tax bill in Romulus can be a considerable expense for homeowners, especially when compared to the national median property tax bill of $2,400. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By doing so, they can potentially reduce their financial burden and ensure they are not overpaying.

Property Tax Rates Across Romulus, 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 Romulus Tax Rate

2.06%

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 Romulus, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14541	1.88%	1.97%	2.06%	2.14%	2.25%

Source: Ownwell

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

When examining property taxes in Romulus, 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 Romulus.

For example, the median home price in Romulus is $225,028, with tax bills ranging significantly across the county. Zip code 14541 has the highest median home price at $225,028.

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

Source: Ownwell

$95,667

$165,481

$235,294

Median Romulus Market Value

$225,028

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 Romulus, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14541	$84,052	$138,588	$225,028	$402,124	$535,470

Source: Ownwell

Property Tax Bills Across Romulus, Seneca County, New York

In Romulus, Seneca County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Romulus face a median property tax bill that often exceeds the national median of $2,400. For instance, the tax bill at the 25th percentile is $2,822, while those at the 75th and 90th percentiles are $7,897 and $10,566, respectively. These figures illustrate the significant financial impact property taxes can have on homeowners in the area. Ownwell steps in to assist homeowners by offering property tax appeal services, potentially reducing their tax burden. By analyzing local market data and comparable properties, Ownwell identifies discrepancies in assessed values. This can lead to successful appeals, ensuring homeowners pay only their fair share. Saving on property taxes not only eases financial strain but also increases the overall value of homeownership in Romulus.

Property Tax Bills Across Romulus, Seneca County, New York

Source: Ownwell

$2,355

$3,518

$4,680

Median Romulus Tax Bill

$4,567

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 Romulus, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14541	$1,731	$2,822	$4,567	$7,897	$10,566

Source: Ownwell