Savannah, New York Property Taxes
The median property tax rate in Savannah, NY is 2.40%, 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 Savannah, the typical annual property tax bill reaches $3,105, exceeding the national median of $2,690. Property taxes in Savannah 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 Savannah'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 Savannah 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
Savannah, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$3,105
$3,070
Ownwell’s Savannah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Savannah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Savannah 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 Savannah, New York
Property taxes in Savannah, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Savannah is 2.40%, significantly higher than the U.S. national median of 0.99%. Local government entities within Savannah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Savannah 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 Savannah's effective property tax rate to other areas in Seneca County and the national median. For comparison, the zip code 13146 has the highest median property tax rate of 2.40%, while the same zip code also has the lowest median tax rate of 2.40%. Understanding how these cities compare with Savannah provides valuable insights into the varying tax landscape across Seneca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Savannah Tax Rate
2.40%
Average Seneca County Tax Rate
2.53%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Savannah, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13146 | 2.39% | 2.40% | 2.40% | 2.42% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Savannah, New York
In Savannah, 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 Seneca 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 Savannah, 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 Savannah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Savannah is $3,105 in the 13146 zip code.
Average Savannah Assessed Value
$129,368
Average Seneca County Assessed Value
$129,610
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Savannah, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13146 | $51,621 | $86,105 | $129,368 | $142,106 | $163,158 |
Source: Ownwell
Property Tax Bills Across Savannah, New York
In Savannah, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $129,368. Property taxes are then applied to this assessed value using the local tax rate. For homeowners in Savannah, the property tax bill can vary significantly. The 25th percentile tax bill is around $2,079, while the 75th percentile tax bill reaches up to $3,407. At the 90th percentile, homeowners might see tax bills as high as $3,906. Several factors influence these variations, including property size, location, and any applicable exemptions. Homeowners in the zip code 13146, for instance, face the highest median tax bill of $3,105. Compared to the national median property tax rate of 0.99%, Savannah's property tax rates can place a considerable financial burden on homeowners. Understanding how these factors interplay helps homeowners better anticipate their annual tax obligations and plan accordingly.
Average Savannah Tax Bill
$3,105
Average Seneca County Tax Bill
$3,564
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Savannah, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13146 | $1,262 | $2,079 | $3,105 | $3,407 | $3,906 |
Source: Ownwell