Waterloo, Seneca County, New York Property Taxes

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

Median Waterloo, NY effective property tax rate: 2.77%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Waterloo, NY home value: $103,724
Median annual Waterloo, NY tax bill: $3,323, $923 higher than the national median property tax bill of $2,400.

How are property taxes in Seneca calculated?

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

Last Updated March 1, 2025

Waterloo, Seneca County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.77%

Estimate Property Tax Bill

$2,873

$2,666

Ownwell’s Waterloo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterloo with just two data points. By entering your property's estimated assessed value, our calculator applies Waterloo’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 Waterloo, Seneca County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Waterloo’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Property Tax Rates Across Waterloo, 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 Waterloo Tax Rate

2.77%

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 Waterloo, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13165	2.32%	2.43%	2.77%	3.75%	3.77%

Source: Ownwell

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

When examining property taxes in Waterloo, 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 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 Waterloo. For example, the median home price in Waterloo is $103,724, with tax bills ranging significantly across the county. Zip code 13165 has the highest median home price at $103,724.

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

Source: Ownwell

$95,667

$165,481

$235,294

Median Waterloo Market Value

$103,724

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 Waterloo, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13165	$58,763	$79,972	$103,724	$145,570	$200,832

Source: Ownwell

Property Tax Bills Across Waterloo, Seneca County, New York

In Waterloo, Seneca County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the final bill. Factors such as local government budgets and school district funding needs influence the tax rate, which can vary annually. For homeowners in Waterloo, the median tax bill is notably higher than the national median, with figures ranging from $2,514 at the 25th percentile to $5,784 at the 90th percentile. This can significantly impact household budgets, especially given that the median home price is $103,724. Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners potentially reduce their tax bills. This not only alleviates financial pressure but also ensures that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Waterloo, Seneca County, New York

Source: Ownwell

$2,355

$3,518

$4,680

Median Waterloo Tax Bill

$3,323

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 Waterloo, Seneca County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13165	$1,520	$2,514	$3,323	$4,267	$5,784

Source: Ownwell