Alfred Station, New York Property Taxes
The median property tax rate in Alfred Station, NY is 3.25%, 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 Alfred Station at $107,778, the typical annual property tax bill reaches $3,498, exceeding the national median of $2,690. Property taxes in Alfred Station 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 Alfred Station'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 Alfred Station or another part of Steuben County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alfred Station, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.25%
Estimate Property Tax Bill
$3,503
$3,250
Ownwell’s Alfred Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alfred Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alfred Station 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 Alfred Station, New York
Property taxes in Alfred Station, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alfred Station is 3.25%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Alfred Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alfred Station 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 Alfred Station's effective property tax rate to other counties in New York and the national median. For comparison, the 14803 zip code has the highest median property tax rate of 3.25%, while the 14803 zip code also has the lowest median tax rate of 3.25%. Understanding how these cities compare with Alfred Station provides valuable insights into the varying tax landscape across Steuben County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alfred Station Tax Rate
3.25%
Average Steuben County Tax Rate
2.84%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alfred Station, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14803 | 2.64% | 2.64% | 3.25% | 3.25% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Alfred Station, New York
In Alfred Station, 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 Steuben 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 Alfred Station, 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. The highest median tax bill in Alfred Station is $3,498, found in the 14803 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Alfred Station, New York
Source: Ownwell
$64,592
$212,096
$359,600
Average Alfred Station Assessed Value
$107,778
Average Steuben County Assessed Value
$102,326
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alfred Station, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14803 | $44,377 | $74,444 | $107,778 | $154,184 | $167,444 |
Source: Ownwell
Property Tax Bills Across Alfred Station, New York
In Alfred Station, located in Steuben County, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. The tax rate is set by local taxing authorities and can vary depending on the needs of the community and budgetary requirements. For homeowners, the median home price in Alfred Station is $107,778. Property tax bills can vary significantly, with the 25th percentile tax bill being $2,417 and the 75th percentile reaching $4,724. The 90th percentile tax bill goes as high as $5,154. These figures highlight the impact of property taxes on homeowners, as they can represent a substantial annual expense. Compared to the national median property tax rate of 0.99%, Alfred Station's tax rates can result in higher tax bills, reflecting the local fiscal policies and community needs. This underscores the importance for homeowners to understand how their property taxes are calculated and to explore potential avenues for tax appeal or exemption.
Average Alfred Station Tax Bill
$3,498
Average Steuben County Tax Bill
$2,992
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Alfred Station, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14803 | $1,430 | $2,417 | $3,498 | $4,724 | $5,154 |
Source: Ownwell