Avoca, New York Property Taxes
The median property tax rate in Avoca, NY is 2.55%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $78,947 in Avoca, the typical annual property tax bill is $2,213, which is below the national median of $2,690. Property taxes in Avoca are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Avoca'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 Avoca 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
Avoca, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.55%
Estimate Property Tax Bill
$2,013
$1,868
Ownwell’s Avoca Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Avoca with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Avoca 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 Avoca, New York
Property taxes in Avoca, 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 Avoca is 2.55%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Avoca set these rates annually, and they can vary significantly across different neighborhoods. Each year, Avoca 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 Avoca's effective property tax rate to other counties in New York and the national median. For comparison, the 14809 zip code has the highest median property tax rate of 2.55%, while the same zip code also has the lowest median tax rate of 2.55%. Understanding how these cities compare with Avoca 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 Avoca Tax Rate
2.55%
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 Avoca, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14809 | 2.18% | 2.48% | 2.55% | 3.44% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Avoca, New York
In Avoca, 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 Avoca, 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 Avoca helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,213 in the 14809 zip code, which is also the lowest median tax bill, offering a consistent benchmark for the region.
Average Avoca Assessed Value
$78,947
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 Avoca, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14809 | $30,526 | $49,053 | $78,947 | $116,000 | $182,851 |
Source: Ownwell
Property Tax Bills Across Avoca, New York
In Avoca, Steuben County, NY, property tax bills are a significant consideration for homeowners. The tax bill is determined by the assessed value of the property, which is a percentage of the market value, and the local tax rate. For instance, with a median home price of $78,947, homeowners face varying tax bills depending on their property’s assessed value and the specific tax rate applied by local taxing authorities. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Avoca can expect tax bills ranging from the 25th percentile at $1,357 to the 75th percentile at $3,220, with the 90th percentile reaching up to $4,543. The highest and lowest median tax bills in the area are both $2,213, indicating a consistent tax rate within certain zip codes. These property tax bills impact homeowners by affecting their annual financial planning and the overall affordability of owning a home in Avoca. Compared to the national median property tax rate of 0.99%, the rates in Avoca reflect the local economic conditions and municipal budget requirements.
Average Avoca Tax Bill
$2,213
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 Avoca, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14809 | $793 | $1,357 | $2,213 | $3,220 | $4,543 |
Source: Ownwell