Campbell, New York Property Taxes
The median property tax rate in Campbell, NY is 2.77%, 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 Campbell, the typical annual property tax bill reaches $3,095, exceeding the national median of $2,690. Property taxes in Campbell 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 Campbell'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 Campbell 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
Campbell, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.77%
Estimate Property Tax Bill
$3,167
$2,939
Ownwell’s Campbell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Campbell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Campbell 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 Campbell, New York
Property taxes in Campbell, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Campbell is 2.77%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Campbell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Campbell 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 Campbell's effective property tax rate to other counties in New York and the national median. For comparison, the 14821 zip code has the highest median property tax rate of 2.77%, while the same zip code also has the lowest median tax rate of 2.77%. Understanding how these cities compare with Campbell 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 Campbell Tax Rate
2.77%
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 Campbell, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14821 | 2.56% | 2.77% | 2.77% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Campbell, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Campbell, NY. 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 Campbell, 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 Campbell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Campbell is $114,322, with the highest median tax bill recorded at $3,095 in the 14821 zip code.
Average Campbell Assessed Value
$114,322
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 Campbell, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14821 | $51,036 | $79,844 | $114,322 | $167,656 | $241,256 |
Source: Ownwell
Property Tax Bills Across Campbell, New York
Property tax bills in Campbell, located in Steuben County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made. In Campbell, the median home price is $114,322, resulting in varying tax bills across different percentiles. For instance, the 25th percentile tax bill is $2,120, while the 75th percentile tax bill reaches $4,532, and the 90th percentile tax bill can go up to $6,485. These property taxes significantly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Campbell's rates highlight the importance of understanding local property tax calculations to manage homeownership costs effectively.
Average Campbell Tax Bill
$3,095
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 Campbell, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14821 | $1,249 | $2,120 | $3,095 | $4,532 | $6,485 |
Source: Ownwell