Coopers Plains, New York Property Taxes
The median property tax rate in Coopers Plains, NY is 3.29%, 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 Coopers Plains at $75,789, the typical annual property tax bill reaches $2,318, which is below the national median of $2,690. Property taxes in Coopers Plains 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 Coopers Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Coopers Plains 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
Coopers Plains, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.29%
Estimate Property Tax Bill
$2,493
$2,465
Ownwell’s Coopers Plains Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coopers Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coopers Plains 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 Coopers Plains, New York
Property taxes in Coopers Plains, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coopers Plains is 3.29%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Coopers Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coopers Plains 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 Coopers Plains' effective property tax rate to other counties in New York and the national median. For comparison, the 14827 zip code has the highest median property tax rate of 3.29%, while the same zip code also has the lowest median tax rate of 3.29%. Understanding how these cities compare with Coopers Plains 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 Coopers Plains Tax Rate
3.29%
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 Coopers Plains, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14827 | 2.48% | 3.07% | 3.29% | 3.29% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Coopers Plains, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coopers Plains, New York. 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 Coopers Plains, 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 median home price in Coopers Plains is $75,789, with the median tax bill ranging from $1,385 at the 25th percentile to $3,260 at the 90th percentile. The highest and lowest median tax bills are both $2,318, found in zip code 14827. 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 Coopers Plains, New York
Source: Ownwell
$64,592
$212,096
$359,600
Average Coopers Plains Assessed Value
$75,789
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 Coopers Plains, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14827 | $38,947 | $56,842 | $75,789 | $92,632 | $105,684 |
Source: Ownwell
Property Tax Bills Across Coopers Plains, New York
In Coopers Plains, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Steuben County, where Coopers Plains is located, the median home price is $75,789. The tax bill for this median home typically falls between $1,385 at the 25th percentile and $2,596 at the 75th percentile, with the 90th percentile reaching up to $3,260. Several factors influence the final tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or deductions. For instance, homeowners in the zip code 14827 experience a median tax bill of $2,318. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding how these elements interplay can help homeowners better anticipate their annual expenses and plan accordingly.
Average Coopers Plains Tax Bill
$2,318
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 Coopers Plains, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14827 | $717 | $1,385 | $2,318 | $2,596 | $3,260 |
Source: Ownwell