Greenwood, Steuben County, New York Property Taxes

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

Median Greenwood, NY effective property tax rate: 2.67%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Greenwood, NY home value: $86,650
Median annual Greenwood, NY tax bill: $2,306, $94 lower than the national median property tax bill of $2,400.

How are property taxes in Steuben calculated?

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

Last Updated March 1, 2025

Greenwood, Steuben County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.67%

Estimate Property Tax Bill

$2,314

$2,147

Ownwell’s Greenwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenwood with just two data points. By entering your property's estimated assessed value, our calculator applies Greenwood’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 Steuben County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenwood, Steuben County, New York

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each year, counties estimate their necessary budget to provide services and then divide that by the total assessed value of all taxable property within their jurisdiction. This process determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.

In Greenwood, located in Steuben County, NY, the effective property tax rate stands out when compared to other cities in New York and the national average. The median property tax rate in New York is 1.68%, which is higher than the national median of 1.02%. However, Greenwood's rate is significantly higher, reflecting the unique budgetary needs and property values in the area. This highlights the importance of understanding local tax rates and their impact on property owners. By comparing Greenwood's rate to other areas, property owners can better plan and manage their tax liabilities, ensuring they are not overpaying and are taking advantage of any available exemptions or appeals.

Property Tax Rates Across Greenwood, Steuben County, New York

Source: Ownwell

1.65%

2.65%

3.64%

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 Greenwood Tax Rate

2.67%

Median Effective Steuben County Tax Rate

2.84%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenwood, Steuben County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14839	2.20%	2.54%	2.67%	2.79%	2.81%

Source: Ownwell

Property Tax Assessment Values Across Greenwood, Steuben County, New York

When examining property taxes in Greenwood, 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 Steuben 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 Steuben County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Greenwood.

For example, the median home price in Greenwood is $86,650, with tax bills ranging significantly across the county. 14839 has the highest median home price at $86,650.

Property Tax Assessment Values Across Greenwood, Steuben County, New York

Source: Ownwell

$72,993

$216,297

$359,600

Median Greenwood Market Value

$86,650

Median Steuben County Market Value

$102,326

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenwood, Steuben County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14839	$30,120	$55,600	$86,650	$143,125	$250,570

Source: Ownwell

Property Tax Bills Across Greenwood, Steuben County, New York

In Greenwood, located in Steuben County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Greenwood is $86,650, and the tax bill can vary significantly based on the property's assessed value. For example, the 25th percentile tax bill is $1,494, while the 90th percentile reaches $6,023. This variation is due to differences in property values and the specific tax rate applied. Compared to the national median property tax bill of $2,400, Greenwood's tax bills can be competitive, especially at the lower end. However, for homeowners facing higher tax bills, these costs can be burdensome. Homeowners can benefit from appealing their property tax assessments to potentially lower their tax burden. Ownwell offers expert services to help homeowners navigate this process, ensuring that their property is fairly assessed and they pay only what is necessary. By leveraging Ownwell's expertise, homeowners can save significantly on their property tax bills, providing financial relief and peace of mind.

Property Tax Bills Across Greenwood, Steuben County, New York

Source: Ownwell

$1,758

$4,662

$7,565

Median Greenwood Tax Bill

$2,306

Median Steuben County Tax Bill

$2,992

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenwood, Steuben County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14839	$775	$1,494	$2,306	$3,719	$6,023

Source: Ownwell

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Dates

Links
Steuben Assessment Review Commission
Website	imo.steubencountyny.gov