Tioga County, New York Property Taxes
The median property tax rate in Tioga County is 3.13%, which is significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Tioga County at $119,000, the typical annual property tax bill reaches $3,510, exceeding the national median of $2,690. Property taxes in Tioga County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Tioga County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Owego or another part of Tioga County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tioga County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.13%
Estimate Property Tax Bill
$3,725
$3,456
Ownwell’s Tioga County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Tioga County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Tioga County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Tioga County, New York
Property taxes in Tioga County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Tioga County is 3.13%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Tioga County set these rates annually, and they can vary significantly between different areas within the county. Each year, Tioga County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Endicott has one of the higher property tax rates in the region at 3.92%, while the city of Brooktondale boasts one of the lowest at 1.74%. Analyzing how Tioga County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Tioga County Tax Rate
3.13%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tioga County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apalachin | 3.00% | 3.13% | 3.14% | 3.43% | 3.57% |
| Barton | 1.97% | 2.17% | 2.32% | 2.32% | 2.32% |
| Berkshire | 1.70% | 2.42% | 3.06% | 3.46% | 3.46% |
| Brooktondale | 1.57% | 1.74% | 1.74% | 3.11% | 3.42% |
| Candor | 1.96% | 2.77% | 3.37% | 3.69% | 3.69% |
| Endicott | 3.16% | 3.79% | 3.92% | 3.94% | 3.95% |
| Lockwood | 1.98% | 2.41% | 2.44% | 2.44% | 2.79% |
| Newark Valley | 1.82% | 2.50% | 2.94% | 3.24% | 3.24% |
| Nichols | 2.24% | 2.24% | 2.24% | 2.30% | 2.99% |
| Owego | 2.22% | 2.66% | 2.74% | 3.16% | 3.16% |
| Richford | 2.05% | 2.86% | 3.49% | 3.56% | 3.56% |
| Sayre | N/A | N/A | N/A | N/A | N/A |
| Smithboro | N/A | N/A | N/A | N/A | N/A |
| Spencer | 2.94% | 3.15% | 3.18% | 3.18% | 3.18% |
| Tioga Center | N/A | N/A | N/A | N/A | N/A |
| Van Etten | N/A | N/A | N/A | N/A | N/A |
| Waverly | 2.23% | 2.42% | 3.61% | 3.61% | 3.61% |
| Willseyville | 1.66% | 2.59% | 3.27% | 3.69% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across Tioga County, New York
In Tioga County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Tioga County Appraisal District. The assessed value, however, 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. Assessment notices in Tioga County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Tioga County, the highest median tax bill is in Endicott at $6,110, while Smithboro has the lowest at $253. Being aware of these valuation processes in Tioga County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Tioga County Assessed Value
$119,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tioga County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apalachin | $83,387 | $111,774 | $145,161 | $193,065 | $248,387 |
| Barton | $43,636 | $72,727 | $118,182 | $163,636 | $229,091 |
| Berkshire | $33,941 | $59,837 | $97,826 | $144,132 | $218,681 |
| Brooktondale | $33,794 | $48,261 | $72,120 | $113,586 | $138,076 |
| Candor | $39,263 | $71,638 | $104,620 | $153,274 | $219,661 |
| Endicott | $96,806 | $127,096 | $160,968 | $214,274 | $264,129 |
| Lockwood | $42,234 | $68,052 | $114,714 | $168,596 | $235,695 |
| Newark Valley | $37,333 | $70,000 | $108,333 | $141,667 | $198,167 |
| Nichols | $40,984 | $68,852 | $95,000 | $122,951 | $157,746 |
| Owego | $49,190 | $83,654 | $123,592 | $176,009 | $236,364 |
| Richford | $35,500 | $56,522 | $85,217 | $131,957 | $207,609 |
| Sayre | N/A | N/A | N/A | N/A | N/A |
| Smithboro | N/A | N/A | N/A | N/A | N/A |
| Spencer | $38,210 | $74,983 | $115,650 | $154,000 | $208,300 |
| Tioga Center | N/A | N/A | N/A | N/A | N/A |
| Van Etten | N/A | N/A | N/A | N/A | N/A |
| Waverly | $52,725 | $76,431 | $102,044 | $140,599 | $201,318 |
| Willseyville | $31,918 | $54,737 | $96,432 | $132,807 | $192,094 |
Source: Ownwell
Property Tax Bills Across Tioga County, New York
In Tioga County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the home's market value, location, and property characteristics such as size and condition. Homeowners in Tioga County experience a range of property tax bills. For instance, the 25th percentile tax bill is $2,227, while the 75th percentile reaches $5,179, and the 90th percentile can be as high as $7,268. These figures highlight the variability in property tax burdens across the county. Comparatively, the national median property tax rate is 0.99%, and Tioga County's rates can lead to significant differences in annual tax obligations. For example, the highest median tax bill in the county is found in Endicott at $6,110, whereas Smithboro residents enjoy a much lower median tax bill of just $253. This wide range underscores the importance of understanding local property tax assessments and rates for homeowners.
Average Tioga County Tax Bill
$3,510
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Tioga County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Apalachin | $2,599 | $3,568 | $4,720 | $6,363 | $8,240 |
| Barton | $927 | $1,594 | $2,587 | $3,707 | $5,124 |
| Berkshire | $821 | $1,570 | $2,830 | $4,402 | $6,179 |
| Brooktondale | $507 | $815 | $1,593 | $2,869 | $3,639 |
| Candor | $965 | $2,114 | $3,383 | $5,046 | $7,311 |
| Endicott | $3,161 | $4,792 | $6,110 | $8,325 | $10,288 |
| Lockwood | $980 | $1,542 | $2,692 | $4,098 | $5,712 |
| Newark Valley | $943 | $1,809 | $2,970 | $4,181 | $6,031 |
| Nichols | $932 | $1,594 | $2,248 | $2,982 | $3,894 |
| Owego | $1,308 | $2,091 | $3,350 | $4,971 | $6,843 |
| Richford | $1,046 | $1,702 | $2,691 | $4,323 | $6,967 |
| Sayre | N/A | N/A | N/A | N/A | N/A |
| Smithboro | N/A | N/A | N/A | N/A | N/A |
| Spencer | $1,136 | $2,228 | $3,576 | $4,775 | $6,420 |
| Tioga Center | N/A | N/A | N/A | N/A | N/A |
| Van Etten | N/A | N/A | N/A | N/A | N/A |
| Waverly | $1,417 | $2,329 | $3,189 | $4,215 | $5,590 |
| Willseyville | $865 | $1,449 | $2,903 | $4,239 | $6,153 |
Source: Ownwell