Barton, New York Property Taxes
The median property tax rate in Barton, NY is 2.32%, 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 Barton, the typical annual property tax bill reaches $2,587, slightly below the national median of $2,690. Property taxes in Barton 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 Barton'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 Barton 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
Barton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$2,742
$2,544
Ownwell’s Barton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Barton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in trends on a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Barton, New York
Property taxes in Barton, 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 Barton is 2.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Barton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barton 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 Barton's effective property tax rate to other counties in New York and the national median. For comparison, the 13734 zip code has the highest median property tax rate of 2.32%, while the same zip code also has the lowest median tax rate of 2.32%. Understanding how these cities compare with Barton provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barton Tax Rate
2.32%
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 Barton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13734 | 1.97% | 2.17% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Barton, New York
In Barton, 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 Tioga 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 Barton, 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 Barton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13734, with a tax bill of $2,587.
Average Barton Assessed Value
$118,182
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 Barton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13734 | $43,636 | $72,727 | $118,182 | $163,636 | $229,091 |
Source: Ownwell
Property Tax Bills Across Barton, New York
In Barton, NY, property tax bills are calculated based on the assessed value of a property and the tax rate set by local taxing authorities. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. Homeowners in Barton face varying tax bills depending on their property's value and the specific tax rate applied. For instance, the median home price in Barton is $118,182. Property tax bills can range significantly, with the 25th percentile at $1,594 and the 75th percentile at $3,707. The 90th percentile tax bill can go up to $5,124. These figures indicate that while some homeowners pay relatively modest taxes, others face substantially higher bills. Comparatively, the national median property tax rate is 0.99%, highlighting how Barton's tax rates and property values can affect the overall tax burden on homeowners. Understanding these factors is crucial for homeowners to anticipate their annual property tax expenses and budget accordingly.
Average Barton Tax Bill
$2,587
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 Barton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13734 | $927 | $1,594 | $2,587 | $3,707 | $5,124 |
Source: Ownwell