Nichols, Tioga County, New York Property Taxes

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

Median Nichols, NY effective property tax rate: 2.24%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Nichols, NY home value: $95,000
Median annual Nichols, NY tax bill: $2,248, $152 lower than the national median property tax bill of $2,400.

How are property taxes in Tioga calculated?

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

Last Updated March 1, 2025

Nichols, Tioga County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.24%

Estimate Property Tax Bill

$2,128

$1,975

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

Property Tax Rates Across Nichols, Tioga County, New York

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Nichols’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Nichols, located in Tioga County, has a median property tax rate of 2.24%. This rate is significantly higher than the national median property tax rate of 1.02%. It is also noteworthy that Nichols shares the highest and lowest median tax rates within its zip code, 13812, with no variation. This means property owners in Nichols face a property tax bill that is more than double the national median of $2,400, underscoring the importance of understanding local property tax dynamics.

Property Tax Rates Across Nichols, Tioga County, New York

Source: Ownwell

1.74%

2.83%

3.92%

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 Nichols Tax Rate

2.24%

Median Effective Tioga County Tax Rate

3.13%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Nichols, Tioga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13812	2.24%	2.24%	2.24%	2.30%	2.99%

Source: Ownwell

Property Tax Assessment Values Across Nichols, Tioga County, New York

When examining property taxes in Nichols, 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 Tioga 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. In Tioga County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Nichols. For example, the median home price in Nichols is $95,000, with tax bills ranging significantly across the county. Zip code 13812 has the highest median home price at $95,000.

Property Tax Assessment Values Across Nichols, Tioga County, New York

Source: Ownwell

$72,120

$116,544

$160,968

Median Nichols Market Value

$95,000

Median Tioga County Market Value

$119,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Nichols, Tioga County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13812	$40,984	$68,852	$95,000	$122,951	$157,746

Source: Ownwell

Property Tax Bills Across Nichols, Tioga County, New York

In Nichols, located in Tioga County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in Nichols experience a range of property tax bills, with the 25th percentile paying around $1,594, while those in the 75th percentile face bills of approximately $2,982. At the 90th percentile, tax bills can reach up to $3,894. Comparatively, the national median property tax bill is $2,400, highlighting that many Nichols homeowners pay above the national average.

High property tax bills can be burdensome for homeowners, impacting their overall financial well-being. This is where Ownwell can make a significant difference. By offering property tax appeal and exemption services, Ownwell helps homeowners challenge their assessed values, potentially lowering their tax bills. With expert guidance, homeowners can secure savings and alleviate the financial strain of high property taxes, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Nichols, Tioga County, New York

Source: Ownwell

$1,593

$3,852

$6,110

Median Nichols Tax Bill

$2,248

Median Tioga County Tax Bill

$3,510

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Nichols, Tioga County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13812	$932	$1,594	$2,248	$2,982	$3,894

Source: Ownwell