Macedon, New York Property Taxes
The median property tax rate in Macedon, NY is 3.24%, 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 Macedon at $198,900, the typical annual property tax bill reaches $6,469, exceeding the national median of $2,690. Property taxes in Macedon 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 Macedon'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 Macedon 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
Macedon, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.24%
Estimate Property Tax Bill
$6,444
$6,372
Ownwell’s Macedon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macedon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macedon 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 Macedon, New York
Property taxes in Macedon, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macedon is 3.24%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Macedon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macedon 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 Macedon's effective property tax rate to other counties in New York and the national median. For comparison, the 14502 zip code has the highest median property tax rate of 3.24%, while the same zip code also has the lowest median tax rate of 3.24%. Understanding how these areas compare with Macedon provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macedon Tax Rate
3.24%
Average Wayne County Tax Rate
3.01%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macedon, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14502 | 2.84% | 3.12% | 3.24% | 3.43% | 3.73% |
Source: Ownwell
Property Tax Assessment Values Across Macedon, New York
In Macedon, 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 Wayne 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 Macedon, 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 Macedon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,469 in zip code 14502, while the lowest median tax bill is also $6,469 in the same zip code.
Average Macedon Assessed Value
$198,900
Average Wayne County Assessed Value
$152,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macedon, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14502 | $132,000 | $163,000 | $198,900 | $239,450 | $290,000 |
Source: Ownwell
Property Tax Bills Across Macedon, New York
In Macedon, located in Wayne County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Macedon is $198,900. Property taxes are determined by multiplying the assessed value of the property by the local tax rate. The tax bill can vary significantly depending on the property's assessed value and the specific tax rate applied by local authorities. Homeowners in Macedon can expect to pay a median property tax bill that ranges from $5,155 at the 25th percentile to $9,670 at the 90th percentile. The highest and lowest median tax bills in the area are both recorded at $6,469 in the zip code 14502. These figures are notably higher compared to the national median property tax rate of 0.99%. High property tax bills can significantly impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning.
Average Macedon Tax Bill
$6,469
Average Wayne County Tax Bill
$4,668
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Macedon, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14502 | $4,185 | $5,155 | $6,469 | $8,028 | $9,670 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Wayne Assessment Review Commission | |
| Website | wayne.sdgnys.com |