Newark, Wayne County, New York Property Taxes
Median Newark, NY effective property tax rate: 3.59%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Newark, NY home value: $119,855
Median annual Newark, NY tax bill: $4,016, $1,616 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Newark, 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 Newark’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newark, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newark, Wayne County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.59%
Estimate Property Tax Bill
$4,303
$3,993
Property Tax Rates Across Newark, Wayne County, New York
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 Newark Tax Rate
3.59%
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 Wayne County Tax Rate
3.01%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Newark, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14513 | 2.82% | 3.00% | 3.59% | 3.59% | 3.59% |
Source: Ownwell
Property Tax Assessment Values Across Newark, Wayne County, New York
When examining property taxes in Newark, 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 Wayne 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 Wayne 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 Newark.
For example, the median home price in Newark is $119,855, with tax bills ranging significantly across the county. Zip code 14513 has the highest median home price at $119,855.
Property Tax Assessment Values Across Newark, Wayne County, New York
Source: Ownwell
$64,500
$149,025
$233,550
Median Newark Market Value
$119,855
Median Wayne County Market Value
$152,100
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Newark, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14513 | $75,928 | $98,116 | $119,855 | $155,652 | $207,246 |
Source: Ownwell
Property Tax Bills Across Newark, Wayne County, New York
In Newark, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as changes in market conditions and local budget needs can influence both the assessed value and the tax rate, impacting the final bill. Newark homeowners face a median tax bill of $4,016, which is significantly higher than the national median of $2,400. This can place a considerable financial burden on homeowners, especially those with homes valued at the median home price of $119,855.
Ownwell can assist homeowners in Newark by reviewing their property assessments to ensure accuracy and fairness. By identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners reduce their tax burden, potentially saving them hundreds or even thousands of dollars. With expert knowledge and a commitment to client savings, Ownwell provides a valuable service in managing and minimizing property tax expenses.
Median Newark Tax Bill
$4,016
Median Wayne County Tax Bill
$4,668
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Newark, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14513 | $2,445 | $3,277 | $4,016 | $5,097 | $6,521 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Wayne Assessment Review Commission | |
| Website | wayne.sdgnys.com |