South Butler, New York Property Taxes
The median property tax rate in South Butler, NY is 2.53%, 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 South Butler at $64,500, the typical annual property tax bill reaches $1,643, exceeding the national median of $2,690. Property taxes in South Butler 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 South Butler'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 South Butler 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
South Butler, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$1,632
$1,613
Ownwell’s SOUTH BUTLER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SOUTH BUTLER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SOUTH BUTLER 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 South Butler, New York
Property taxes in South Butler, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Butler is 2.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Butler 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 South Butler's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 13154 has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these areas compare with South Butler 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 South Butler Tax Rate
2.53%
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 South Butler, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13154 | 2.37% | 2.37% | 2.53% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across South Butler, New York
In South Butler, 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 Assessment Office 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 South Butler, 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. The median home price in South Butler is $64,500. The median property tax bill ranges from $1,527 at the 25th percentile to $1,684 at the 90th percentile. The highest and lowest median tax bills are both $1,643 in the 13154 zip code. 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 South Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Butler Assessed Value
$64,500
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 South Butler, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13154 | $50,210 | $62,675 | $64,500 | $68,500 | $71,800 |
Source: Ownwell
Property Tax Bills Across South Butler, New York
In South Butler, located in Wayne County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and represents a percentage of the property's market value. For homeowners in South Butler, the median home price is $64,500. The tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, changes in market conditions, and local budget requirements can influence the assessed value and tax rate, impacting the final tax bill. For example, tax bills in South Butler range from the 25th percentile at $1,527 to the 75th percentile at $1,652, with the 90th percentile reaching $1,684. These tax bills can significantly affect homeowners, influencing decisions on property investments and financial planning. Compared to the national median property tax rate of 0.99%, South Butler's tax rates reflect the local economic conditions and municipal needs.
Average South Butler Tax Bill
$1,643
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 South Butler, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13154 | $1,357 | $1,527 | $1,643 | $1,652 | $1,684 |
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 |