Waterloo, Wayne County, New York Property Taxes
Median Waterloo, NY effective property tax rate: 2.52%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Waterloo, NY home value: $243,579
Median annual Waterloo, NY tax bill: $6,136, $3,736 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Waterloo, 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 Waterloo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterloo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Waterloo, Wayne County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.52%
Estimate Property Tax Bill
$6,138
$5,696
Property Tax Rates Across Waterloo, Wayne County, New York
Local government entities set tax rates, which can vary widely within a state due to the unique budgeting needs of each area. Each year, counties estimate the budget necessary to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. This annual process involves votes and laws to ensure that budgets and tax rates meet the community's needs.
In Waterloo, Wayne County, New York, the effective property tax rate stands out when compared to other cities in New York and the national averages. With a median property tax rate of 2.52%, Waterloo's rate significantly exceeds the national median property tax rate of 1.02%. This means that homeowners in Waterloo may find themselves paying a higher property tax bill than the national median of $2,400. Understanding these differences can help property owners make informed decisions about property tax appeals and exemptions, potentially leading to savings and a more manageable tax burden.
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 Waterloo Tax Rate
2.52%
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 Waterloo, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13165 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Waterloo, Wayne County, New York
When examining property taxes in Waterloo, 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 March. 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 Waterloo. For example, the median home price in Waterloo is $243,579, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Waterloo, Wayne County, New York
Source: Ownwell
$64,500
$149,025
$233,550
Median Waterloo Market Value
$243,579
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 Waterloo, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13165 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Waterloo, Wayne County, New York
In Waterloo, located in Wayne County, NY, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. The property tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Waterloo, the median tax bill is significantly higher than the national median, with figures reaching $6,136. This high property tax bill can be burdensome for homeowners, especially when compared to the national median property tax bill of $2,400.
Factors such as local government budgets, school funding requirements, and public services influence property tax rates, ultimately impacting the homeowner's financial responsibilities. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and market data, Ownwell identifies opportunities for homeowners to reduce their assessed values, potentially lowering their tax bills. This service not only helps homeowners save money but also ensures they are not overpaying on their property taxes.
Median Waterloo Tax Bill
$6,136
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 Waterloo, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13165 | N/A | N/A | N/A | N/A | N/A |
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 |