Wolcott, Wayne County, New York Property Taxes
Median Wolcott, NY effective property tax rate: 2.58%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Wolcott, NY home value: $118,550
Median annual Wolcott, NY tax bill: $3,209, $809 higher than the national median property tax bill of $2,400.
How are property taxes in Wayne County calculated?
Property taxes in Wolcott, 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 Wolcott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wolcott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wolcott, Wayne County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.58%
Estimate Property Tax Bill
$3,059
$2,838
Ownwell’s Wolcott Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wolcott with just two data points.
By entering your property's estimated assessed value, our calculator applies Wolcott’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 Wayne County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Wolcott, 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 Wolcott Tax Rate
2.58%
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 Wolcott, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14590 | 2.15% | 2.36% | 2.58% | 2.89% | 3.26% |
Source: Ownwell
Property Tax Assessment Values Across Wolcott, Wayne County, New York
When examining property taxes in Wolcott, 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 the season. 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 Wolcott. For example, the median home price in Wolcott is $118,550, with tax bills ranging significantly across the county. Zip code 14590 has the highest median home price at $118,550.
Property Tax Assessment Values Across Wolcott, Wayne County, New York
Source: Ownwell
$64,500
$149,025
$233,550
Median Wolcott Market Value
$118,550
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 Wolcott, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14590 | $41,910 | $74,825 | $118,550 | $192,700 | $274,400 |
Source: Ownwell
Property Tax Bills Across Wolcott, Wayne County, New York
In Wolcott, Wayne County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Wolcott face a significant tax burden, with a median property tax bill of $3,209, surpassing the national median of $2,400. This can be a substantial financial strain, especially when considering that 25% of homeowners pay at least $2,050, while others see bills as high as $6,931.
Ownwell offers a solution for homeowners seeking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can help homeowners potentially lower their assessed values, leading to reduced tax obligations. By navigating the complexities of property tax assessments and appeals, Ownwell aims to ease the financial burden on homeowners, ensuring they pay only their fair share.
Median Wolcott Tax Bill
$3,209
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 Wolcott, Wayne County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14590 | $1,258 | $2,050 | $3,209 | $4,955 | $6,931 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Wayne Assessment Review Commission | |
| Website | wayne.sdgnys.com |