Alden, New York Property Taxes
The median property tax rate in Alden, NY is 2.76%, 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 Alden at $244,000, the typical annual property tax bill reaches $6,681, exceeding the national median of $2,690. Property taxes in Alden 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 Alden'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 Alden 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
Alden, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$6,734
$6,249
Ownwell’s Alden Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Alden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alden 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 Alden, New York
Property taxes in Alden, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alden is 2.76%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Alden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alden 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 Alden's effective property tax rate to other counties in New York and the national median. For comparison, the 14004 zip code has the highest median property tax rate of 2.76%, while the same 14004 zip code also has the lowest median tax rate of 2.76%. Understanding how these cities compare with Alden provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alden Tax Rate
2.76%
Average Wyoming County Tax Rate
2.98%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14004 | 2.39% | 2.69% | 2.76% | 2.92% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across Alden, New York
In Alden, 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 Wyoming 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 Alden, 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 Alden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Alden are both $6,681, found in the 14004 zip code.
Average Alden Assessed Value
$244,000
Average Wyoming County Assessed Value
$124,000
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alden, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14004 | $135,900 | $190,000 | $244,000 | $313,250 | $383,700 |
Source: Ownwell
Property Tax Bills Across Alden, New York
Property tax bills in Alden, located in Wyoming County, NY, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which is determined by the local assessor's office. Factors such as property size, location, and improvements are considered in this assessment. In Alden, the median home price is $244,000, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $4,890, while at the 75th percentile, it rises to $8,583. The 90th percentile tax bill reaches $10,438. This variation shows how different factors can influence the final tax bill. The highest and lowest median tax bill in Alden, recorded at $6,681, underscores the range of property tax burdens homeowners might face. Compared to the national median property tax rate of 0.99%, Alden's property tax rates can be quite substantial, impacting homeowners' annual financial planning and overall cost of living.
Average Alden Tax Bill
$6,681
Average Wyoming County Tax Bill
$3,932
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Alden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14004 | $3,576 | $4,890 | $6,681 | $8,583 | $10,438 |
Source: Ownwell