Bliss, New York Property Taxes
The median property tax rate in Bliss, NY is 2.24%, 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 Bliss, the typical annual property tax bill reaches $2,287, which is below the national median of $2,690. Property taxes in Bliss 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 Bliss'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 Bliss 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
Bliss, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$2,262
$2,099
Ownwell’s Bliss Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bliss with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bliss to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Bliss, New York
Property taxes in Bliss, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bliss is 2.24%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Bliss set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bliss 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 Bliss's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14024 has both the highest and lowest median property tax rate of 2.24%. Understanding how these cities compare with Bliss 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 Bliss Tax Rate
2.24%
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 Bliss, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14024 | 1.94% | 2.17% | 2.24% | 2.37% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Bliss, New York
In Bliss, 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 Bliss, 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 Bliss helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bliss are both $2,287, found in the zip code 14024.
Average Bliss Assessed Value
$101,000
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 Bliss, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14024 | $40,140 | $64,706 | $101,000 | $165,000 | $252,573 |
Source: Ownwell
Property Tax Bills Across Bliss, New York
In Bliss, Wyoming 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. For example, with a median home price of $101,000, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $1,497, while those in the 75th percentile face bills of up to $3,688. At the 90th percentile, tax bills can soar to $5,366. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. Comparing Bliss to the national median property tax rate of 0.99%, local homeowners might find their rates either higher or lower depending on specific assessments and local tax policies. These property taxes fund essential community services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Bliss Tax Bill
$2,287
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 Bliss, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14024 | $906 | $1,497 | $2,287 | $3,688 | $5,366 |
Source: Ownwell