Fillmore, New York Property Taxes
The median property tax rate in Fillmore, NY is 3.19%, 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 Fillmore, the typical annual property tax bill reaches $4,852, exceeding the national median of $2,690. Property taxes in Fillmore 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 Fillmore'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 Fillmore 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
Fillmore, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$4,872
$4,522
Ownwell’s Fillmore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fillmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fillmore 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 Fillmore, New York
Property taxes in Fillmore, 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 Fillmore is 3.19%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Fillmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fillmore 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. Understanding how Fillmore's effective property tax rate compares to other counties in New York and the national median provides valuable insights into the varying tax landscape across Allegany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fillmore Tax Rate
3.19%
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 Fillmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14735 | 2.82% | 3.03% | 3.19% | 3.29% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Fillmore, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fillmore, Wyoming County, NY. The market value represents the price a willing buyer would pay a willing seller in an open, competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated 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 Fillmore, 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. The highest median tax bill in Fillmore is $4852 in zip code 14735, while the lowest median tax bill is also $4852 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fillmore Assessed Value
$152,742
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 Fillmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14735 | $84,312 | $104,489 | $152,742 | $214,920 | $260,162 |
Source: Ownwell
Property Tax Bills Across Fillmore, New York
In Fillmore, Wyoming County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $152,742. Once the assessed value is established, a tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Fillmore can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $3,419, while those in the 75th percentile pay around $6,420. At the higher end, the 90th percentile tax bill reaches $7,249. These property taxes fund essential local services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, Fillmore's rates can be higher, impacting homeowners' annual expenses and influencing decisions about property investments and residency.
Average Fillmore Tax Bill
$4,852
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 Fillmore, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14735 | $2,833 | $3,419 | $4,852 | $6,420 | $7,249 |
Source: Ownwell