North Java, New York Property Taxes
The median property tax rate in North Java, NY is 2.57%, 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 North Java at $143,134, the typical annual property tax bill reaches $3,694, exceeding the national median of $2,690. Property taxes in North Java 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 North Java'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 North Java 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
North Java, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.57%
Estimate Property Tax Bill
$3,679
$3,414
Ownwell’s North Java Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Java with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Java 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 North Java, New York
Property taxes in North Java, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Java is 2.57%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Java set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Java 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 North Java's effective property tax rate to other counties in New York and the national median. For comparison, the 14113 zip code has the highest median property tax rate of 2.57%, while the same 14113 zip code also has the lowest median tax rate of 2.57%. Understanding how these areas compare with North Java 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 North Java Tax Rate
2.57%
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 North Java, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14113 | 1.99% | 2.36% | 2.57% | 2.76% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across North Java, New York
In North Java, 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 Assessment Office 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 North Java, 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 North Java helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3694 in zip code 14113, while the lowest median tax bill is also $3694 in the same zip code.
Average North Java Assessed Value
$143,134
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 North Java, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14113 | $56,913 | $101,125 | $143,134 | $200,750 | $302,160 |
Source: Ownwell
Property Tax Bills Across North Java, New York
In North Java, located in Wyoming County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and reflects a percentage of the property's market value. Several factors influence this assessment, including the property's size, location, and condition. Homeowners in North Java experience varying tax bills. For instance, the median home price is $143,134. At the 25th percentile, tax bills are around $2,593, while at the 75th percentile, they rise to approximately $4,938. The top 10% of tax bills can reach as high as $6,781. These property taxes significantly impact homeowners, affecting their annual expenses and potentially influencing property values. The highest and lowest median tax bills in Wyoming County are both recorded at $3,694 in the 14113 zip code. Compared to the national median property tax rate of 0.99%, North Java's tax rates can be substantial, highlighting the importance of understanding local tax dynamics for homeowners.
Average North Java Tax Bill
$3,694
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 North Java, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14113 | $1,396 | $2,593 | $3,694 | $4,938 | $6,781 |
Source: Ownwell