Pavilion, New York Property Taxes
The median property tax rate in Pavilion, NY is 3.61%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in Pavilion, the typical annual property tax bill reaches $4,501, far exceeding the national median of $2,690. Property taxes in Pavilion are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Pavilion'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 Pavilion or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pavilion, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.61%
Estimate Property Tax Bill
$4,386
$4,070
Ownwell’s Pavilion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pavilion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pavilion 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 Pavilion, New York
Property taxes in Pavilion, 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 Pavilion is 3.61%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pavilion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pavilion 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 Pavilion's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14525 has the highest median property tax rate of 3.61%, while the same zip code also has the lowest median tax rate of 3.61%. Understanding how these cities compare with Pavilion 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 Pavilion Tax Rate
3.61%
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 Pavilion, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14525 | 2.82% | 3.38% | 3.61% | 3.92% | 4.17% |
Source: Ownwell
Property Tax Assessment Values Across Pavilion, New York
In Pavilion, 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 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. 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 Pavilion helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $4501 in the 14525 zip code, with tax bills ranging from $3262 at the 25th percentile to $9082 at the 90th percentile.
Average Pavilion Assessed Value
$121,500
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 Pavilion, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14525 | $47,000 | $90,350 | $121,500 | $185,000 | $270,000 |
Source: Ownwell
Property Tax Bills Across Pavilion, New York
In Pavilion, located in Wyoming County, NY, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The 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. For instance, the median home price in Pavilion is $121,500. Homeowners in Pavilion experience varying tax bills, with the 25th percentile tax bill at $3,262 and the 75th percentile reaching $6,309, while the 90th percentile can go up to $9,082. The highest and lowest median tax bills in the area are both recorded at $4,501, indicating some uniformity in tax assessments. Compared to the national median property tax rate of 0.99%, Pavilion's tax rates can significantly impact homeowners, making it crucial for them to understand how their property is evaluated and taxed. This understanding can help homeowners plan their finances better and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Average Pavilion Tax Bill
$4,501
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 Pavilion, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14525 | $1,948 | $3,262 | $4,501 | $6,309 | $9,082 |
Source: Ownwell