Perry, New York Property Taxes
The median property tax rate in Perry, NY is 4.21%, 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 Perry at $91,735, the typical annual property tax bill reaches $3,692, exceeding the national median of $2,690. Property taxes in Perry 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 Perry'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 Perry 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
Perry, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.21%
Estimate Property Tax Bill
$3,862
$3,584
Ownwell’s Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perry 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 Perry, New York
Property taxes in Perry, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perry is 4.21%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perry 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 Perry's effective property tax rate to other counties in New York and the national median. For comparison, the 14530 zip code has the highest median property tax rate of 4.21%, while the lowest median tax rate is also 4.21%. Understanding how these cities compare with Perry 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 Perry Tax Rate
4.21%
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 Perry, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14530 | 2.75% | 3.06% | 4.21% | 4.42% | 4.65% |
Source: Ownwell
Property Tax Assessment Values Across Perry, New York
In Perry, 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 Perry, 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 Perry is $3692.00 in the 14530 zip code, while the lowest is also $3692.00 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 Perry Assessed Value
$91,735
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 Perry, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14530 | $51,020 | $69,694 | $91,735 | $142,755 | $228,710 |
Source: Ownwell
Property Tax Bills Across Perry, New York
In Perry, located in Wyoming County, NY, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by local assessors. Homeowners in Perry face a median property tax rate that is influenced by various factors, including local government budgets, school district needs, and public services. For a median home price of $91,735, tax bills can vary significantly. Homeowners at the 25th percentile pay around $2,895, while those at the 75th percentile see bills closer to $4,887. At the 90th percentile, tax bills can reach up to $6,855. The highest and lowest median tax bills in Perry are both $3,692, indicating a consistent tax environment within the 14530 zip code. Compared to the national median property tax rate of 0.99%, Perry’s rates can be quite impactful on homeowners, influencing decisions on property purchases and overall affordability. Understanding these factors can help homeowners better anticipate their yearly financial obligations.
Average Perry Tax Bill
$3,692
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 Perry, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14530 | $2,059 | $2,895 | $3,692 | $4,887 | $6,855 |
Source: Ownwell