South Wales, Wyoming County, New York Property Taxes

Name: Property Tax Bills Across South Wales, Wyoming County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median South Wales, NY effective property tax rate: 2.29%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median South Wales, NY home value: $99,381
Median annual South Wales, NY tax bill: $2,561, $161 higher than the national median property tax bill of $2,400.

How are property taxes in Wyoming calculated?

Property taxes in South Wales, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding South Wales’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Wales, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

South Wales, Wyoming County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.29%

Estimate Property Tax Bill

$2,276

$2,112

Ownwell’s South Wales Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in South Wales with just two data points. By entering your property's estimated assessed value, our calculator applies South Wales’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Wyoming County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across South Wales, Wyoming County, New York

Local government entities set property tax rates, which can vary significantly across New York. Each county determines its budget for essential services and divides this by the total value of all taxable properties in the area, establishing the property tax rate. This process, though influenced by votes and legislation, is essentially an annual routine. In South Wales, located in Wyoming County, the effective property tax rate is 2.29%. This rate is considerably higher than the national median property tax rate of 1.02%. Such a difference highlights the variability in tax burdens depending on location. South Wales' rate also surpasses the national median property tax bill of $2,400, reflecting the region's unique fiscal requirements and property values. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively. By comparing South Wales' tax rate with other areas in New York and nationwide, property owners can gain valuable insights into their financial obligations and potential savings opportunities through tax appeals or exemptions.

Property Tax Rates Across South Wales, Wyoming County, New York

Source: Ownwell

2.24%

3.22%

4.21%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective South Wales Tax Rate

2.29%

Median Effective Wyoming County Tax Rate

2.98%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across South Wales, Wyoming County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across South Wales, Wyoming County, New York

When examining property taxes in South Wales, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Wyoming County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Wyoming County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in South Wales. For example, the median home price in South Wales is $99,381, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across South Wales, Wyoming County, New York

Source: Ownwell

$75,269

$160,635

$246,000

Median South Wales Market Value

$99,381

Median Wyoming County Market Value

$124,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across South Wales, Wyoming County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across South Wales, Wyoming County, New York

In South Wales, Wyoming County, NY, property tax bills are calculated based on the assessed value of your home and the local property tax rate. With a median home price of $99,381, homeowners find their tax bills influenced by this assessed value and the county's tax rate. The assessed value is determined by the local assessor, who evaluates the property's worth. Factors such as property size, location, and market trends play a role in this assessment. Homeowners in South Wales face a median property tax bill that can range significantly, with the 25th percentile at $990 and the 75th percentile reaching $3,863. This variability can impact household budgets, making it crucial for homeowners to ensure their property is fairly assessed. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially lower their tax bills. By reviewing assessments and identifying discrepancies, Ownwell can assist in reducing the financial burden on homeowners, ensuring they pay only their fair share.

Property Tax Bills Across South Wales, Wyoming County, New York

Source: Ownwell

$2,287

$4,484

$6,681

Median South Wales Tax Bill

$2,561

Median Wyoming County Tax Bill

$3,932

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across South Wales, Wyoming County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14139	N/A	N/A	N/A	N/A	N/A

Source: Ownwell