Varysburg, Wyoming County, New York Property Taxes
Median Varysburg, NY effective property tax rate: 2.52%, significantly higher than the national median of 1.02%, but also higher than the New York state median of 2.39%.
Median Varysburg, NY home value: $128,866
Median annual Varysburg, NY tax bill: $3,316, $916 higher than the national median property tax bill of $2,400.
How are property taxes in Wyoming calculated?
Property taxes in Varysburg, 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 Varysburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Varysburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Varysburg, Wyoming County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.52%
Estimate Property Tax Bill
$3,247
$3,014
Property Tax Rates Across Varysburg, Wyoming County, New York
Local government entities, like those in Varysburg, play a crucial role in determining property tax rates, which can vary significantly within New York. Annually, Wyoming County calculates its required budget to maintain essential services and divides this by the total value of all taxable properties within its limits. This process establishes the property tax rate. Although votes and regulations influence the setting of tax rates and budgets, this is essentially how it unfolds each year.
In Varysburg, the effective property tax rate stands out when compared to other cities in New York. The median property tax rate in Varysburg is notably higher than the national median rate of 1.02%. This places a significant tax burden on property owners in the area. Property owners in Varysburg face a median tax rate of 2.52%, which is the highest in Wyoming County. This is substantially above the national median property tax bill of $2,400, highlighting the importance of exploring potential tax appeals and exemptions to alleviate the financial load on residents.
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 Varysburg Tax Rate
2.52%
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 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 Varysburg, Wyoming County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14167 | 2.33% | 2.39% | 2.52% | 2.68% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Varysburg, Wyoming County, New York
When examining property taxes in Varysburg, 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 Varysburg. For example, the median home price in Varysburg is $128,866, with tax bills ranging significantly across the county. Zip code 14167 has the highest median home price at $128,866.
Property Tax Assessment Values Across Varysburg, Wyoming County, New York
Source: Ownwell
$75,269
$160,635
$246,000
Median Varysburg Market Value
$128,866
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 Varysburg, Wyoming County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14167 | $41,237 | $77,046 | $128,866 | $185,567 | $272,744 |
Source: Ownwell
Property Tax Bills Across Varysburg, Wyoming County, New York
In Varysburg, located in Wyoming County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $128,866. Homeowners typically face property tax bills that can range significantly, with the 25th percentile at $2,044 and the 75th percentile reaching $4,729. At the 90th percentile, tax bills can soar to $6,566. These figures indicate that property taxes in Varysburg are notably higher than the national median property tax rate of 1.02% and the national median property tax bill of $2,400. Such high property taxes can place a significant financial burden on homeowners.
Ownwell offers property tax appeal and exemption services that can help homeowners in Varysburg reduce their tax bills. By analyzing local market conditions and identifying potential discrepancies in property assessments, Ownwell can assist homeowners in securing a more favorable tax rate, ultimately leading to substantial savings.
Median Varysburg Tax Bill
$3,316
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 Varysburg, Wyoming County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14167 | $1,020 | $2,044 | $3,316 | $4,729 | $6,566 |
Source: Ownwell