Warsaw, New York Property Taxes
The median property tax rate in Warsaw, NY is 3.54%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Warsaw at $113,050, the typical annual property tax bill reaches $4,252, far exceeding the national median of $2,690. Property taxes in Warsaw are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Warsaw'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 Warsaw 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
Warsaw, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.54%
Estimate Property Tax Bill
$4,002
$3,714
Ownwell’s Warsaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warsaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warsaw 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 Warsaw, New York
Property taxes in Warsaw, 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 Warsaw is 3.54%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Warsaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warsaw 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 Warsaw's effective property tax rate to other counties in New York and the national median. For comparison, the 14569 zip code has the highest median property tax rate of 3.54%, while the lowest median tax rate is also found in the 14569 zip code at 3.54%. Understanding how these cities compare with Warsaw 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 Warsaw Tax Rate
3.54%
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 Warsaw, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14569 | 2.69% | 2.98% | 3.54% | 4.37% | 4.48% |
Source: Ownwell
Property Tax Assessment Values Across Warsaw, New York
In Warsaw, 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 Warsaw, 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 Warsaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Warsaw are both $4,252, found in the 14569 zip code.
Average Warsaw Assessed Value
$113,050
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 Warsaw, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14569 | $53,040 | $80,650 | $113,050 | $160,000 | $227,273 |
Source: Ownwell
Property Tax Bills Across Warsaw, New York
In Warsaw, Wyoming County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value reflects the market value of the property. Homeowners in Warsaw can expect their tax bills to vary significantly depending on the assessed value of their property. The median home price in Warsaw is approximately $113,050. The tax bill at the 25th percentile is around $3,103, while at the 75th percentile, it rises to about $5,766. For those at the 90th percentile, the tax bill can reach up to $7,580. These figures highlight the range of property tax obligations within the city. The highest median tax bill recorded in Warsaw is $4,252, which is notably higher than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners by influencing their annual housing costs. Higher assessed values lead to higher tax obligations, which can affect affordability and overall financial planning for residents.
Average Warsaw Tax Bill
$4,252
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 Warsaw, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14569 | $1,733 | $3,103 | $4,252 | $5,766 | $7,580 |
Source: Ownwell