Yates County Property Taxes
The median property tax rate in Yates County is 1.79%, which is 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 Yates County, the typical annual property tax bill reaches $3,654, surpassing the national median of $2,690. Property taxes in Yates County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Yates County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Penn Yan or another part of Yates County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yates County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,984
$2,950
Ownwell’s Yates County Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Yates County with just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Yates County to estimate your property tax bill. This tool is invaluable for understanding potential tax liabilities. For those interested in more localized trends, you can scroll down to explore city-level information. Your property’s assessed value is the value assigned by the county for tax calculations, factoring in any exemptions you may qualify for.
Property Tax Rates Across Yates County, New York
Property taxes in Yates County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yates County is 1.79%, which is higher than the U.S. national median of 0.99%. Local government entities within Yates County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yates County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Naples has one of the higher property tax rates in New York at 2.93%, while the city of Bluff Point boasts one of the lowest at 1.68%. Analyzing how Yates County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yates County Tax Rate
1.79%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yates County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellona | 1.87% | 2.03% | 2.17% | 2.24% | 2.46% |
| Bluff Point | 1.53% | 1.68% | 1.68% | 1.68% | 1.68% |
| Branchport | 1.67% | 1.68% | 1.78% | 1.98% | 2.77% |
| Dresden | 1.77% | 1.77% | 2.71% | 2.71% | 2.71% |
| Dundee | 1.62% | 1.74% | 1.76% | 1.80% | 2.69% |
| Geneva | 1.70% | 2.29% | 2.29% | 2.93% | 2.95% |
| Himrod | 1.40% | 1.70% | 1.74% | 1.75% | 1.81% |
| Keuka Park | 1.66% | 1.68% | 1.68% | 1.68% | 1.80% |
| Lakemont | 1.74% | 1.74% | 1.74% | 1.74% | 1.74% |
| Middlesex | 2.28% | 2.42% | 2.42% | 2.52% | 2.92% |
| Naples | 2.38% | 2.71% | 2.93% | 2.93% | 2.93% |
| Penn Yan | 1.62% | 1.72% | 1.80% | 2.86% | 2.95% |
| Prattsburgh | 2.66% | 2.77% | 2.77% | 2.77% | 2.77% |
| Rock Stream | 1.40% | 1.63% | 1.74% | 1.74% | 1.74% |
| Rushville | 1.94% | 2.42% | 2.42% | 2.90% | 2.90% |
| Stanley | 1.63% | 2.15% | 2.48% | 2.49% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Yates County, New York
In Yates County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Yates County Appraisal District. The assessed value, however, 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 in Yates County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Prattsburgh at $8,338, while the lowest is in Lakemont at $1,837. Being aware of these valuation processes in Yates County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Yates County Assessed Value
$166,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yates County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellona | $39,400 | $81,900 | $121,850 | $163,100 | $196,100 |
| Bluff Point | $212,820 | $339,000 | $517,500 | $1,090,000 | $1,168,000 |
| Branchport | $53,340 | $82,750 | $149,000 | $239,000 | $400,540 |
| Dresden | $51,810 | $82,800 | $117,400 | $268,625 | $409,370 |
| Dundee | $55,600 | $88,900 | $155,250 | $313,800 | $558,500 |
| Geneva | $84,560 | $111,600 | $173,200 | $416,100 | $547,540 |
| Himrod | $64,880 | $107,100 | $213,600 | $413,300 | $622,000 |
| Keuka Park | $119,000 | $169,900 | $325,000 | $545,000 | $745,200 |
| Lakemont | $78,870 | $88,875 | $105,550 | $122,225 | $132,230 |
| Middlesex | $53,080 | $89,900 | $140,600 | $283,200 | $568,140 |
| Naples | $38,720 | $67,700 | $105,100 | $159,300 | $262,060 |
| Penn Yan | $82,070 | $117,625 | $179,000 | $372,300 | $694,020 |
| Prattsburgh | $147,150 | $254,050 | $313,800 | $336,500 | $364,600 |
| Rock Stream | $53,300 | $105,600 | $161,100 | $309,950 | $611,100 |
| Rushville | $79,900 | $107,300 | $142,300 | $201,100 | $463,980 |
| Stanley | $45,940 | $104,050 | $169,200 | $243,175 | $1,078,210 |
Source: Ownwell
Property Tax Bills Across Yates County, New York
In Yates County, NY, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors such as property improvements, location, and market trends can influence the assessed value, ultimately affecting the homeowner's tax liability. For instance, the median home price in Yates County is $166,700. Property tax bills can vary significantly within the county, with the 25th percentile tax bill at $2,400 and the 75th percentile reaching $6,286. At the higher end, the 90th percentile tax bill is $10,727. The city of Prattsburgh has the highest median tax bill at $8,338, while Lakemont has the lowest at $1,837. These variations highlight the importance of understanding local assessments and tax rates, as they can substantially impact annual property tax obligations for homeowners.
Average Yates County Tax Bill
$3,654
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Yates County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bellona | $968 | $1,795 | $2,461 | $3,475 | $3,986 |
| Bluff Point | $3,580 | $5,702 | $7,379 | $18,334 | $19,646 |
| Branchport | $1,051 | $1,647 | $2,739 | $4,535 | $7,416 |
| Dresden | $1,679 | $2,259 | $3,098 | $5,750 | $7,969 |
| Dundee | $1,064 | $1,791 | $3,111 | $5,355 | $8,833 |
| Geneva | $2,165 | $2,634 | $3,958 | $10,085 | $14,151 |
| Himrod | $1,184 | $1,835 | $3,471 | $6,531 | $9,988 |
| Keuka Park | $2,072 | $2,898 | $5,482 | $9,083 | $12,014 |
| Lakemont | $1,373 | $1,547 | $1,837 | $2,127 | $2,301 |
| Middlesex | $1,401 | $2,350 | $3,471 | $6,760 | $13,364 |
| Naples | $1,069 | $1,833 | $2,916 | $4,458 | $6,963 |
| Penn Yan | $1,727 | $2,741 | $3,947 | $6,775 | $11,538 |
| Prattsburgh | $4,081 | $6,874 | $8,338 | $9,321 | $10,112 |
| Rock Stream | $905 | $1,801 | $2,707 | $4,716 | $9,011 |
| Rushville | $1,975 | $2,816 | $3,778 | $5,048 | $9,523 |
| Stanley | $1,522 | $2,678 | $4,397 | $8,024 | $18,839 |
Source: Ownwell