Dundee, New York Property Taxes
The median property tax rate in Dundee, NY is 1.76%, 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 Dundee, the typical annual property tax bill reaches $3,111, exceeding the national median of $2,690. Property taxes in Dundee 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 Dundee'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 Dundee 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
Dundee, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$2,732
$2,536
Ownwell’s Dundee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dundee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dundee 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 Dundee, New York
Property taxes in Dundee, New York, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Dundee is 1.76%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Dundee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dundee 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 Dundee's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 14837 has both the highest and lowest median property tax rate of 1.76%. Understanding how these areas compare with Dundee provides valuable insights into the varying tax landscape across Yates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dundee Tax Rate
1.76%
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 Dundee, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14837 | 1.62% | 1.74% | 1.76% | 1.80% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Dundee, New York
In Dundee, 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 Yates 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 Dundee, 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 Dundee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 14837, with a median tax bill of $3111, which is the same as the lowest median tax bill in the same zip code.
Average Dundee Assessed Value
$155,250
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 Dundee, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14837 | $55,600 | $88,900 | $155,250 | $313,800 | $558,500 |
Source: Ownwell
Property Tax Bills Across Dundee, New York
In Dundee, located in Yates County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. The median home price in Dundee is $155,250, and homeowners can expect their tax bills to vary significantly. For instance, those in the 25th percentile pay around $1,791, while those in the 75th percentile face bills of approximately $5,355. At the higher end, the 90th percentile tax bill can reach up to $8,833. These tax bills are influenced by several factors, including property size, location, and improvements made to the home. Compared to the national median property tax rate of 0.99%, Dundee's tax rates reflect the specific needs and budgets of the local government. For homeowners, this means that property taxes can constitute a significant portion of their annual expenses, impacting their overall financial planning and homeownership costs.
Average Dundee Tax Bill
$3,111
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 Dundee, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14837 | $1,064 | $1,791 | $3,111 | $5,355 | $8,833 |
Source: Ownwell