Rock Stream, Yates County, New York Property Taxes
Median Rock Stream, NY effective property tax rate: 1.74%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Rock Stream, NY home value: $161,100
Median annual Rock Stream, NY tax bill: $2,707, $307 higher than the national median property tax bill of $2,400.
How are property taxes in Yates calculated?
Property taxes in Rock Stream, 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 Rock Stream’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rock Stream, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rock Stream, Yates County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.74%
Estimate Property Tax Bill
$2,803
$2,601
Property Tax Rates Across Rock Stream, Yates County, New York
Local government entities determine tax rates, which can differ significantly within a state. This variation arises because each county, such as Yates, estimates its budgetary needs annually and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While the process involves votes and legal considerations, this is essentially how it works each year.
In Rock Stream, located in Yates County, the effective property tax rate stands at 1.74%. This rate is notably higher than the national median property tax rate of 1.02%. When comparing Rock Stream's rate to the rest of New York, it aligns with the county's median tax rate of 1.74%, indicating a consistent approach within the region.
Understanding these rates is crucial for property owners looking to manage their expenses effectively. By comparing local rates to national figures, property owners can gain insights into how their tax liabilities measure up and explore potential savings through appeals or exemptions.
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 Rock Stream Tax Rate
1.74%
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 Yates County Tax Rate
1.79%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rock Stream, Yates County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14878 | 1.40% | 1.63% | 1.74% | 1.74% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Rock Stream, Yates County, New York
When examining property taxes in Rock Stream, 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 Yates County assessment office 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.
Assessment notices:
In Yates 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 Rock Stream.
For example, the median home price in Rock Stream is $161,100, with tax bills ranging significantly across the county. 14878 has the highest median home price at $161,100.
Property Tax Assessment Values Across Rock Stream, Yates County, New York
Source: Ownwell
$105,100
$215,050
$325,000
Median Rock Stream Market Value
$161,100
Median Yates County Market Value
$166,700
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rock Stream, Yates County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14878 | $53,300 | $105,600 | $161,100 | $309,950 | $611,100 |
Source: Ownwell
Property Tax Bills Across Rock Stream, Yates County, New York
In Rock Stream, located in Yates County, New York, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by various factors including location, size, and condition. Homeowners in Rock Stream face a median property tax bill of $2,707, which is slightly above the national median of $2,400. This can be a significant expense, impacting household budgets. The tax bill can vary widely, with the 25th percentile at $1,801 and the 75th percentile at $4,716, indicating a range of tax liabilities based on property value and assessment.
Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for reducing assessed values, ensuring homeowners do not overpay. This service can lead to substantial savings, making homeownership more affordable in Rock Stream.
Median Rock Stream Tax Bill
$2,707
Median Yates County Tax Bill
$3,654
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Rock Stream, Yates County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14878 | $905 | $1,801 | $2,707 | $4,716 | $9,011 |
Source: Ownwell