When it comes to effective property-tax rates — the amount of taxes divided by a home’s value — western New York property owners pay more than any other area of the state, according to data released today by the Empire Center for New York State Policy.
The data shows that the highest effective property-tax rates are in cities and rural areas with low property values and the lowest are in resort communities and wealthy areas with high property values. The statewide median is $30.17 per $1,000 of assessed value.
Wellsville, a village in Allegany County, has the highest rate in the state at $63.51 per $1,000, 77 percent higher than the western New York rate median of $35.94 and more than twice the state median. The village had the highest effective rate last year too.
The Rye school district portion of the city of Rye is the lowest-taxed area within cities, with an effective rate of $14.46 per $1,000, the Empire Center found.
The village of Sagaponack in the Hamptons has an effective tax rate of $1.19 per $1,000, making it the lowest-taxed community in this year’s survey.
The Empire Center has an online benchmarking tool that allows taxpayers to compute and compare total school district, municipal and county tax burdens in communities across the state. Nassau County and New York City impose different tax rates on different classes of property and are excluded from BenchmarkingNY’s calculations and comparisons.
“With school budget votes just two weeks away, its important for voters to understand what their tax rates are and how that rate relates to what others in their region and in the state are paying. BenchmarkingNY makes it easy for taxpayers to make those comparisons,” Tim Hoefer, director of the Empire Center, said in a statement.
Rockland is the only county in the Lower Hudson Valley that has areas included in the “Top 20” effective tax rates for the Mid-Hudson Valley (Rockland, Westchester, Putnam, Dutchess, Orange, Sullivan and Ulster counties). Westchester has six spots in the “Bottom 20” rates for the region (in Rye, Mount Kisco, Mount Pleasant and North Castle) and Putnam County has two (in Philipstown and Putnam Valley). The rest are in Dutchess, Orange and Ulster counties.
(Tim Hoefer photo courtesy of Empire Center for New York State Policy.)