East Pharsalia, Chenango County, New York Property Taxes
Median East Pharsalia, NY effective property tax rate: 2.71%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median East Pharsalia, NY home value: $123,021
Median annual East Pharsalia, NY tax bill: $3,300, $900 higher than the national median property tax bill of $2,400.
How are property taxes in Chenango calculated?
Property taxes in East Pharsalia, 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 East Pharsalia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in East Pharsalia, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
East Pharsalia, Chenango County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.71%
Estimate Property Tax Bill
$3,334
$3,094
Property Tax Rates Across East Pharsalia, Chenango County, New York
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In East Pharsalia, located in Chenango County, NY, the effective property tax rate is notably higher than the national median of 1.02%. This reflects the county's budgetary needs and the total assessed property value within its borders. Comparing East Pharsalia to other cities in New York, you can see how local governance and economic factors influence tax rates.
New York's median property tax rate surpasses the national average, highlighting the state's commitment to funding local services through property taxes. For residents, understanding these rates is crucial for financial planning and exploring potential tax appeals or exemptions. By being informed, property owners in East Pharsalia can make educated decisions about their property tax responsibilities and potential savings.
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 East Pharsalia Tax Rate
2.71%
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 Chenango County Tax Rate
3.08%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across East Pharsalia, Chenango County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13758 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across East Pharsalia, Chenango County, New York
When examining property taxes in East Pharsalia, 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 Chenango County appraisal district 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.
In Chenango 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 East Pharsalia. For example, the median home price in East Pharsalia is $123,021, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across East Pharsalia, Chenango County, New York
Source: Ownwell
$56,790
$92,270
$127,750
Median East Pharsalia Market Value
$123,021
Median Chenango County Market Value
$92,500
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across East Pharsalia, Chenango County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13758 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across East Pharsalia, Chenango County, New York
Property Tax Bills Across East Pharsalia, Chenango County, New York
Source: Ownwell
$1,671
$2,788
$3,904
Median East Pharsalia Tax Bill
$3,300
Median Chenango County Tax Bill
$2,965
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across East Pharsalia, Chenango County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13758 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell