Example of Niagara County Property Tax Calculation
In Niagara County, the property tax calculation is based on the assessed value of the property multiplied by the tax rate. The assessed value is determined by the Niagara County Assessor's Office and is a percentage of the property's market value. For example, if a property's market value is $100,000 and the assessment rate is 70%, the assessed value would be $70,000.
The tax rate in Niagara County varies depending on the location and the type of property. As of 2021, the average tax rate for residential properties in the county is around $25 per $1,000 of assessed value. Therefore, if a property has an assessed value of $70,000, the property tax would be approximately $1,750 ($25 x 70).
It is important to note that some properties may be eligible for exemptions or reductions in their property tax. For example, senior citizens, veterans, and individuals with disabilities may be eligible for certain tax exemptions. It is recommended to contact the Niagara County Assessor's Office for more information on these programs.
If you want appeal your property tax assessment - contact your local tax assessor.
Niagara County Property Tax Rates
The following table lists the Niagara County Property Tax Rates per $100 of assessed value:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| Town of Lockport | $39.14 |
| Town of Newfane | $32.52 |
| Town of Niagara | $37.42 |
| Town of Porter | $32.37 |
| Town of Royalton | $34.20 |
| Town of Somerset | $31.16 |
| Town of Wheatfield | $35.20 |
| City of Lockport | $39.65 |
| City of Niagara Falls | $45.02 |
| City of North Tonawanda | $41.56 |
It's important to note that property tax rates can vary depending on factors such as the type of property and location within the county. Residents are encouraged to consult with their local tax advisor for more accurate and personalized information.
Who sets property tax rates in Niagara County ?
In Niagara County, property tax rates are set by various entities at different times of the year. Here is a breakdown:
| Entity | Time of year |
|---|---|
| Town and village boards | March - April |
| School districts | May |
| County legislature | September |
The property tax rates are determined by these entities based on the budget needs and expenses for their respective jurisdictions. It's important to note that property tax rates can vary depending on the location and property value within Niagara County. If you have any questions or concerns about property taxes in Niagara County, it's recommended to consult with a tax advisor.
When is Niagara County Property Tax due ?
Niagara County Property Tax Due Date and Payment Methods
Niagara County Property Tax is usually due on January 31 of each year. However, if January 31 falls on a weekend or holiday, the due date may be extended to the next business day. It is important to note that failure to pay property taxes on time may result in interest and penalties.
There are several payment methods available for Niagara County Property Tax. These include:
| Payment Method | Description |
|---|---|
| In-Person | Payments can be made in person at the Niagara County Treasurer’s Office located at 111 Main Street, Lockport, NY 14094. Accepted forms of payment include cash, check or money order. |
| Online | Payments can be made online at the Niagara County Treasurer’s website. Acceptable forms of payment include e-check, debit card or credit card. Please note that a convenience fee will be charged for online payments. |
| Payments can be mailed to the Niagara County Treasurer’s Office P.O. Box 461, Lockport, NY 14095. Payments must be made by check or money order only. |
It is important to remember that payments must be postmarked by the due date to avoid interest and penalties. For any questions or concerns regarding Niagara County Property Tax, individuals should contact the Niagara County Treasurer’s Office at (716) 439-7022.
If you have more questions - contact your local tax collector.
Homestead exemptions in Niagara County ?
To make it easier for homeowners in Niagara County, New York to understand the available Homestead exemptions and deductions, we've compiled a table with relevant information. This table includes columns for exemption, eligibility, amount, and notes.
Take a look:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Basic STAR | Primary residence, income ≤ $500,000 | Up to $30,000 | Must apply for exemption |
| Enhanced STAR | Seniors (age 65+), income ≤ $89,050 | Up to $70,700 | Must reapply every year |
| Senior Citizens Exemption | Seniors (age 65+), income ≤ $37,399 | Up to 50% of assessed value | Must reapply every year |
| Veterans Exemption | Veterans who served during wartime, income ≤ $92,235 | Up to $40,000 | Must provide proof of service |
| Cold War Veterans Exemption | Veterans who served during the Cold War era, income ≤ $92,235 | Up to $20,000 | Must provide proof of service |
| Volunteer Firefighters and Ambulance Workers Exemption | Active firefighters or ambulance workers | Up to $1,500 | Must provide proof of service |
| Clergy Exemption | Full-time clergy members | Up to $1,500 | Must provide proof of position |
It's important to note that eligibility requirements and exemption amounts may vary depending on individual circumstances. Homeowners should always check with their local assessor's office for the most up-to-date and accurate information.
How is Niagara County Property Tax penalty calculated ?
Niagara County Property Tax Penalty Calculation
When a property owner in Niagara County fails to pay their property taxes on time, they may be subject to penalties. These penalties are determined based on the amount of time that has passed since the tax payment was due. Here is an example of how Niagara County property tax penalty is calculated:
Assuming a property owner owes $5,000 in property taxes for the year 2021, and the payment deadline is March 31, 2022. If the property owner fails to pay by the deadline, the following penalties will apply:
| Penalty Date | Penalty Rate |
|---|---|
| April 1, 2022 | 1% |
| May 1, 2022 | 2% |
| June 1, 2022 | 3% |
| July 1, 2022 | 4% |
| August 1, 2022 | 5% |
| September 1, 2022 | 6% |
So, if the property owner fails to pay by April 1, 2022, they will be charged an additional 1% of the $5,000 owed, making the total amount owed $5,050. If payment is further delayed until May 1, 2022, an additional 2% will be added, making the total amount owed $5,100, and so on.
It's important to note that if the property taxes remain unpaid after September 1, 2022, the property may be subject to foreclosure proceedings.
In summary, Niagara County property tax penalty is calculated based on a percentage of the amount owed and increases with time beyond the payment deadline. Property owners should ensure they pay their property taxes on time to avoid these penalties.
We recommend contacting the Niagara County Tax Office or a local tax professional for the most up-to-date and accurate information.