Taxes in Penfield, New York
Complete tax guide for Penfield, NY. State income tax up to 6.85%, 1.62% property tax, 4.84% sales tax. Calculate your total tax burden.
State Income Tax
6.85%
New York
Property Tax
1.62%
Effective rate
Sales Tax
4.84%
Combined rate
Tax Burden
Very High
Penfield, NY Tax Overview
Population
38,390
Median Income
$65,000
Cost of Living
136 (100 = avg)
State Income Tax
6.85%
Local Income Tax
2.87%
Median Home Price
$406,000
Penfield Tax Calculator
Pre-filled with Penfield median: $65,000
Total Tax Burden in Penfield
$17,205
Take-Home: $47,796 · Effective Rate: 26.47%
Federal Tax
$5,914
9.10% eff.
NY State + Local
$6,318
9.72% eff.
FICA
$4,973
7.65% eff.
Take-Home
$47,796
73.53% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $65,000.00 | $5,416.67 |
| Federal Income Tax | -$5,914.00 | -$492.83 |
| New York State Tax | -$4,452.50 | -$371.04 |
| Penfield Local Tax (2.87%) | -$1,865.50 | -$155.46 |
| Social Security (6.2%) | -$4,030.00 | -$335.83 |
| Medicare (1.45%) | -$942.50 | -$78.54 |
| Take-Home Pay | $47,795.50 | $3,982.96 |
Property Tax in Penfield
Median Home
$406,000
Annual Tax
$6,577
Monthly Tax
$548
Effective Rate
1.62%
Sales Tax in Penfield
Combined Rate
4.84%
State Portion
~2.3%
Local Portion
~2.5%
The combined sales tax rate in Penfield is 4.84%, which is below the national average of 7.12%. On a $100 purchase, you would pay $4.84 in sales tax.
Tax Burden Comparison
| Tax Type | Penfield | New York Avg | National Avg |
|---|---|---|---|
| Income Tax | 6.85% + 2.87% | 6.85% | 4.6% |
| Property Tax | 1.62% | ~1.62% | 1.1% |
| Sales Tax | 4.84% | ~4.84% | 7.12% |
| Overall Burden | Very High | — | Moderate |
Tax Saving Tips for Penfield Residents
- New York's income tax rate of 6.85% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Penfield has a local income tax of 2.87%. If you work remotely, verify whether you owe city tax based on where you work or where you live. Some cities only tax people who work within city limits.
- Property tax in Penfield (1.62%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
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See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Penfield, NY?
Penfield, New York has a state income tax rate up to 6.85%, plus a local income tax of 2.87%. The property tax rate is 1.62% and the combined sales tax rate is 4.84%.
How much is property tax in Penfield?
The effective property tax rate in Penfield is 1.62%. On the median home price of $406,000, this equals approximately $6,577 per year or $548 per month. This is above the national average of 1.1%.
What is the sales tax rate in Penfield?
The combined sales tax rate in Penfield is 4.84%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Penfield's tax burden compare to other cities?
Penfield has a very high overall tax burden. The effective total tax rate for a median-income household is approximately 36.4%. The combination of 6.85% state income tax, 1.62% property tax, and 4.84% sales tax determines the total burden. Cost of living index is 136 (100 = national average).
Are there any local taxes in Penfield?
Yes. Penfield imposes a local income tax of 2.87% in addition to the state income tax of 6.85%.