Stottville, New York Property Taxes
The median property tax rate in Stottville, NY is 1.92%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Stottville at $180,620, the typical annual property tax bill reaches $3,510, exceeding the national median of $2,690. Property taxes in Stottville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stottville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stottville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stottville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$3,468
$3,429
Ownwell’s Stottville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stottville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stottville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stottville, New York
Property taxes in Stottville, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stottville is 1.92%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Stottville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stottville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Stottville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12172 has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Stottville provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stottville Tax Rate
1.92%
Average Columbia County Tax Rate
1.71%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stottville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12172 | 1.76% | 1.86% | 1.92% | 1.99% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Stottville, New York
In Stottville, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Columbia County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Stottville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Stottville's median home price is $180,620. The median tax bill ranges from $3,062 at the 25th percentile to $4,076 at the 75th percentile, with the highest median tax bill reaching $4,632. The zip code with the highest and lowest median tax bills is 12172, both at $3,510. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stottville Assessed Value
$180,620
Average Columbia County Assessed Value
$284,810
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stottville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12172 | $145,545 | $162,356 | $180,620 | $204,234 | $244,291 |
Source: Ownwell
Property Tax Bills Across Stottville, New York
In Stottville, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the tax rate set by local taxing authorities. For homeowners in Columbia County, the median home price is $180,620. With a median property tax bill of $3,510 in the 12172 zip code, residents face a significant expense compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bill can vary widely; for instance, the 25th percentile tax bill is $3,062, while the 75th percentile tax bill reaches $4,076, and the 90th percentile can be as high as $4,632. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding these elements helps residents anticipate their property tax obligations and plan accordingly.
Average Stottville Tax Bill
$3,510
Average Columbia County Tax Bill
$4,915
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Stottville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12172 | $2,604 | $3,062 | $3,510 | $4,076 | $4,632 |
Source: Ownwell