Stuyvesant, New York Property Taxes
The median property tax rate in Stuyvesant, NY is 2.09%, 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 Stuyvesant at $230,438, the typical annual property tax bill reaches $4,729, exceeding the national median of $2,690. Property taxes in Stuyvesant 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 Stuyvesant'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 Stuyvesant 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
Stuyvesant, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$4,816
$4,762
Ownwell’s Stuyvesant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stuyvesant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stuyvesant 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 Stuyvesant, New York
Property taxes in Stuyvesant, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stuyvesant is 2.09%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stuyvesant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stuyvesant 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 Stuyvesant's effective property tax rate to other counties in New York and the national median. For comparison, the 12173 zip code has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Stuyvesant 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 Stuyvesant Tax Rate
2.09%
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 Stuyvesant, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12173 | 1.99% | 2.07% | 2.09% | 2.11% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Stuyvesant, New York
In Stuyvesant, 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 Appraisal District 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 Stuyvesant, 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. For instance, the median home price in the area is $230,438, with tax bills ranging from $3,974 at the 25th percentile to $9,196 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 12173, amounting to $4,729. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stuyvesant Assessed Value
$230,438
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 Stuyvesant, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12173 | $143,671 | $186,208 | $230,438 | $319,304 | $449,367 |
Source: Ownwell
Property Tax Bills Across Stuyvesant, New York
In Stuyvesant, located in Columbia County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property’s market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. Several factors influence the assessed value, including the property’s location, size, age, and condition. In Stuyvesant, the median home price is $230,438. Homeowners in this region can expect a wide range of tax bills depending on their property's assessed value. For instance, tax bills at the 25th percentile are around $3,974, while those at the 75th percentile reach up to $6,553. At the 90th percentile, tax bills can soar to $9,196. These property tax bills significantly impact homeowners, affecting their annual expenses and the overall affordability of owning a home in Stuyvesant, especially when compared to the national median property tax rate of 0.99%.
Average Stuyvesant Tax Bill
$4,729
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 Stuyvesant, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12173 | $2,965 | $3,974 | $4,729 | $6,553 | $9,196 |
Source: Ownwell