Fishs Eddy, New York Property Taxes
The median property tax rate in Fishs Eddy, NY is 2.35%, 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 Fishs Eddy at $78,486, the typical annual property tax bill reaches $1,843, significantly below the national median of $2,690. Property taxes in Fishs Eddy 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 Fishs Eddy'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 Fishs Eddy or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fishs Eddy, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$1,844
$1,824
Ownwell’s Fishs Eddy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fishs Eddy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fishs Eddy 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 Fishs Eddy, New York
Property taxes in Fishs Eddy, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fishs Eddy is 2.35%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Fishs Eddy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishs Eddy 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 Fishs Eddy's effective property tax rate to other counties in New York and the national median. For comparison, the area with the highest median property tax rate in Delaware County also has a rate of 2.35%, while the area with the lowest median tax rate in the county similarly stands at 2.35%. Understanding how these cities compare with Fishs Eddy provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fishs Eddy Tax Rate
2.35%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fishs Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13774 | 2.32% | 2.32% | 2.35% | 2.35% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Fishs Eddy, New York
In Fishs Eddy, 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 Delaware 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 Fishs Eddy, 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. Being aware of these valuation processes in Fishs Eddy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, zip code 13774 has the highest and lowest median tax bill at $1,843, reflecting the diverse tax landscape within the area.
Average Fishs Eddy Assessed Value
$78,486
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fishs Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13774 | $27,701 | $46,168 | $78,486 | $115,420 | $156,971 |
Source: Ownwell
Property Tax Bills Across Fishs Eddy, New York
In Fishs Eddy, Delaware County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the local assessor. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Fishs Eddy experience varying tax bills. For example, the 25th percentile tax bill is $1,084, while the 75th percentile reaches $2,758. At the 90th percentile, homeowners might see tax bills as high as $3,512. The median home price in the area is $78,486, which can give a rough estimate of what to expect in property taxes. Compared to the national median property tax rate of 0.99%, homeowners in Fishs Eddy may find their tax obligations to be relatively moderate. However, these taxes are essential for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Fishs Eddy Tax Bill
$1,843
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Fishs Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13774 | $649 | $1,084 | $1,843 | $2,758 | $3,512 |
Source: Ownwell