North Hudson, New York Property Taxes
The median property tax rate in North Hudson, NY is 1.73%, considerably higher than both the national median of 0.99% and New York's state median of 2.39%. With the median home value in North Hudson at $88,400, the typical annual property tax bill reaches $1,447, exceeding the national median of $2,690. Property taxes in North Hudson 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 North Hudson'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 North Hudson 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
North Hudson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.73%
Estimate Property Tax Bill
$1,529
$1,512
Ownwell’s North Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Hudson 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 North Hudson, New York
Property taxes in North Hudson, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Hudson is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Hudson 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 North Hudson's effective property tax rate to other counties in New York and the national median. For comparison, the 12855 zip code has the highest median property tax rate of 1.73%, while the 12855 zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with North Hudson provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Hudson Tax Rate
1.73%
Average Essex County Tax Rate
1.92%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12855 | 1.68% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across North Hudson, New York
In North Hudson, 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 Essex 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 North Hudson, 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. For instance, the highest median tax bill in the area is $1,447 in zip code 12855, while the lowest median tax bill is also $1,447 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average North Hudson Assessed Value
$88,400
Average Essex County Assessed Value
$151,489
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12855 | $35,920 | $53,950 | $88,400 | $140,850 | $207,740 |
Source: Ownwell
Property Tax Bills Across North Hudson, New York
In North Hudson, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in North Hudson, Essex County, experience varying tax bills depending on their property's assessed value and the local tax rate. For example, the median home price in North Hudson is $88,400, and property tax bills can range significantly. At the 25th percentile, homeowners might pay around $926 annually, while those at the 75th percentile could see bills as high as $2,439. The top 10% of tax bills can even reach $3,454. These figures highlight the disparity in tax burdens among homeowners. Compared to the national median property tax rate of 0.99%, North Hudson's rates can be considerably higher, impacting homeowners' financial planning and housing affordability. Understanding these factors is crucial for residents when budgeting for property taxes.
Average North Hudson Tax Bill
$1,447
Average Essex County Tax Bill
$2,966
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across North Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12855 | $609 | $926 | $1,447 | $2,439 | $3,454 |
Source: Ownwell