Coxsackie, New York Property Taxes
The median property tax rate in Coxsackie, NY is 2.86%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Coxsackie at $187,600, the typical annual property tax bill reaches $4,946, far exceeding the national median of $2,690. Property taxes in Coxsackie are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coxsackie'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 Coxsackie 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
Coxsackie, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.86%
Estimate Property Tax Bill
$5,365
$5,305
Ownwell’s Coxsackie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coxsackie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coxsackie 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 Coxsackie, New York
Property taxes in Coxsackie, 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 Coxsackie is 2.86%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Coxsackie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coxsackie 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 Coxsackie's effective property tax rate to other counties in New York and the national median. For comparison, the 12051 zip code has both the highest and lowest median property tax rate of 2.86%. Understanding how these areas compare with Coxsackie provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coxsackie Tax Rate
2.86%
Average Greene County Tax Rate
2.04%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coxsackie, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12051 | 2.18% | 2.18% | 2.86% | 2.87% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Coxsackie, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coxsackie, NY. 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 local 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 Coxsackie, 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 Coxsackie is $187,600, with tax bills ranging from $3,826 at the 25th percentile to $9,163 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Coxsackie's zip code 12051 has both the highest and lowest median tax bill at $4,946. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coxsackie Assessed Value
$187,600
Average Greene County Assessed Value
$210,370
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coxsackie, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12051 | $102,083 | $147,600 | $187,600 | $256,200 | $371,400 |
Source: Ownwell
Property Tax Bills Across Coxsackie, New York
In Coxsackie, located in Greene County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor and is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the size, location, and condition of the property. For homeowners in Coxsackie, the median home price is $187,600. Property tax bills can vary significantly, with the 25th percentile paying around $3,826 and the 75th percentile paying up to $6,558. The 90th percentile can see tax bills as high as $9,163. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting the quality of life for residents. Comparatively, Coxsackie's property tax rates are higher than the national median property tax rate of 0.99%, making it important for homeowners to understand how their tax bill is calculated and what it supports.
Average Coxsackie Tax Bill
$4,946
Average Greene County Tax Bill
$4,183
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Coxsackie, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12051 | $2,569 | $3,826 | $4,946 | $6,558 | $9,163 |
Source: Ownwell