Earlton, New York Property Taxes
The median property tax rate in Earlton, NY is 2.18%, 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 Earlton at $192,793, the typical annual property tax bill reaches $4,332, surpassing the national median of $2,690. Property taxes in Earlton 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 Earlton'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 Earlton 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
Earlton, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.18%
Estimate Property Tax Bill
$4,203
$4,156
Ownwell’s Earlton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Earlton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Earlton to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Greene County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Earlton, New York
Property taxes in Earlton, 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 Earlton is 2.18%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Earlton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Earlton 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 Earlton's effective property tax rate to other counties in New York and the national median. For comparison, the 12058 ZIP code has the highest median property tax rate of 2.18%, while the same ZIP code also has the lowest median tax rate of 2.18%. Understanding how these cities compare with Earlton 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 Earlton Tax Rate
2.18%
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 Earlton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12058 | 2.05% | 2.05% | 2.18% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Earlton, New York
In Earlton, 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 Greene 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 Earlton, 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 Earlton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Earlton are both $4,332, found in the 12058 zip code.
Average Earlton Assessed Value
$192,793
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 Earlton, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12058 | $99,000 | $143,159 | $192,793 | $267,287 | $352,852 |
Source: Ownwell
Property Tax Bills Across Earlton, New York
In Earlton, Greene 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 and then apply an assessment ratio. This ratio can vary but aims to reflect a percentage of the market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $192,793, homeowners in Earlton can expect their tax bills to range significantly. At the 25th percentile, tax bills are around $3,128, while at the 75th percentile, they can reach up to $6,187. The highest tax bills, at the 90th percentile, go up to $8,100. These property taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial, as property taxes represent a significant portion of homeownership costs, often higher than the national median property tax rate of 0.99%.
Average Earlton Tax Bill
$4,332
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 Earlton, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12058 | $2,117 | $3,128 | $4,332 | $6,187 | $8,100 |
Source: Ownwell