Hensonville, New York Property Taxes
The median property tax rate in Hensonville, NY is 1.25%, 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 Hensonville, the typical annual property tax bill reaches $3,070, exceeding the national median of $2,690. Property taxes in Hensonville 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 Hensonville'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 Hensonville 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
Hensonville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$3,057
$3,022
Ownwell’s Hensonville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Hensonville. Simply input your property's estimated assessed value, and the calculator will apply the median tax rate in Hensonville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. Additionally, if you're curious about property tax trends at a neighborhood level, you can explore more localized information below. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring you get a precise calculation for your property tax obligations.
Property Tax Rates Across Hensonville, New York
Property taxes in Hensonville, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hensonville is 1.25%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hensonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hensonville 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 Hensonville's effective property tax rate to other counties in New York and the national median. For comparison, the highest median property tax rate in Greene County is also 1.25%, while the lowest median tax rate is similarly 1.25%. Understanding how these cities compare with Hensonville 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 Hensonville Tax Rate
1.25%
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 Hensonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12439 | 1.24% | 1.24% | 1.25% | 1.37% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hensonville, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hensonville, 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 Greene 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 Hensonville, 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 Hensonville is $244,545, with property tax bills ranging from $2,204 at the 25th percentile to $4,979 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. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 12439, with a median tax bill of $3,070.
Average Hensonville Assessed Value
$244,545
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 Hensonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12439 | $111,675 | $162,987 | $244,545 | $294,805 | $391,896 |
Source: Ownwell
Property Tax Bills Across Hensonville, New York
In Hensonville, NY, property tax bills are calculated based on the assessed value of your home. The local tax assessor determines this value, which is then multiplied by the property tax rate set by local government authorities. The median home price in Hensonville is $244,545, and homeowners can expect varying tax bills depending on their property’s assessed value and specific location within the city. Factors influencing the property tax bill include the home's size, age, and location. In Hensonville, the 25th percentile tax bill is $2,204, while the 75th percentile tax bill is $3,597. Those with homes in the 90th percentile can see tax bills as high as $4,979. The highest median tax bill in the area is $3,070, which is significantly above the national median property tax rate of 0.99%. For homeowners, these tax bills represent a substantial annual expense, impacting their overall cost of living and financial planning. Accurate assessment and understanding of these taxes are crucial for effective budgeting and long-term financial health.
Average Hensonville Tax Bill
$3,070
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 Hensonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12439 | $1,561 | $2,204 | $3,070 | $3,597 | $4,979 |
Source: Ownwell