Maplecrest, New York Property Taxes
The median property tax rate in Maplecrest, NY is 1.24%, 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 Maplecrest at $263,701, the typical annual property tax bill reaches $3,363, exceeding the national median of $2,690. Property taxes in Maplecrest 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 Maplecrest'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 Maplecrest 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
Maplecrest, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,270
$3,233
Ownwell’s Maplecrest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maplecrest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maplecrest 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 Maplecrest, New York
Property taxes in Maplecrest, New York, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Maplecrest is 1.24%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Maplecrest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maplecrest 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 Maplecrest's effective property tax rate to other areas in New York and the national median. For comparison, the 12454 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these areas compare with Maplecrest 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 Maplecrest Tax Rate
1.24%
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 Maplecrest, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12454 | 1.24% | 1.24% | 1.24% | 1.24% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Maplecrest, New York
In Maplecrest, 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 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 Maplecrest, 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 Maplecrest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Maplecrest is $3,363 in the 12454 zip code, while the lowest median tax bill is also $3,363 in the same zip code.
Average Maplecrest Assessed Value
$263,701
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 Maplecrest, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12454 | $123,026 | $170,746 | $263,701 | $383,020 | $549,520 |
Source: Ownwell
Property Tax Bills Across Maplecrest, New York
In Maplecrest, Greene County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value typically reflects a percentage of the property's market value. Homeowners in Maplecrest can expect their tax bills to vary significantly, with the 25th percentile at $2,187 and the 75th percentile reaching $4,797. For those in the 90th percentile, tax bills can soar to $6,841. Factors influencing these amounts include the property's assessed value, local tax rates, and applicable exemptions. The median home price in Maplecrest is $263,701, and with the national median property tax rate at 0.99%, homeowners here might find their tax rates relatively high. The highest and lowest median tax bills in the area are both recorded at $3,363, indicating some consistency in assessed values and tax rates within the specified zip code. These tax bills significantly impact homeowners' annual expenses, making it crucial to understand how local assessments and rates affect their financial obligations.
Average Maplecrest Tax Bill
$3,363
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 Maplecrest, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12454 | $1,492 | $2,187 | $3,363 | $4,797 | $6,841 |
Source: Ownwell