Saugerties, New York Property Taxes
The median property tax rate in Saugerties, NY is 1.94%, 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 Saugerties at $265,185, the typical annual property tax bill reaches $5,253, exceeding the national median of $2,690. Property taxes in Saugerties 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 Saugerties' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saugerties 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
Saugerties, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$5,145
$5,087
Ownwell’s Saugerties Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saugerties with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saugerties 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 Saugerties, New York
Property taxes in Saugerties, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saugerties is 1.94%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saugerties set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saugerties 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 Saugerties' effective property tax rate to the national median. For comparison, the zip code 12477 has the highest median property tax rate of 1.94%, while also having the lowest median tax rate of 1.94%. Understanding how these values compare with Saugerties 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 Saugerties Tax Rate
1.94%
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 Saugerties, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12477 | 1.79% | 1.85% | 1.94% | 1.97% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Saugerties, New York
In Saugerties, 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 Saugerties, 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. The median home price in Saugerties is $265,185, with tax bills ranging from $5,193 at the 25th percentile to $11,804 at the 90th percentile. The highest and lowest median tax bills are both $5,253 in the 12477 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 Saugerties Assessed Value
$265,185
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 Saugerties, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12477 | $262,222 | $263,333 | $265,185 | $514,692 | $664,395 |
Source: Ownwell
Property Tax Bills Across Saugerties, New York
In Saugerties, NY, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this value, and it is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as the home's market value, location, and any applicable exemptions or abatements influence the assessed value. For homeowners in Saugerties, the median home price is $265,185, and the property tax rates are notably higher than the national median of 0.99%. The median property tax bill in Saugerties stands at $5,253, reflecting the local tax rate and assessed property values. Homeowners in the 25th percentile can expect a tax bill around $5,193, while those in the 75th percentile might see bills as high as $9,347. At the 90th percentile, the tax bill could reach $11,804. These substantial property tax bills can significantly impact homeowners' budgets, making it essential for them to understand how their property is assessed and to explore any available exemptions to reduce their tax burden.
Average Saugerties Tax Bill
$5,253
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 Saugerties, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12477 | $5,157 | $5,193 | $5,253 | $9,347 | $11,804 |
Source: Ownwell