South Cairo, New York Property Taxes
The median property tax rate in South Cairo, NY is 2.05%, 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 South Cairo, the typical annual property tax bill reaches $3,677, exceeding the national median of $2,690. Property taxes in South Cairo 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 South Cairo'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 South Cairo 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
South Cairo, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$3,657
$3,616
Ownwell’s South Cairo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Cairo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Cairo 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 South Cairo, New York
Property taxes in South Cairo, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Cairo is 2.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Cairo set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Cairo 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 South Cairo's effective property tax rate to other areas in Greene County and the national median. For comparison, the 12482 zip code has the highest median property tax rate of 2.05%, while the same zip code also has the lowest median tax rate of 2.05%. Understanding how these areas compare with South Cairo 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 South Cairo Tax Rate
2.05%
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 South Cairo, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12482 | 1.82% | 1.82% | 2.05% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across South Cairo, New York
In South Cairo, 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 South Cairo, 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. For example, the zip code 12482 has the highest median tax bill at $3,677. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average South Cairo Assessed Value
$178,389
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 South Cairo, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12482 | $70,825 | $119,269 | $178,389 | $230,059 | $280,943 |
Source: Ownwell
Property Tax Bills Across South Cairo, New York
In South Cairo, located in 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 the local assessor's office and reflects a percentage of the property's market value. Homeowners in South Cairo can expect varying tax bills depending on several factors, including the assessed value of their property and the specific tax rate applied by local taxing authorities. For instance, the median home price in South Cairo is $178,389. Property tax bills can range significantly, with the 25th percentile at $2,193 and the 75th percentile at $4,623. At the 90th percentile, tax bills can go as high as $5,692. This variability highlights the importance of the assessed value in determining tax obligations. Compared to the national median property tax rate of 0.99%, homeowners in South Cairo may find their tax bills to be relatively high, impacting their overall cost of homeownership. Understanding these factors can help homeowners anticipate and manage their annual property tax expenses.
Average South Cairo Tax Bill
$3,677
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 South Cairo, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12482 | $1,330 | $2,193 | $3,677 | $4,623 | $5,692 |
Source: Ownwell