Sloansville, New York Property Taxes
The median property tax rate in Sloansville, NY is 2.89%, 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 Sloansville at $131,836, the typical annual property tax bill reaches $3,450, far exceeding the national median of $2,690. Property taxes in Sloansville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sloansville'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 Sloansville or another part of Montgomery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sloansville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$3,810
$3,767
Ownwell’s Sloansville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sloansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sloansville 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 Montgomery County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sloansville, New York
Property taxes in Sloansville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sloansville is 2.89%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Sloansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sloansville 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 Sloansville's effective property tax rate to other counties in New York and the national median. For comparison, the 12160 zip code has the highest median property tax rate of 2.89%, while the same zip code also has the lowest median tax rate of 2.89%. Understanding how these cities compare with Sloansville provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sloansville Tax Rate
2.89%
Average Montgomery County Tax Rate
2.37%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sloansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12160 | 2.21% | 2.54% | 2.89% | 3.07% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Sloansville, New York
In Sloansville, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Montgomery 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 Sloansville, 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 Sloansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sloansville, the highest and lowest median tax bills are both $3,450 in zip code 12160.
Average Sloansville Assessed Value
$131,836
Average Montgomery County Assessed Value
$107,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sloansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12160 | $24,291 | $62,026 | $131,836 | $166,456 | $238,063 |
Source: Ownwell
Property Tax Bills Across Sloansville, New York
In Sloansville, Montgomery County, NY, property tax bills are primarily determined by the assessed value of a home and the local tax rate. For instance, the median home price in Sloansville stands at $131,836. Homeowners in this region can expect their property tax bills to vary significantly based on their property's assessed value and the applied tax rate. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. The tax bill for homeowners in Sloansville ranges widely. At the 25th percentile, homeowners might pay around $1,770 annually, while those at the 75th percentile could see bills as high as $4,636. The top 10% of homeowners face even steeper bills, with amounts reaching up to $7,308. These tax bills can significantly impact homeowners' budgets, making it essential for them to understand how their property is valued and taxed. Compared to the national median property tax rate of 0.99%, Sloansville's rates reflect the region's specific economic and market conditions.
Average Sloansville Tax Bill
$3,450
Average Montgomery County Tax Bill
$2,451
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Sloansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12160 | $898 | $1,770 | $3,450 | $4,636 | $7,308 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Montgomery Assessment Review Commission | |
| Website | www.co.montgomery.ny.us |