Highland Falls, New York Property Taxes
The median property tax rate in Highland Falls, NY is 2.44%, 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 Highland Falls at $282,000, the typical annual property tax bill reaches $6,823, exceeding the national median of $2,690. Property taxes in Highland Falls 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 Highland Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Highland Falls 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
Highland Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.44%
Estimate Property Tax Bill
$6,881
$6,803
Ownwell’s Highland Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland Falls 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 Highland Falls, New York
Property taxes in Highland Falls, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland Falls is 2.44%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Highland Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland Falls 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 Highland Falls' effective property tax rate to other areas in Orange County and the national median. For comparison, the zip code 10928 has the highest median property tax rate of 2.44%, while the same zip code also has the lowest median tax rate of 2.44%. Understanding how these figures compare with Highland Falls provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highland Falls Tax Rate
2.44%
Average Orange County Tax Rate
2.78%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10928 | 2.39% | 2.44% | 2.44% | 2.44% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Highland Falls, New York
In Highland Falls, 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 Orange 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 Highland Falls, 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 this area is $282,000, with tax bills ranging from $5,701 at the 25th percentile to $9,556 at the 90th percentile. Being aware of these valuation processes in Highland Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Highland Falls, New York
Source: Ownwell
$122,700
$313,000
$503,300
Average Highland Falls Assessed Value
$282,000
Average Orange County Assessed Value
$278,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highland Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10928 | $199,460 | $233,300 | $282,000 | $324,300 | $387,580 |
Source: Ownwell
Property Tax Bills Across Highland Falls, New York
In Highland Falls, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in the area is $282,000, and the property tax rate is significantly higher than the national median of 0.99%. The assessed value is a critical factor in calculating the tax bill, as it represents the value assigned to a property by the local tax assessor. Homeowners in Highland Falls can expect their tax bills to vary widely. The 25th percentile tax bill is approximately $5,701, while the 75th percentile reaches around $7,889. For those at the 90th percentile, the tax bill can soar to $9,556. These amounts can significantly impact household budgets, making it essential for homeowners to understand their assessed property values and the local tax rates. The highest and lowest median tax bills in Highland Falls are the same, standing at $6,823, which is notably higher than the national median. This underscores the importance of appealing assessments to ensure fair taxation.
Average Highland Falls Tax Bill
$6,823
Average Orange County Tax Bill
$7,888
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10928 | $4,792 | $5,701 | $6,823 | $7,889 | $9,556 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Orange Assessment Review Commission | |
| Website | gis.orangecountygov.com |