Sparrow Bush, New York Property Taxes
The median property tax rate in Sparrow Bush, NY is 2.85%, 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 Sparrow Bush at $210,000, the typical annual property tax bill reaches $5,744, exceeding the national median of $2,690. Property taxes in Sparrow Bush 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 Sparrow Bush'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 Sparrow Bush 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
Sparrow Bush, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$5,985
$5,918
Ownwell’s Sparrow Bush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sparrow Bush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sparrow Bush 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 Sparrow Bush, New York
Property taxes in Sparrow Bush, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sparrow Bush is 2.85%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sparrow Bush set these rates annually, and they can vary across different neighborhoods. Each year, Sparrow Bush 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 Sparrow Bush's effective property tax rate to other areas and the national median. For comparison, the zip code 12780 has both the highest and lowest median property tax rate of 2.85%. Understanding how these areas compare with Sparrow Bush 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 Sparrow Bush Tax Rate
2.85%
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 Sparrow Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12780 | 2.69% | 2.85% | 2.85% | 2.86% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Sparrow Bush, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sparrow Bush, NY. 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 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. Assessment notices in Sparrow Bush 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 Sparrow Bush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sparrow Bush, the median home price is $210,000. The 25th percentile tax bill is $4,184, while the 75th percentile tax bill is $7,589. The 90th percentile tax bill reaches up to $9,157. The zip code 12780 has both the highest and lowest median tax bill, which stands at $5,744.
Average Sparrow Bush Assessed Value
$210,000
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 Sparrow Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12780 | $105,020 | $152,250 | $210,000 | $273,700 | $328,300 |
Source: Ownwell
Property Tax Bills Across Sparrow Bush, New York
In Sparrow Bush, located in Orange County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office, which estimates the market value of the home. This assessed value is then multiplied by the local tax rate to determine the property tax bill. For homeowners in Sparrow Bush, the median home price stands at $210,000, and tax bills can vary significantly. Factors such as property size, location, and market conditions influence the assessed value. For example, the tax bill at the 25th percentile is $4,184, while at the 75th percentile, it rises to $7,589. At the 90th percentile, homeowners may face tax bills as high as $9,157. The highest and lowest median tax bills in the area are both $5,744, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Sparrow Bush homeowners may experience higher tax bills, reflecting the local market dynamics and property values.
Average Sparrow Bush Tax Bill
$5,744
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 Sparrow Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12780 | $2,806 | $4,184 | $5,744 | $7,589 | $9,157 |
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 |