Thiells, New York Property Taxes
The median property tax rate in Thiells, NY is 1.14%, 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 Thiells at $416,620, the typical annual property tax bill reaches $5,079, exceeding the national median of $2,690. Property taxes in Thiells 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 Thiells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Thiells or another part of Rockland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Thiells, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,749
-$49,774
Ownwell’s Thiells Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Thiells with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Thiells 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 Thiells, New York
Property taxes in Thiells, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thiells is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Thiells set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thiells 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 Thiells' effective property tax rate to other areas in Rockland County and the national median. For comparison, the zip code 10984 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Thiells provides valuable insights into the varying tax landscape across Rockland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Thiells Tax Rate
1.14%
Average Rockland County Tax Rate
9.36%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thiells, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10984 | 1.08% | 1.12% | 1.14% | 5.36% | 6.58% |
Source: Ownwell
Property Tax Assessment Values Across Thiells, New York
In Thiells, 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 Rockland 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 Thiells, 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. For instance, the median home price in Thiells is $416,620, with tax bills ranging from $4,568 at the 25th percentile to $22,532 at the 90th percentile. The zip code 10984 has the highest and lowest median tax bill, both at $5,079. 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 Thiells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Thiells Assessed Value
$416,620
Average Rockland County Assessed Value
$130,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Thiells, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10984 | $191,718 | $383,296 | $416,620 | $451,420 | $510,546 |
Source: Ownwell
Property Tax Bills Across Thiells, New York
In Thiells, located in Rockland County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Thiells is $416,620, and the property tax rate in Rockland County is higher than the national median of 0.99%. Consequently, homeowners in Thiells can expect to pay a significant amount in property taxes. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. In Thiells, the 25th percentile of tax bills is $4,568, while the 75th percentile reaches $12,613, and the 90th percentile goes up to $22,532. These figures indicate a wide range in tax bills, reflecting the diversity in property values and home conditions within the area. Homeowners should be aware that their tax bills can significantly impact their annual budget, making it essential to understand how these assessments are made.
Average Thiells Tax Bill
$5,079
Average Rockland County Tax Bill
$10,993
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Thiells, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10984 | $4,039 | $4,568 | $5,079 | $12,613 | $22,532 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Rockland Assessment Review Commission | |
| Website | app.regrid.com |