Middle Grove, New York Property Taxes
The median property tax rate in Middle Grove, NY is 1.58%, 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 Middle Grove at $219,085, the typical annual property tax bill reaches $3,145, exceeding the national median of $2,690. Property taxes in Middle Grove 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 Middle Grove'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 Middle Grove 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
Middle Grove, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$3,462
$3,423
Ownwell’s Middle Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middle Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middle Grove 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 Middle Grove, New York
Property taxes in Middle Grove, New York, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Middle Grove is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Middle Grove set these rates annually, and they can vary across different neighborhoods. Each year, Middle Grove 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 Middle Grove's effective property tax rate to other areas in Saratoga County and the national median. For comparison, the 12850 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these areas compare with Middle Grove provides valuable insights into the varying tax landscape across Saratoga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middle Grove Tax Rate
1.58%
Average Saratoga County Tax Rate
1.62%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middle Grove, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12850 | 0.88% | 1.39% | 1.58% | 1.73% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Middle Grove, New York
In Middle Grove, 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 Saratoga 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 Middle Grove, 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 Middle Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12850 has both the highest and lowest median tax bill at $3,145.
Average Middle Grove Assessed Value
$219,085
Average Saratoga County Assessed Value
$282,609
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middle Grove, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12850 | $69,883 | $123,511 | $219,085 | $313,725 | $433,610 |
Source: Ownwell
Property Tax Bills Across Middle Grove, New York
Property tax bills in Middle Grove, Saratoga County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and represents a percentage of the property's market value. Homeowners in Middle Grove face a median property tax rate that can vary significantly within the area. For instance, the tax bill at the 25th percentile is $1,663, while at the 75th percentile, it rises to $4,891, and at the 90th percentile, it can reach $6,864. These variations are influenced by factors such as property location, size, and condition. With the national median property tax rate at 0.99%, homeowners in Middle Grove may find their tax rates comparatively higher or lower, depending on their specific circumstances. The highest median tax bill in the area is $3,145, which underscores the importance of understanding local property assessments and tax rates. This variability can significantly impact homeowners' annual financial planning and overall affordability of homeownership in Middle Grove.
Average Middle Grove Tax Bill
$3,145
Average Saratoga County Tax Bill
$4,340
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Middle Grove, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12850 | $834 | $1,663 | $3,145 | $4,891 | $6,864 |
Source: Ownwell