Rock City Falls, New York Property Taxes
The median property tax rate in Rock City Falls, NY is 1.76%, 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 Rock City Falls at $277,124, the typical annual property tax bill reaches $4,477, significantly exceeding the national median of $2,690. Property taxes in Rock City 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 Rock City 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 Rock City 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
Rock City Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$4,877
$4,822
Ownwell’s Rock City Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock City Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock City 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 Rock City Falls, New York
Property taxes in Rock City Falls, 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 Rock City Falls is 1.76%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Rock City Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock City 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 Rock City Falls' effective property tax rate to other counties in New York and the national median. For comparison, the 12863 zip code has the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Rock City Falls 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 Rock City Falls Tax Rate
1.76%
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 Rock City Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12863 | 1.22% | 1.57% | 1.76% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Rock City Falls, New York
In Rock City 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 Saratoga County Assessor's Office 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 Rock City 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. Being aware of these valuation processes in Rock City Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 12863, with a median tax bill of $4,477.
Property Tax Assessment Values Across Rock City Falls, New York
Source: Ownwell
$132,911
$259,274
$385,636
Average Rock City Falls Assessed Value
$277,124
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 Rock City Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12863 | $108,654 | $176,471 | $277,124 | $366,013 | $431,373 |
Source: Ownwell
Property Tax Bills Across Rock City Falls, New York
In Rock City Falls, located in Saratoga County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $277,124, homeowners might expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $2,800, while at the 75th percentile, it reaches up to $6,648. Those at the 90th percentile could see bills as high as $8,331. These figures highlight the range of property tax burdens that homeowners in Rock City Falls may face, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Rock City Falls experience a diverse range of tax bills, which can significantly impact their annual expenses.
Average Rock City Falls Tax Bill
$4,477
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 Rock City Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12863 | $1,736 | $2,800 | $4,477 | $6,648 | $8,331 |
Source: Ownwell