Barryville, New York Property Taxes
The median property tax rate in Barryville, NY is 1.02%, slightly above the national median of 0.99% but significantly lower than the New York state median of 2.39%. With a median home value of $224,306, the typical annual property tax bill in Barryville amounts to $2,169, which is below the national median of $2,690. Property taxes in Barryville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Barryville'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 Barryville or another part of Sullivan County, familiarizing yourself with the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barryville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,288
$2,262
Ownwell’s Barryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barryville 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 Barryville, New York
Property taxes in Barryville, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barryville is 1.02%, higher than the U.S. national median of 0.99%. Local government entities within Barryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barryville 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 Barryville's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 12719 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Barryville provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barryville Tax Rate
1.02%
Average Sullivan County Tax Rate
1.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12719 | 1.02% | 1.02% | 1.02% | 1.02% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Barryville, New York
In Barryville, 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 Sullivan County 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 Barryville, 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 Barryville is $224,306, with the 25th percentile tax bill at $1,484 and the 75th percentile at $3,125. The highest and lowest median tax bills are both $2,169, occurring in the zip code 12719. 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 Barryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barryville Assessed Value
$224,306
Average Sullivan County Assessed Value
$159,121
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12719 | $102,750 | $157,396 | $224,306 | $326,320 | $482,361 |
Source: Ownwell
Property Tax Bills Across Barryville, New York
In Barryville, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $224,306, the property tax rate in Barryville is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the home. Additionally, local tax rates and levies for schools, infrastructure, and public services play a significant role. Homeowners in Barryville can expect their tax bills to vary widely, with the 25th percentile paying around $1,484 annually, while those in the 75th percentile face bills of approximately $3,125. At the higher end, the 90th percentile sees tax bills reaching up to $4,181. These property taxes significantly impact homeowners' annual expenses, influencing their overall cost of living and financial planning.
Average Barryville Tax Bill
$2,169
Average Sullivan County Tax Bill
$2,467
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Barryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12719 | $1,004 | $1,484 | $2,169 | $3,125 | $4,181 |
Source: Ownwell