Hortonville, New York Property Taxes
The median property tax rate in Hortonville, NY is 1.34%, which is considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With a median home value of $164,200 in Hortonville, the typical annual property tax bill reaches $2,038, which is below the national median of $2,690. Property taxes in Hortonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hortonville'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 Hortonville or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hortonville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$2,200
$2,175
Ownwell’s Hortonville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hortonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hortonville to provide an accurate estimate of your property tax bill. This invaluable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, localized information on neighborhood trends is available as you scroll down. Your property’s assessed value, determined by Sullivan County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Hortonville, New York
Property taxes in Hortonville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hortonville is 1.34%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hortonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hortonville 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 Hortonville's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12745 has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Hortonville 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 Hortonville Tax Rate
1.34%
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 Hortonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12745 | 1.17% | 1.34% | 1.34% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Hortonville, New York
In Hortonville, 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 Sullivan 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 Hortonville, 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. For instance, the median home price in Hortonville is $164,200, with tax bills ranging from $1,457 at the 25th percentile to $4,560 at the 90th percentile. Notably, the zip code 12745 has both the highest and lowest median tax bill at $2,038. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hortonville Assessed Value
$164,200
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 Hortonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12745 | $91,280 | $112,000 | $164,200 | $256,600 | $459,500 |
Source: Ownwell
Property Tax Bills Across Hortonville, New York
In Hortonville, located in Sullivan 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 and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Hortonville can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,457, while at the 75th percentile, it rises to $3,453. The tax bill can reach as high as $4,560 at the 90th percentile. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. With the national median property tax rate at 0.99%, Hortonville's property tax bills reflect the community's investment in maintaining and improving local amenities.
Average Hortonville Tax Bill
$2,038
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 Hortonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12745 | $993 | $1,457 | $2,038 | $3,453 | $4,560 |
Source: Ownwell