Long Eddy, New York Property Taxes
The median property tax rate in Long Eddy, NY is 1.01%, slightly above the national median of 0.99% and significantly lower than the New York state median of 2.39%. With a median home value of $177,400 in Long Eddy, the typical annual property tax bill amounts to $1,600, which is below the national median of $2,690. Property taxes in Long Eddy are determined based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Long Eddy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Long Eddy 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
Long Eddy, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$1,792
$1,772
Ownwell’s Long Eddy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Eddy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Eddy 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 Long Eddy, New York
Property taxes in Long Eddy, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Eddy is 1.01%, slightly higher than the U.S. national median of 0.99%. Local government entities within Long Eddy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Eddy 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 Long Eddy's effective property tax rate to other areas in New York and the national median. For comparison, the 12760 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these areas compare with Long Eddy 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 Long Eddy Tax Rate
1.01%
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 Long Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12760 | 0.99% | 0.99% | 1.01% | 1.03% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Long Eddy, New York
In Long Eddy, 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 Long Eddy, 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 Long Eddy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Long Eddy is $177,400, with tax bills ranging from $1,004 at the 25th percentile to $3,576 at the 90th percentile. The zip code 12760 has both the highest and lowest median tax bill of $1,600.
Average Long Eddy Assessed Value
$177,400
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 Long Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12760 | $87,400 | $115,900 | $177,400 | $254,600 | $326,000 |
Source: Ownwell
Property Tax Bills Across Long Eddy, New York
In Long Eddy, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $177,400. Property taxes are influenced by several factors including the home's assessed value, local government budgets, and specific tax rates. The assessed value is determined by local assessors who evaluate the property’s market value and then apply an assessment ratio. Homeowners in Long Eddy can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,004, while at the 75th percentile, it reaches $2,192. At the 90th percentile, the tax bill can be as high as $3,576. The median tax bill in the area is $1,600. Given that the national median property tax rate is 0.99%, the property taxes in Long Eddy can be seen as relatively moderate, affecting homeowners by contributing to local services such as schools, infrastructure, and emergency services.
Average Long Eddy Tax Bill
$1,600
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 Long Eddy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12760 | $834 | $1,004 | $1,600 | $2,192 | $3,576 |
Source: Ownwell