Youngsville, New York Property Taxes
The median property tax rate in Youngsville, NY is 1.29%, which is considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Youngsville at $174,388, the typical annual property tax bill reaches $2,174, still below the national median of $2,690. Property taxes in Youngsville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Youngsville'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 Youngsville 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
Youngsville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,250
$2,224
Ownwell’s Youngsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngsville 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 Youngsville, New York
Property taxes in Youngsville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngsville is 1.29%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Youngsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngsville 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 Youngsville's effective property tax rate to other counties in New York and the national median. For comparison, the 12791 zip code has the highest median property tax rate of 1.29%, while the 12791 zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with Youngsville 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 Youngsville Tax Rate
1.29%
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 Youngsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12791 | 1.03% | 1.29% | 1.29% | 1.31% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Youngsville, New York
In Youngsville, 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 Youngsville, 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 Youngsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12791 has the highest median tax bill at $2,174, which is significantly lower than the national median property tax rate of 0.99%.
Average Youngsville Assessed Value
$174,388
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 Youngsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12791 | $90,203 | $135,135 | $174,388 | $236,640 | $326,577 |
Source: Ownwell
Property Tax Bills Across Youngsville, New York
In Youngsville, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $174,388, homeowners can expect a tax bill that varies significantly depending on the specific assessment and exemptions they qualify for. In Sullivan County, where Youngsville is located, the 25th percentile tax bill is $1,711, while the 75th percentile reaches $2,940, and the 90th percentile can go up to $3,937. These figures indicate a range of property tax burdens that homeowners might face, influenced by factors such as property size, location, and any applicable exemptions. Comparatively, the national median property tax rate is 0.99%, making it essential for Youngsville residents to understand how their local rates and assessments impact their overall tax obligations. Homeowners should stay informed and consider appealing their property assessments if they believe they are inaccurately high.
Average Youngsville Tax Bill
$2,174
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 Youngsville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12791 | $1,097 | $1,711 | $2,174 | $2,940 | $3,937 |
Source: Ownwell