Highland, New York Property Taxes
The median property tax rate in Highland, NY is 2.81%, 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 Highland at $283,951, the typical annual property tax bill reaches $7,952, far exceeding the national median of $2,690. Property taxes in Highland are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Highland'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 Highland 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
Highland, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$7,979
$7,889
Ownwell’s Highland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland 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 Highland, New York
Property taxes in Highland, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland is 2.81%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Highland set these rates annually, and they can vary across different neighborhoods. Each year, Highland 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 Highland's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12528 has the highest and lowest median property tax rate of 2.81%. Understanding how these figures compare with Highland provides valuable insights into the varying tax landscape across Ulster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Highland Tax Rate
2.81%
Average Ulster County Tax Rate
2.67%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12528 | 2.63% | 2.77% | 2.81% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Highland, New York
In Highland, 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 Ulster 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 Highland, 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 Highland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Highland are both $7,952 in zip code 12528.
Average Highland Assessed Value
$283,951
Average Ulster County Assessed Value
$268,649
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Highland, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12528 | $174,321 | $225,679 | $283,951 | $354,568 | $433,951 |
Source: Ownwell
Property Tax Bills Across Highland, New York
In Highland, located in Ulster County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value set by local assessors. 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 $283,951, homeowners can expect varying tax bills depending on their home's specific assessed value and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Highland experience a range of tax bills, with the 25th percentile at $6,424 and the 75th percentile at $9,918. The highest median tax bill in the area is $7,952. These tax bills are higher than the national median property tax rate of 0.99%, reflecting the regional differences in property tax burdens. Consequently, homeowners in Highland must budget for these substantial property tax expenses, which significantly impact their annual financial planning.
Average Highland Tax Bill
$7,952
Average Ulster County Tax Bill
$6,879
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12528 | $4,958 | $6,424 | $7,952 | $9,918 | $12,211 |
Source: Ownwell