Malden On Hudson, New York Property Taxes
The median property tax rate in Malden on Hudson, NY is 2.64%, 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 Malden on Hudson at $218,250, the typical annual property tax bill reaches $5,611, far exceeding the national median of $2,690. Property taxes in Malden on Hudson are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Malden on Hudson'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 Malden on Hudson 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
Malden On Hudson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$5,762
$5,697
Ownwell’s Malden on Hudson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Malden on Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Malden on Hudson to project your property tax bill. This insightful tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Malden On Hudson, New York
Property taxes in Malden on Hudson, NY, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Malden on Hudson is 2.64%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Malden on Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Malden on Hudson 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 Malden on Hudson's effective property tax rate to other counties in New York and the national median. For comparison, the 12453 zip code has the highest median property tax rate of 2.64%, while the 12453 zip code also has the lowest median tax rate of 2.64%. Understanding how these cities compare with Malden on Hudson 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 Malden On Hudson Tax Rate
2.64%
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 Malden On Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12453 | 2.44% | 2.60% | 2.64% | 2.67% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Malden On Hudson, New York
In Malden on Hudson, 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 Malden on Hudson, 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 Malden on Hudson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $218,250, with tax bills ranging from $4,507 at the 25th percentile to $16,044 at the 90th percentile. The zip code with the highest and lowest median tax bill is 12453, both at $5,611.
Property Tax Assessment Values Across Malden On Hudson, New York
Source: Ownwell
$11,940
$325,334
$638,727
Average Malden On Hudson Assessed Value
$218,250
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 Malden On Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12453 | $136,350 | $168,875 | $218,250 | $375,875 | $684,600 |
Source: Ownwell
Property Tax Bills Across Malden On Hudson, New York
In Malden on Hudson, located in Ulster County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by local assessors and is intended to reflect the market value of the property. The tax rate is set by various local taxing authorities, including the county, school districts, and other municipal entities. Homeowners in Malden on Hudson can expect a wide range of property tax bills. For example, the 25th percentile tax bill is around $4,507, while the 75th percentile tax bill can reach up to $9,225. At the 90th percentile, some homeowners face tax bills as high as $16,044. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in this region. The property tax burden can significantly impact homeowners, influencing their overall housing costs and potentially affecting their ability to afford other expenses. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Malden On Hudson Tax Bill
$5,611
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 Malden On Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12453 | $3,647 | $4,507 | $5,611 | $9,225 | $16,044 |
Source: Ownwell