Wawarsing, New York Property Taxes
The median property tax rate in Wawarsing, NY is 2.70%, 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 Wawarsing, the typical annual property tax bill reaches $3,153, exceeding the national median of $2,690. Property taxes in Wawarsing are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wawarsing'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 Wawarsing 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
Wawarsing, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$3,200
$3,164
Ownwell’s Wawarsing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wawarsing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wawarsing 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 Wawarsing, New York
Property taxes in Wawarsing, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wawarsing is 2.70%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Wawarsing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wawarsing 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 Wawarsing's effective property tax rate to other counties in New York and the national median. For comparison, the 12489 zip code has the highest median property tax rate of 2.70%, while the same zip code also represents the lowest median tax rate of 2.70%. Understanding how these areas compare with Wawarsing 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 Wawarsing Tax Rate
2.70%
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 Wawarsing, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12489 | 2.15% | 2.65% | 2.70% | 2.70% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Wawarsing, New York
In Wawarsing, 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 Wawarsing, 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. The highest median tax bill in Wawarsing is $3,153, found in the 12489 zip code, which is also the lowest median tax bill in the area. Being aware of these valuation processes in Wawarsing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wawarsing Assessed Value
$118,519
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 Wawarsing, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12489 | $48,914 | $85,308 | $118,519 | $165,062 | $221,679 |
Source: Ownwell
Property Tax Bills Across Wawarsing, New York
Property tax bills in Wawarsing, located in Ulster County, NY, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is derived from the market value of the home, which is periodically evaluated by local assessors. In Wawarsing, the median home price stands at $118,519. The local tax rate is applied to this assessed value, resulting in the annual property tax bill. Homeowners in Wawarsing experience a wide range of tax bills. At the lower end, the 25th percentile tax bill is approximately $2,097, while at the higher end, the 75th percentile tax bill reaches $4,466, and the 90th percentile tax bill can go up to $5,755. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Comparatively, Wawarsing's property tax rates can be considered higher than the national median property tax rate of 0.99%, reflecting the region's commitment to maintaining robust public services.
Average Wawarsing Tax Bill
$3,153
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 Wawarsing, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12489 | $1,293 | $2,097 | $3,153 | $4,466 | $5,755 |
Source: Ownwell