North River, New York Property Taxes
The median property tax rate in North River, NY is 1.70%, 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 North River at $139,200, the typical annual property tax bill reaches $2,351, slightly below the national median of $2,690. Property taxes in North River 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 North River'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 North River 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
North River, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$2,366
$2,340
Ownwell’s North River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North River 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 North River, New York
Property taxes in North River, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North River is 1.70%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North River set these rates annually, and they can vary significantly across different neighborhoods. Each year, North River 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 North River's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12856 has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with North River provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North River Tax Rate
1.70%
Average Warren County Tax Rate
1.79%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across North River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12856 | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across North River, New York
In North River, 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 Warren County Assessment Office 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 North River, 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. For instance, the zip code 12856 has the highest and lowest median tax bill at $2,351. Being aware of these valuation processes in North River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average North River Assessed Value
$139,200
Average Warren County Assessed Value
$215,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North River, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12856 | $55,360 | $89,300 | $139,200 | $229,200 | $332,180 |
Source: Ownwell
Property Tax Bills Across North River, New York
In North River, Warren County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in North River is $139,200, which serves as a baseline for calculating property taxes. Tax bills can vary significantly, with the 25th percentile bill at $1,496 and the 75th percentile bill reaching $3,846. For those in the 90th percentile, tax bills can go up to $5,603. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Homeowners in North River may find their tax bills higher or lower based on these variables. Compared to the national median property tax rate of 0.99%, the rates in North River may seem higher, but they reflect the specific needs and services of the local community. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average North River Tax Bill
$2,351
Average Warren County Tax Bill
$4,027
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across North River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12856 | $929 | $1,496 | $2,351 | $3,846 | $5,603 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Warren Assessment Review Commission | |
| Website | imo.warrencountyny.gov |