Pottersville, New York Property Taxes
The median property tax rate in Pottersville, NY is 1.29%, 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 Pottersville, the typical annual property tax bill reaches $1,869, which is below the national median of $2,690. Property taxes in Pottersville 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 Pottersville'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 Pottersville 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
Pottersville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,092
$2,068
Ownwell’s Pottersville Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Pottersville using just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Pottersville to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Warren County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Pottersville, New York
Property taxes in Pottersville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pottersville is 1.29%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pottersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pottersville 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 Pottersville's effective property tax rate to other counties in New York and the national median. For comparison, the 12860 zip code has the highest median property tax rate of 1.29%, while the 12860 zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Pottersville 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 Pottersville Tax Rate
1.29%
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 Pottersville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12860 | 1.06% | 1.06% | 1.29% | 1.30% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Pottersville, New York
In Pottersville, NY, 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 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 Pottersville, 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 Pottersville is $1,869 in the 12860 zip code, while the lowest is also $1,869 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pottersville Assessed Value
$162,150
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 Pottersville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12860 | $52,880 | $94,525 | $162,150 | $246,400 | $345,300 |
Source: Ownwell
Property Tax Bills Across Pottersville, New York
In Pottersville, located in Warren County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The local tax rate is applied to the assessed value to determine the annual property tax bill. For instance, with a median home price of $162,150, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $1,131, while the 75th percentile reaches up to $2,867. Those in the 90th percentile may pay around $4,050 annually. Factors such as property size, location, and market conditions influence the assessed value. In Pottersville, the highest and lowest median tax bills are both $1,869, indicating a consistent tax rate across different areas within the zip code 12860. Homeowners in this region face property taxes that can significantly impact their annual expenses, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Pottersville Tax Bill
$1,869
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 Pottersville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12860 | $627 | $1,131 | $1,869 | $2,867 | $4,050 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Warren Assessment Review Commission | |
| Website | imo.warrencountyny.gov |