Stony Creek, New York Property Taxes
The median property tax rate in Stony Creek, NY is 1.79%, significantly higher than the national median of 0.99% but lower than the New York state median of 2.39%. With a median home value of $132,558, the typical annual property tax bill in Stony Creek is $2,379, which is below the national median of $2,690. Property taxes in Stony Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stony Creek'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 Stony Creek or another part of Warren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stony Creek, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,373
$2,346
Ownwell’s Stony Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stony Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stony Creek 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 Stony Creek, New York
Property taxes in Stony Creek, 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 Stony Creek is 1.79%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Stony Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stony Creek 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 Stony Creek's effective property tax rate to other counties in New York and the national median. For comparison, the 12878 zip code has the highest median property tax rate of 1.79%, while the same zip code also has the lowest median tax rate of 1.79%. Understanding how these cities compare with Stony Creek 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 Stony Creek Tax Rate
1.79%
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 Stony Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12878 | 1.68% | 1.79% | 1.79% | 1.79% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Stony Creek, New York
In Stony Creek, 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 Stony Creek, 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 Stony Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 12878, with a bill of $2,379.
Average Stony Creek Assessed Value
$132,558
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 Stony Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12878 | $46,628 | $81,104 | $132,558 | $193,314 | $256,744 |
Source: Ownwell
Property Tax Bills Across Stony Creek, New York
In Stony Creek, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value typically reflects a percentage of the market value of the property. Homeowners in Stony Creek, Warren County, can expect varying tax bills depending on several factors, including the property's location within the county and its assessed value. The median home price in Stony Creek is $132,558, and property tax bills can range significantly. For example, tax bills at the 25th percentile are around $1,471, while those at the 75th percentile reach up to $3,444. At the 90th percentile, tax bills can be as high as $4,763. These variations highlight the impact of property value assessments and local tax rates on homeowners' annual tax obligations. Compared to the national median property tax rate of 0.99%, homeowners in Stony Creek may find their tax rates to be relatively high or low depending on their specific property and its assessed value. This can significantly affect the affordability and overall cost of homeownership in the area.
Average Stony Creek Tax Bill
$2,379
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 Stony Creek, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12878 | $856 | $1,471 | $2,379 | $3,444 | $4,763 |
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 |