Huletts Landing, New York Property Taxes
The median property tax rate in Huletts Landing, NY is 1.72%, 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 Huletts Landing, the typical annual property tax bill reaches $7,934, exceeding the national median of $2,690. Property taxes in Huletts Landing 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 Huletts Landing'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 Huletts Landing 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
Huletts Landing, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$7,396
$7,313
Ownwell’s Huletts Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huletts Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huletts Landing 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 Huletts Landing, New York
Property taxes in HULETTS LANDING, 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 HULETTS LANDING is 1.72%, significantly higher than both New York's state median and the U.S. national median of 0.99%. Local government entities within HULETTS LANDING set these rates annually, and they can vary significantly across different neighborhoods. Each year, HULETTS LANDING 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 HULETTS LANDING's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12841 has the highest median property tax rate of 1.72%, while the same zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with HULETTS LANDING provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huletts Landing Tax Rate
1.72%
Average Washington County Tax Rate
2.41%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huletts Landing, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12841 | 1.72% | 1.72% | 1.72% | 1.72% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Huletts Landing, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Huletts Landing, NY. 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 Washington County 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. 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. In Huletts Landing, the median home price is $430,000. The median tax bill for the highest and lowest zip codes, both being 12841, is $7,934. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Huletts Landing, New York
Source: Ownwell
$96,720
$606,110
$1,115,500
Average Huletts Landing Assessed Value
$430,000
Average Washington County Assessed Value
$158,585
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huletts Landing, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12841 | $201,000 | $283,000 | $430,000 | $820,000 | $1,205,000 |
Source: Ownwell
Property Tax Bills Across Huletts Landing, New York
Property tax bills in Huletts Landing, located in Washington County, NY, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the local assessor's office. Factors such as property size, location, and condition are considered when assessing the value. In Huletts Landing, the median home price is $430,000. Property tax rates can vary, leading to different tax bills. For instance, the 25th percentile tax bill is $5,091, while the 75th percentile reaches $14,457, and the 90th percentile can be as high as $21,118. These property taxes significantly impact homeowners by contributing to the cost of homeownership. Compared to the national median property tax rate of 0.99%, Huletts Landing's property tax bills are notably higher. This can influence decisions on purchasing property in the area, as higher taxes may affect affordability and long-term financial planning for residents.
Average Huletts Landing Tax Bill
$7,934
Average Washington County Tax Bill
$3,943
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Huletts Landing, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12841 | $3,579 | $5,091 | $7,934 | $14,457 | $21,118 |
Source: Ownwell