North Granville, New York Property Taxes
The median property tax rate in North Granville, NY is 2.45%, 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 Granville, the typical annual property tax bill reaches $2,546, slightly below the national median of $2,690. Property taxes in North Granville 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 Granville'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 Granville 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 Granville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$2,608
$2,578
Ownwell’s North Granville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Granville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Granville 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 Granville, New York
Property taxes in North Granville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Granville is 2.45%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within North Granville set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Granville 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 Granville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12854 has the highest and lowest median property tax rate of 2.45%. Understanding how these cities compare with North Granville 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 North Granville Tax Rate
2.45%
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 North Granville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12854 | 2.09% | 2.39% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across North Granville, New York
In North Granville, 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 local 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 North Granville, 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 North Granville 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 12854, with a median tax bill of $2,546.
Property Tax Assessment Values Across North Granville, New York
Source: Ownwell
$96,720
$606,110
$1,115,500
Average North Granville Assessed Value
$106,437
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 North Granville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12854 | $34,421 | $70,056 | $106,437 | $144,337 | $159,486 |
Source: Ownwell
Property Tax Bills Across North Granville, New York
Property tax bills in North Granville, Washington County, NY are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. In North Granville, the median home price is $106,437, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,571, while the 75th percentile tax bill reaches $3,543. At the higher end, the 90th percentile tax bill is approximately $3,915. This means that depending on the value of their property, homeowners could see significant differences in their annual tax obligations. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Therefore, understanding how your property tax bill is calculated can help homeowners in North Granville better anticipate their annual expenses and plan accordingly.
Average North Granville Tax Bill
$2,546
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 North Granville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12854 | $845 | $1,571 | $2,546 | $3,543 | $3,915 |
Source: Ownwell