Shushan, New York Property Taxes
The median property tax rate in Shushan, NY is 2.46%, 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 Shushan at $185,000, the typical annual property tax bill reaches $4,420, exceeding the national median of $2,690. Property taxes in Shushan 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 Shushan'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 Shushan 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
Shushan, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$4,551
$4,500
Ownwell’s Shushan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shushan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shushan 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 Washington County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shushan, New York
Property taxes in Shushan, 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 Shushan is 2.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shushan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shushan 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 Shushan's effective property tax rate to other areas and the national median. For comparison, the highest and lowest median property tax rates in the area are both 2.46%, as seen in the zip code 12873. Understanding how these cities compare with Shushan 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 Shushan Tax Rate
2.46%
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 Shushan, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12873 | 2.22% | 2.43% | 2.46% | 2.51% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Shushan, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shushan, New York. 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 Washington 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 Shushan, 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 zip code 12873, for instance, has the highest and lowest median tax bill at $4,420. Being aware of these valuation processes in Shushan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shushan Assessed Value
$185,000
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 Shushan, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12873 | $93,690 | $130,000 | $185,000 | $260,000 | $356,400 |
Source: Ownwell
Property Tax Bills Across Shushan, New York
Property tax bills in Shushan, located in Washington County, NY, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor's office and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Shushan, the tax bills can vary significantly. For example, the 25th percentile tax bill is $3,233, while the 75th percentile tax bill is $6,489, and the 90th percentile tax bill reaches $8,531. This variability can significantly impact homeowners, with those owning higher-valued properties paying more in taxes. Compared to the national median property tax rate of 0.99%, the property tax obligations in Shushan can be quite substantial, affecting the overall affordability and financial planning for homeowners in the area.
Average Shushan Tax Bill
$4,420
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 Shushan, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12873 | $2,178 | $3,233 | $4,420 | $6,489 | $8,531 |
Source: Ownwell