Livingston Manor, New York Property Taxes
The median property tax rate in Livingston Manor, NY is 2.31%, 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 Livingston Manor, the typical annual property tax bill reaches $4,131, exceeding the national median of $2,690. Property taxes in Livingston Manor 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 Livingston Manor'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 Livingston Manor 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
Livingston Manor, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$3,176
$3,140
Ownwell’s Livingston Manor Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Livingston Manor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston Manor 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 Livingston Manor, New York
Property taxes in Livingston Manor, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston Manor is 2.31%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Livingston Manor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston Manor 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 Livingston Manor's effective property tax rate to other counties in New York and the national median. For comparison, the 12758 zip code has the highest median property tax rate of 2.31%, while the same zip code also has the lowest median tax rate of 2.31%. Understanding how these cities compare with Livingston Manor provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Livingston Manor Tax Rate
2.31%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livingston Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12758 | 2.31% | 2.31% | 2.31% | 3.21% | 3.21% |
Source: Ownwell
Property Tax Assessment Values Across Livingston Manor, New York
In Livingston Manor, 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 Delaware 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 Livingston Manor, 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 Livingston Manor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $4,131, with the highest and lowest median tax bills both found in zip code 12758.
Property Tax Assessment Values Across Livingston Manor, New York
Source: Ownwell
$11,700
$136,500
$261,300
Average Livingston Manor Assessed Value
$137,500
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Livingston Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12758 | $31,000 | $75,000 | $137,500 | $553,100 | $792,440 |
Source: Ownwell
Property Tax Bills Across Livingston Manor, New York
In Livingston Manor, Delaware County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors like the property's market value, improvements, and local tax levies contribute to the final assessment. For homeowners, this means that a median home price of $137,500 can result in varying tax bills depending on the assessed value and applicable exemptions. Tax bills in Livingston Manor show a wide range: from the 25th percentile at $2,408 to the 75th percentile at $12,773, and up to the 90th percentile at $18,300. These figures highlight the significant impact property taxes can have on household budgets. Comparatively, the median property tax rate in Livingston Manor is higher than the national median of 0.99%, reflecting the unique economic and fiscal conditions of the area. Homeowners must stay informed about their property's assessed value and any potential exemptions to manage their tax liabilities effectively.
Average Livingston Manor Tax Bill
$4,131
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12758 | $989 | $2,408 | $4,131 | $12,773 | $18,300 |
Source: Ownwell