Meridale, New York Property Taxes
The median property tax rate in Meridale, NY is 2.34%, 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 Meridale at $126,750, the typical annual property tax bill reaches $2,946, exceeding the national median of $2,690. Property taxes in Meridale 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 Meridale'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 Meridale 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
Meridale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.34%
Estimate Property Tax Bill
$2,966
$2,933
Ownwell’s Meridale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meridale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meridale 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 Meridale, New York
Property taxes in Meridale, 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 Meridale is 2.34%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Meridale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meridale 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 Meridale's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 13806 has both the highest and the lowest median property tax rate of 2.34%. Understanding how these areas compare with Meridale 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 Meridale Tax Rate
2.34%
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 Meridale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13806 | 2.21% | 2.34% | 2.34% | 2.37% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Meridale, New York
In Meridale, 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 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 Meridale, 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. The median home price in Meridale stands at $126,750, with the 25th percentile tax bill at $1,933 and the 75th percentile tax bill at $4,121. The highest median tax bill in the area is $2,946 in the 13806 zip code, which is also the lowest. 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 Meridale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Meridale Assessed Value
$126,750
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 Meridale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13806 | $64,640 | $84,750 | $126,750 | $179,225 | $242,620 |
Source: Ownwell
Property Tax Bills Across Meridale, New York
In Meridale, NY, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The local tax rate is then applied to this assessed value to determine the final tax bill. Various factors such as property size, location, and improvements can influence the assessed value. The median home price in Meridale is $126,750, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,933, while the 75th percentile reaches up to $4,121. Those at the higher end, in the 90th percentile, face tax bills around $5,571. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and property values can significantly impact what homeowners pay. The highest and lowest median tax bills in the area are both $2,946, indicating some consistency within certain zip codes. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Meridale Tax Bill
$2,946
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 Meridale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13806 | $1,532 | $1,933 | $2,946 | $4,121 | $5,571 |
Source: Ownwell