Coeymans Hollow, New York Property Taxes
The median property tax rate in Coeymans Hollow, NY is 2.50%, 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 Coeymans Hollow at $161,982, the typical annual property tax bill reaches $3,952, exceeding the national median of $2,690. Property taxes in Coeymans Hollow 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 Coeymans Hollow'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 Coeymans Hollow or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coeymans Hollow, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$4,050
$4,004
Ownwell’s Coeymans Hollow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coeymans Hollow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coeymans Hollow 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 Coeymans Hollow, New York
Property taxes in Coeymans Hollow, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coeymans Hollow is 2.50%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Coeymans Hollow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coeymans Hollow 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 Coeymans Hollow's effective property tax rate to other counties in New York and the national median. For comparison, the 12046 zip code has the highest median property tax rate of 2.50%, while the same 12046 zip code also has the lowest median tax rate of 2.50%. Understanding how these cities compare with Coeymans Hollow provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coeymans Hollow Tax Rate
2.50%
Average Greene County Tax Rate
2.04%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coeymans Hollow, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12046 | 2.39% | 2.50% | 2.50% | 2.50% | 2.50% |
Source: Ownwell
Property Tax Assessment Values Across Coeymans Hollow, New York
In Coeymans Hollow, 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 local assessment authority 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 Coeymans Hollow, 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 Coeymans Hollow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3952, found in the 12046 zip code.
Property Tax Assessment Values Across Coeymans Hollow, New York
Source: Ownwell
$75,676
$213,802
$351,927
Average Coeymans Hollow Assessed Value
$161,982
Average Greene County Assessed Value
$210,370
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coeymans Hollow, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12046 | $111,784 | $120,540 | $161,982 | $242,883 | $382,343 |
Source: Ownwell
Property Tax Bills Across Coeymans Hollow, New York
In Coeymans Hollow, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and represents a percentage of the property's market value. Several factors influence the tax bill, including the property's location, size, and any improvements made. Homeowners in Coeymans Hollow face a median home price of $161,982, with tax bills ranging significantly. At the 25th percentile, tax bills are around $2,984, while those at the 75th percentile reach $5,152. For the highest 10% of properties, tax bills can soar to $6,705. These property taxes fund essential services such as schools, emergency services, and infrastructure maintenance. Compared to the national median property tax rate of 0.99%, homeowners in Coeymans Hollow may experience varying financial impacts depending on their property's assessed value. Understanding these factors is crucial for homeowners to manage their financial planning and anticipate future tax liabilities.
Average Coeymans Hollow Tax Bill
$3,952
Average Greene County Tax Bill
$4,183
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Coeymans Hollow, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12046 | $2,791 | $2,984 | $3,952 | $5,152 | $6,705 |
Source: Ownwell