Hunter, New York Property Taxes
The median property tax rate in Hunter, NY is 1.55%, 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 Hunter, the typical annual property tax bill reaches $3,753, exceeding the national median of $2,690. Property taxes in Hunter 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 Hunter'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 Hunter 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
Hunter, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$3,638
$3,597
Ownwell’s HUNTER Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in HUNTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HUNTER 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 Hunter, New York
Property taxes in Hunter, 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 Hunter is 1.55%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hunter set these rates annually, and they can vary across different neighborhoods. Each year, Hunter 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 Hunter's effective property tax rate to other areas in Greene County and the national median. For comparison, the zip code 12442 has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these areas compare with Hunter 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 Hunter Tax Rate
1.55%
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 Hunter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12442 | 1.40% | 1.46% | 1.55% | 1.69% | 1.75% |
Source: Ownwell
Property Tax Assessment Values Across Hunter, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hunter, NY. 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 Greene 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 Hunter, 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 Hunter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Hunter is 12442, with a median tax bill of $3,753.
Average Hunter Assessed Value
$234,708
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 Hunter, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12442 | $85,395 | $127,433 | $234,708 | $325,250 | $434,750 |
Source: Ownwell
Property Tax Bills Across Hunter, New York
In Hunter, located in Greene County, NY, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. This value is then multiplied by the local tax rate to arrive at the final tax bill. The median home price in Hunter is $234,708, and homeowners can expect varying tax bills depending on their property's assessed value. For instance, tax bills in the 25th percentile are around $1,898, while those in the 75th percentile reach approximately $5,194. At the 90th percentile, tax bills can soar to $7,060. These tax bills significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in Hunter are both $3,753, indicating some level of consistency within the area. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Hunter Tax Bill
$3,753
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 Hunter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12442 | $1,255 | $1,898 | $3,753 | $5,194 | $7,060 |
Source: Ownwell