Pattersonville, New York Property Taxes
The median property tax rate in Pattersonville, NY is 1.46%, 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 Pattersonville at $164,516, the typical annual property tax bill reaches $2,635, which is just below the national median of $2,690. Property taxes in Pattersonville 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 Pattersonville'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 Pattersonville 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
Pattersonville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,402
$2,375
Ownwell’s Pattersonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pattersonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pattersonville 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 Pattersonville, New York
Property taxes in Pattersonville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pattersonville is 1.46%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pattersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pattersonville 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 Pattersonville's effective property tax rate to other counties in New York and the national median. For comparison, the 12137 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Pattersonville provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pattersonville Tax Rate
1.46%
Average Montgomery County Tax Rate
2.37%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pattersonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12137 | 1.01% | 1.05% | 1.46% | 2.36% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Pattersonville, New York
In Pattersonville, 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 Montgomery County Assessor 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. Assessment notices in Pattersonville 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. For instance, the median home price in Pattersonville is $164,516, with tax bills ranging from $1,566 at the 25th percentile to $4,741 at the 90th percentile. 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 Pattersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pattersonville Assessed Value
$164,516
Average Montgomery County Assessed Value
$107,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pattersonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12137 | $53,763 | $123,387 | $164,516 | $206,182 | $280,215 |
Source: Ownwell
Property Tax Bills Across Pattersonville, New York
In Pattersonville, located in Montgomery County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Pattersonville experience a range of tax bills depending on their property's value and specific location within the city. For instance, the tax bill at the 25th percentile is $1,566, while at the 75th percentile, it rises to $3,787, and at the 90th percentile, it reaches $4,741. The highest and lowest median tax bills both stand at $2,635 in the 12137 zip code. These figures highlight the variability in property taxes within the area, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, Pattersonville's rates reflect the unique economic and property valuation conditions of the region. Homeowners must consider these factors when budgeting for annual expenses and potential property investments.
Average Pattersonville Tax Bill
$2,635
Average Montgomery County Tax Bill
$2,451
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Pattersonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12137 | $954 | $1,566 | $2,635 | $3,787 | $4,741 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Montgomery Assessment Review Commission | |
| Website | www.co.montgomery.ny.us |