North Hoosick, New York Property Taxes
The median property tax rate in North Hoosick, NY is 2.97%, 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 North Hoosick at $43,478, the typical annual property tax bill reaches $1,292, exceeding the national median of $2,690. Property taxes in North Hoosick 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 North Hoosick'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 North Hoosick 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
North Hoosick, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.97%
Estimate Property Tax Bill
$1,291
$1,277
Ownwell’s North Hoosick Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Hoosick with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Hoosick 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 North Hoosick, New York
Property taxes in North Hoosick, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Hoosick is 2.97%, significantly higher than the U.S. national median of 0.99%. Local government entities within North Hoosick set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Hoosick 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 North Hoosick's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12133 has both the highest and lowest median property tax rate of 2.97%. Understanding how these areas compare with North Hoosick provides valuable insights into the varying tax landscape across Rensselaer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Hoosick Tax Rate
2.97%
Average Rensselaer County Tax Rate
2.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Hoosick, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12133 | 2.57% | 2.72% | 2.97% | 2.97% | 2.97% |
Source: Ownwell
Property Tax Assessment Values Across North Hoosick, New York
In North Hoosick, 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 Rensselaer 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. Assessment notices in North Hoosick 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 North Hoosick helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1292 in zip code 12133, while the lowest median tax bill is also $1292 in the same zip code.
Average North Hoosick Assessed Value
$43,478
Average Rensselaer County Assessed Value
$193,797
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Hoosick, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12133 | $36,348 | $39,022 | $43,478 | $59,782 | $69,565 |
Source: Ownwell
Property Tax Bills Across North Hoosick, New York
In North Hoosick, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is intended to reflect the market value of the property. Homeowners in North Hoosick typically see property tax bills that vary widely depending on their property's value, with the 25th percentile tax bill at $1,159 and the 75th percentile tax bill at $1,587. For those at the 90th percentile, the tax bill can reach as high as $1,764. These tax bills are influenced by factors such as property size, location, and improvements made to the home. The median home price in North Hoosick is $43,478, which is significantly lower than the national median, making the property tax rate a crucial consideration for homeowners. Compared to the national median property tax rate of 0.99%, the property taxes in North Hoosick can be a significant expense, impacting homeowners' overall financial planning and affordability of living in the area.
Average North Hoosick Tax Bill
$1,292
Average Rensselaer County Tax Bill
$5,040
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across North Hoosick, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12133 | $1,080 | $1,159 | $1,292 | $1,587 | $1,764 |
Source: Ownwell