Garnerville, New York Property Taxes
The median property tax rate in Garnerville, NY is 1.12%, higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Garnerville at $371,555, the typical annual property tax bill reaches $4,499, significantly exceeding the national median of $2,690. Property taxes in Garnerville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Garnerville'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 Garnerville or another part of Rockland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garnerville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$4,161
-$43,612
Ownwell’s Garnerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garnerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garnerville 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 Garnerville, New York
Property taxes in Garnerville, NY, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garnerville is 1.12%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Garnerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garnerville 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 Garnerville's effective property tax rate to other counties in New York and the national median. For comparison, the 10923 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Garnerville provides valuable insights into the varying tax landscape across Rockland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garnerville Tax Rate
1.12%
Average Rockland County Tax Rate
9.36%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garnerville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10923 | 0.84% | 0.87% | 1.12% | 4.98% | 5.37% |
Source: Ownwell
Property Tax Assessment Values Across Garnerville, New York
In Garnerville, 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 Rockland 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 Garnerville, 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. For example, the median home price in Garnerville is $371,555, with property tax bills ranging from $3,013 at the 25th percentile to $21,148 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 10923, with a median tax bill of $4,499. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Garnerville, New York
Source: Ownwell
$102,000
$4,272,452
$8,442,903
Average Garnerville Assessed Value
$371,555
Average Rockland County Assessed Value
$130,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garnerville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10923 | $267,154 | $311,656 | $371,555 | $423,052 | $499,255 |
Source: Ownwell
Property Tax Bills Across Garnerville, New York
In Garnerville, Rockland County, NY, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate is applied to this assessed value to determine the annual property tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Garnerville face a median home price of $371,555, which serves as a basis for these calculations. The tax bills in Garnerville show significant variation. For example, the 25th percentile tax bill is $3,013, while the 75th percentile tax bill reaches $14,753. At the higher end, the 90th percentile tax bill can be as much as $21,148. The highest median tax bill recorded in the area is $4,499, which is consistent across the zip code 10923. These taxes significantly impact homeowners, as they must budget for potentially high annual costs. Compared to the national median property tax rate of 0.99%, Garnerville's rates can be quite substantial, reflecting the region's property values and tax policies.
Average Garnerville Tax Bill
$4,499
Average Rockland County Tax Bill
$10,993
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Garnerville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10923 | $2,432 | $3,013 | $4,499 | $14,753 | $21,148 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Rockland Assessment Review Commission | |
| Website | app.regrid.com |