Piermont, New York Property Taxes
The median property tax rate in Piermont, NY is 0.55%, considerably lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Piermont at $539,032, the typical annual property tax bill reaches $3,698, surpassing the national median of $2,690. Property taxes in Piermont 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 Piermont'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 Piermont 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
Piermont, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$2,965
-$31,070
Ownwell’s Piermont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Piermont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Piermont 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 Piermont, New York
Property taxes in Piermont, New York, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Piermont is 0.55%, which is significantly lower than the New York state median and the U.S. national median of 0.99%. Local government entities within Piermont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piermont 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 Piermont's effective property tax rate to other counties in New York and the national median. For comparison, the 10968 zip code has both the highest and lowest median property tax rate of 0.55%. Understanding how these cities compare with Piermont 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 Piermont Tax Rate
0.55%
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 Piermont, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10968 | 0.40% | 0.50% | 0.55% | 3.00% | 4.24% |
Source: Ownwell
Property Tax Assessment Values Across Piermont, New York
In Piermont, 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 Piermont, 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 Piermont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Piermont residents can expect median tax bills around $3,698, with the highest and lowest median tax bills both recorded in zip code 10968.
Average Piermont Assessed Value
$539,032
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 Piermont, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10968 | $231,286 | $323,706 | $539,032 | $768,846 | $973,853 |
Source: Ownwell
Property Tax Bills Across Piermont, New York
In Piermont, Rockland County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to generate the annual tax bill. Factors such as market conditions, property size, and improvements can influence the assessed value. For instance, the median home price in Piermont is $539,032, which serves as a benchmark for understanding typical tax bills in the area. Homeowners in Piermont experience a wide range of tax bills. At the 25th percentile, the tax bill is around $2,158, while at the 75th percentile, it reaches $13,117. Those at the 90th percentile face tax bills as high as $25,564. The median property tax bill in the area is $3,698, which is significantly higher than the national median property tax rate of 0.99%. These property tax bills directly impact homeowners' annual expenses, making it crucial to understand how these taxes are calculated and what factors contribute to them.
Average Piermont Tax Bill
$3,698
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 Piermont, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10968 | $1,315 | $2,158 | $3,698 | $13,117 | $25,564 |
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 |