Edinburg, New York Property Taxes
The median property tax rate in Edinburg, NY is 0.86%, which is lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Edinburg at $274,876, the typical annual property tax bill amounts to $2,038, falling below the national median of $2,690. Property taxes in Edinburg are calculated based on the tax assessed value, which often is less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Edinburg'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 Edinburg 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
Edinburg, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$2,364
$2,337
Ownwell’s Edinburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Edinburg. By simply inputting your property's estimated assessed value, the calculator uses the median tax rate in Edinburg to provide an accurate estimate of your property tax bill. This tool offers clear insights into your potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down. Your property's assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Edinburg, New York
Property taxes in Edinburg, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Edinburg is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Edinburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edinburg 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 Edinburg's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12134 has both the highest and lowest median property tax rate of 0.86%. Understanding how these cities compare with Edinburg provides valuable insights into the varying tax landscape across Saratoga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edinburg Tax Rate
0.86%
Average Saratoga County Tax Rate
1.62%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edinburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | 0.74% | 0.78% | 0.86% | 0.94% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Edinburg, New York
In Edinburg, 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 Saratoga 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 Edinburg, 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. For instance, the highest median tax bill in Edinburg is $2038, while the lowest is also $2038, both in the zip code 12134. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Edinburg Assessed Value
$274,876
Average Saratoga County Assessed Value
$282,609
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edinburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | $102,425 | $167,094 | $274,876 | $382,657 | $447,326 |
Source: Ownwell
Property Tax Bills Across Edinburg, New York
In Edinburg, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. Homeowners in Edinburg, located in Saratoga County, NY, experience a range of tax bills depending on their property's assessed value. For instance, the median home price in Edinburg is $274,876, and the property tax bill for the 25th percentile is $1,320, while the 75th percentile reaches $2,756. The highest median tax bill in the area is $2,038, recorded in the 12134 zip code. These figures highlight the variability in property tax bills, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Edinburg's property taxes can significantly impact homeowners, affecting their overall financial planning and homeownership costs.
Average Edinburg Tax Bill
$2,038
Average Saratoga County Tax Bill
$4,340
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Edinburg, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12134 | $889 | $1,320 | $2,038 | $2,756 | $3,188 |
Source: Ownwell