Carlisle, New York Property Taxes
The median property tax rate in Carlisle, NY is 2.84%, 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 Carlisle, the typical annual property tax bill reaches $3,482, exceeding the national median of $2,690. Property taxes in Carlisle 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 Carlisle'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 Carlisle 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
Carlisle, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.84%
Estimate Property Tax Bill
$3,482
$3,443
Ownwell’s Carlisle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carlisle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carlisle 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 Carlisle, New York
Property taxes in Carlisle, New York, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carlisle is 2.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within Carlisle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carlisle 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 Carlisle's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12031 has the highest median property tax rate of 2.84%, while the same zip code also has the lowest median tax rate of 2.84%. Understanding how these cities compare with Carlisle provides valuable insights into the varying tax landscape across Schoharie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carlisle Tax Rate
2.84%
Average Schoharie County Tax Rate
2.84%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carlisle, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12031 | 2.35% | 2.71% | 2.84% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Carlisle, New York
In Carlisle, 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 Schoharie County Assessment Office 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 Carlisle, 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. The median home price in Carlisle is $122,609, with property tax bills ranging significantly. For example, the 25th percentile tax bill is $2,683, while the 75th percentile reaches $4,771, and the 90th percentile hits $5,690. The highest and lowest median tax bills, both at $3,482, are found in zip code 12031. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Carlisle Assessed Value
$122,609
Average Schoharie County Assessed Value
$130,625
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carlisle, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12031 | $45,669 | $97,043 | $122,609 | $174,330 | $238,295 |
Source: Ownwell
Property Tax Bills Across Carlisle, New York
In Carlisle, property tax bills are calculated based on the assessed value of your home, which is determined by the Schoharie County tax assessor. The assessed value is a percentage of the market value of your property, which is then multiplied by the local tax rate to determine your annual tax bill. For instance, with a median home price of $122,609, homeowners can expect to pay a substantial amount in property taxes. The tax bill varies significantly, with the 25th percentile paying around $2,683 and the 75th percentile facing bills as high as $4,771. At the 90th percentile, the tax bill can reach up to $5,690. These figures highlight the range of property tax burdens within the area. The highest median tax bill in the region is $3,482, indicating some variability depending on specific property assessments and local tax rates. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services, but they also represent a significant annual expense that can impact household budgets. Understanding how these taxes are calculated can help homeowners plan and manage their finances more effectively.
Average Carlisle Tax Bill
$3,482
Average Schoharie County Tax Bill
$3,729
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Carlisle, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12031 | $956 | $2,683 | $3,482 | $4,771 | $5,690 |
Source: Ownwell