Glen Wild, New York Property Taxes
The median property tax rate in Glen Wild, NY is 1.50%, 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 Glen Wild, the typical annual property tax bill reaches $3,257, exceeding the national median of $2,690. Property taxes in Glen Wild 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 Glen Wild'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 Glen Wild or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Wild, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$2,965
$2,931
Ownwell’s Glen Wild Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Wild with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Wild 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 Glen Wild, New York
Property taxes in Glen Wild, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Wild is 1.50%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Glen Wild set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Wild 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 Glen Wild's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12738 has the highest median property tax rate of 1.50%, while the same zip code has the lowest median tax rate of 1.50%. Understanding how these areas compare with Glen Wild provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Wild Tax Rate
1.50%
Average Sullivan County Tax Rate
1.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Wild, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12738 | 1.05% | 1.48% | 1.50% | 1.53% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across Glen Wild, New York
In Glen Wild, 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 Sullivan 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 Glen Wild, 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 Glen Wild helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 12738 has both the highest and lowest median tax bills at $3,257, reflecting the unique property values in the area.
Average Glen Wild Assessed Value
$197,643
Average Sullivan County Assessed Value
$159,121
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Wild, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12738 | $95,127 | $132,788 | $197,643 | $275,929 | $355,214 |
Source: Ownwell
Property Tax Bills Across Glen Wild, New York
In Glen Wild, located in Sullivan County, NY, 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 tax rate to determine the annual tax bill. The median home price in Glen Wild is $197,643. Homeowners in this area can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,697, while at the 75th percentile, it rises to $4,744. Those in the 90th percentile may see tax bills as high as $7,665. The highest and lowest median tax bills in the area are both recorded at $3,257, indicating a relatively consistent tax rate across different properties. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Glen Wild's property tax rates reflect the unique economic and infrastructural needs of Sullivan County.
Average Glen Wild Tax Bill
$3,257
Average Sullivan County Tax Bill
$2,467
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Wild, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12738 | $997 | $1,697 | $3,257 | $4,744 | $7,665 |
Source: Ownwell