Yulan, New York Property Taxes
The median property tax rate in Yulan, NY is 1.02%, slightly higher than the national median of 0.99% but significantly lower than the New York state median of 2.39%. With the median home value in Yulan at $196,110, the typical annual property tax bill amounts to $1,847, which is below the national median of $2,690. Property taxes in Yulan 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 Yulan'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 Yulan 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
Yulan, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$2,000
$1,978
Ownwell’s Yulan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yulan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yulan 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 Yulan, New York
Property taxes in Yulan, 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 Yulan is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Yulan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yulan 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 Yulan's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 12792 has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these areas compare with Yulan 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 Yulan Tax Rate
1.02%
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 Yulan, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12792 | 0.87% | 1.02% | 1.02% | 1.02% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Yulan, New York
In Yulan, 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 Yulan, 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 Yulan is $1847 in the 12792 zip code, while the lowest is also $1847 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yulan Assessed Value
$196,110
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 Yulan, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12792 | $96,291 | $144,672 | $196,110 | $261,953 | $369,722 |
Source: Ownwell
Property Tax Bills Across Yulan, New York
In Yulan, 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. A variety of factors influence the assessed value, including the property's market value, location, and any improvements or additions made to the property. For homeowners in Yulan, the tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,322, while the 75th percentile tax bill is $2,354, and the 90th percentile tax bill reaches $3,113. The median home price in Yulan stands at $196,110, making the property tax rate relatively high compared to the national median property tax rate of 0.99%. This disparity in tax bills highlights how different factors such as property value and local tax rates can impact homeowners. Understanding these elements can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Yulan Tax Bill
$1,847
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 Yulan, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12792 | $969 | $1,322 | $1,847 | $2,354 | $3,113 |
Source: Ownwell