Rosendale, New York Property Taxes
The median property tax rate in Rosendale, NY is 2.28%, 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 Rosendale at $268,649, the typical annual property tax bill reaches $6,211, exceeding the national median of $2,690. Property taxes in Rosendale 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 Rosendale'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 Rosendale 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
Rosendale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$6,125
$6,056
Ownwell’s Rosendale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosendale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosendale 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 Rosendale, New York
Property taxes in Rosendale, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosendale is 2.28%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Rosendale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosendale 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 Rosendale's effective property tax rate to other areas in New York and the national median. For comparison, the 12472 zip code has the highest median property tax rate of 2.28%, while the same zip code also has the lowest median tax rate of 2.28%. Understanding how these figures compare with Rosendale provides valuable insights into the varying tax landscape across Ulster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosendale Tax Rate
2.28%
Average Ulster County Tax Rate
2.67%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosendale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12472 | 2.18% | 2.23% | 2.28% | 2.55% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Rosendale, New York
In Rosendale, 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 Ulster County Assessor's 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 Rosendale, 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. Rosendale has a median home price of $268,649, with tax bills varying significantly. For instance, the 25th percentile tax bill is $4,632, while the 75th percentile reaches $7,762, and the 90th percentile goes up to $10,368. The zip code with the highest and lowest median tax bill is 12472, both at $6,211. 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 Rosendale Assessed Value
$268,649
Average Ulster County Assessed Value
$268,649
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosendale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12472 | $130,541 | $214,595 | $268,649 | $329,865 | $407,189 |
Source: Ownwell
Property Tax Bills Across Rosendale, New York
In Rosendale, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Rosendale, the financial impact of property taxes can be significant. The median home price in the area is $268,649, and property tax bills can vary widely. For instance, the tax bill at the 25th percentile is $4,632, while at the 75th percentile, it rises to $7,762. The 90th percentile sees tax bills as high as $10,368. Comparatively, the national median property tax rate is 0.99%, making Rosendale's property tax rates relatively high, which can affect household budgets and long-term financial planning.
Average Rosendale Tax Bill
$6,211
Average Ulster County Tax Bill
$6,879
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosendale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12472 | $2,900 | $4,632 | $6,211 | $7,762 | $10,368 |
Source: Ownwell