Saint Remy, New York Property Taxes
The median property tax rate in Saint Remy, NY is 0.71%, which is notably lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Saint Remy at $268,274, the typical annual property tax bill amounts to $1,911, falling short of the national median of $2,690. Property taxes in Saint Remy are calculated based on the tax assessed value, which generally comes in below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Remy'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 Saint Remy 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
Saint Remy, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,905
$1,883
Ownwell’s Saint Remy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Remy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Remy 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 Saint Remy, New York
Property taxes in Saint Remy, New York, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Remy is 0.71%, which is lower than the New York state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Saint Remy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Remy 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 Saint Remy's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12401 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these areas compare with Saint Remy 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 Saint Remy Tax Rate
0.71%
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 Saint Remy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12401 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Saint Remy, New York
In Saint Remy, 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 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 Saint Remy, 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 Saint Remy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 12401, with a median tax bill of $1,911.
Average Saint Remy Assessed Value
$268,274
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 Saint Remy, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12401 | $268,274 | $268,274 | $268,274 | $268,274 | $268,274 |
Source: Ownwell
Property Tax Bills Across Saint Remy, New York
In Saint Remy, located in Ulster County, NY, property tax bills are calculated based on the assessed value of the property, which is determined by local tax assessors. The assessed value is a percentage of the market value of the home. For homeowners in Saint Remy, the median home price is $268,274. The property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements made can influence the assessed value. In Saint Remy, the property tax rate results in a median tax bill of $1,911, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a stable tax environment in the area. Compared to the national median property tax rate of 0.99%, homeowners in Saint Remy experience a moderate tax burden. Understanding how these taxes are calculated can help homeowners budget effectively and anticipate their annual financial obligations.
Average Saint Remy Tax Bill
$1,911
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 Saint Remy, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12401 | $1,911 | $1,911 | $1,911 | $1,911 | $1,911 |
Source: Ownwell