West Hurley, New York Property Taxes
The median property tax rate in West Hurley, NY is 1.52%, 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 West Hurley, the typical annual property tax bill reaches $3,881, exceeding the national median of $2,690. Property taxes in West Hurley 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 West Hurley’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 West Hurley 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
West Hurley, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$3,939
$3,895
Ownwell’s WEST HURLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST HURLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST HURLEY 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 West Hurley, New York
Property taxes in West Hurley, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Hurley is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within West Hurley set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Hurley 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 West Hurley's effective property tax rate to other areas in Ulster County and the national median. For comparison, the zip code 12491 has the highest median property tax rate of 1.52%, while the lowest median tax rate in the area is also 1.52%. Understanding how these areas compare with West Hurley 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 West Hurley Tax Rate
1.52%
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 West Hurley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12491 | 1.42% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across West Hurley, New York
In West Hurley, 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 West Hurley, 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 West Hurley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $3,881 in the 12491 zip code.
Average West Hurley Assessed Value
$259,162
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 West Hurley, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12491 | $137,630 | $210,733 | $259,162 | $334,456 | $396,702 |
Source: Ownwell
Property Tax Bills Across West Hurley, New York
In West Hurley, located in Ulster County, 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 meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In West Hurley, the median home price is $259,162. Homeowners in the 25th percentile of tax bills pay around $3,047, while those in the 75th percentile face bills closer to $4,975. At the 90th percentile, tax bills can reach $6,015. Compared to the national median property tax rate of 0.99%, West Hurley's property tax rates can significantly impact homeowners, making it essential for property owners to understand how their tax bills are calculated and what factors are at play.
Average West Hurley Tax Bill
$3,881
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 West Hurley, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12491 | $1,913 | $3,047 | $3,881 | $4,975 | $6,015 |
Source: Ownwell