Woodridge, New York Property Taxes
The median property tax rate in Woodridge, NY is 2.73%, significantly higher than both the national median of 0.99% and New York's state median of 2.39%. With a median home value of $141,975 in Woodridge, the typical annual property tax bill reaches $3,870, far exceeding the national median of $2,690. Property taxes in Woodridge 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 Woodridge'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 Woodridge 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
Woodridge, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.73%
Estimate Property Tax Bill
$3,876
$3,832
Ownwell’s Woodridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodridge 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 Woodridge, New York
Property taxes in Woodridge, 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 Woodridge is 2.73%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Woodridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodridge 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 Woodridge's effective property tax rate to other counties in New York and the national median. For comparison, the 12789 zip code has both the highest and lowest median property tax rate of 2.73%. Understanding how these cities compare with Woodridge 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 Woodridge Tax Rate
2.73%
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 Woodridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12789 | 2.55% | 2.73% | 2.73% | 2.73% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Woodridge, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodridge, NY. 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 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 Woodridge, 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. The median home price in Woodridge stands at $141,975, with tax bills ranging from $2,589 at the 25th percentile to $8,993 at the 90th percentile. The highest and lowest median tax bills are both $3,870, found in the zip code 12789. 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 Woodridge Assessed Value
$141,975
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 Woodridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12789 | $70,938 | $102,840 | $141,975 | $238,580 | $434,419 |
Source: Ownwell
Property Tax Bills Across Woodridge, New York
In Woodridge, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's market value, improvements made to the home, and comparable property values in the area. For homeowners in Woodridge, the median home price is $141,975. Property tax bills can vary significantly, with the 25th percentile at $2,589 and the 75th percentile at $5,293. The 90th percentile tax bill can reach up to $8,993, indicating a wide range of tax burdens depending on the property's assessed value and location within the city. Compared to the national median property tax rate of 0.99%, homeowners in Woodridge face varying rates that can impact their overall financial planning and budgeting. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Woodridge Tax Bill
$3,870
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 Woodridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12789 | $1,926 | $2,589 | $3,870 | $5,293 | $8,993 |
Source: Ownwell