Kattskill Bay, New York Property Taxes
The median property tax rate in Kattskill Bay, NY is 1.15%, 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 Kattskill Bay at $967,100, the typical annual property tax bill reaches $10,980, exceeding the national median of $2,690. Property taxes in Kattskill Bay 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 Kattskill Bay'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 Kattskill Bay 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
Kattskill Bay, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$11,122
$10,996
Ownwell’s Kattskill Bay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kattskill Bay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kattskill Bay 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 Kattskill Bay, New York
Property taxes in Kattskill Bay, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kattskill Bay is 1.15%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Kattskill Bay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kattskill Bay 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 Kattskill Bay's effective property tax rate to other counties in New York and the national median. For comparison, the 12844 zip code has the highest median property tax rate of 1.15%, while the same 12844 zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Kattskill Bay provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kattskill Bay Tax Rate
1.15%
Average Warren County Tax Rate
1.79%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kattskill Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12844 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Kattskill Bay, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kattskill Bay, 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 Warren 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 Kattskill Bay, 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 Kattskill Bay is $967,100, with tax bills ranging from $4,817 at the 25th percentile to $24,873 at the 90th percentile. The ZIP code 12844 notably has both the highest and lowest median tax bills, each at $10,980. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage their tax burden effectively.
Average Kattskill Bay Assessed Value
$967,100
Average Warren County Assessed Value
$215,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kattskill Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12844 | $219,300 | $418,600 | $967,100 | $1,589,800 | $2,161,420 |
Source: Ownwell
Property Tax Bills Across Kattskill Bay, New York
In Kattskill Bay, located in Warren County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value. This assessment is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. For instance, the median home price in Kattskill Bay is $967,100. Homeowners in the 25th percentile can expect a tax bill around $4,817, while those in the 75th percentile might see bills as high as $18,295. At the 90th percentile, tax bills can reach up to $24,873. These property taxes fund essential local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Kattskill Bay may experience higher tax bills due to the area's higher property values, affecting their overall cost of living.
Average Kattskill Bay Tax Bill
$10,980
Average Warren County Tax Bill
$4,027
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Kattskill Bay, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12844 | $2,523 | $4,817 | $10,980 | $18,295 | $24,873 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Warren Assessment Review Commission | |
| Website | imo.warrencountyny.gov |