Suffern, New York Property Taxes
The median property tax rate in Suffern, NY is 2.71%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Suffern at $317,700, the typical annual property tax bill reaches $8,624, far exceeding the national median of $2,690. Property taxes in Suffern 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. Gaining a thorough understanding of Suffern's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Suffern 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
Suffern, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.71%
Estimate Property Tax Bill
$8,610
$8,513
Ownwell’s Suffern Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Suffern with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Suffern 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 Suffern, New York
Property taxes in Suffern, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Suffern is 2.71%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Suffern set these rates annually, and they can vary significantly across different neighborhoods. Each year, Suffern 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 Suffern's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 10901 has the highest median property tax rate of 2.71%, while the same zip code also has the lowest median tax rate of 2.71%. Understanding how these cities compare with Suffern provides valuable insights into the varying tax landscape across Rockland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Suffern Tax Rate
2.71%
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 Suffern, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10901 | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Suffern, New York
In Suffern, 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 local 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 Suffern, 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 Suffern helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 10901 has both the highest and lowest median tax bills at $8,624, which is significantly higher than the national median property tax rate of 0.99%.
Average Suffern Assessed Value
$317,700
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 Suffern, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10901 | $317,700 | $317,700 | $317,700 | $317,700 | $317,700 |
Source: Ownwell
Property Tax Bills Across Suffern, New York
Property tax bills in Suffern, located in Warren County, NY, are calculated based on the assessed value of a property, not its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Suffern face a median property tax bill of $8,624, significantly higher than the national median property tax rate of 0.99%. This substantial tax burden reflects the region’s higher property values and local government funding needs. Several factors influence the assessed value, including the property's size, location, and condition. Local tax authorities periodically reassess properties to ensure the assessed values align with current market conditions. For homeowners, this means that any improvements or renovations can lead to an increased assessed value and, consequently, a higher tax bill. High property taxes can impact homeowners by reducing disposable income and potentially affecting property values over time. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances accordingly.
Average Suffern Tax Bill
$8,624
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 Suffern, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10901 | $8,624 | $8,624 | $8,624 | $8,624 | $8,624 |
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 |