Eagle Bridge, New York Property Taxes
The median property tax rate in Eagle Bridge, NY is 2.63%, 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 Eagle Bridge, the typical annual property tax bill reaches $4,595, exceeding the national median of $2,690. Property taxes in Eagle Bridge 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 Eagle Bridge'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 Eagle Bridge 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
Eagle Bridge, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.63%
Estimate Property Tax Bill
$4,497
$4,447
Ownwell’s Eagle Bridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle Bridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle Bridge 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 Eagle Bridge, New York
Property taxes in Eagle Bridge, 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 Eagle Bridge is 2.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Eagle Bridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Bridge 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 Eagle Bridge's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12057 has both the highest and the lowest median property tax rate of 2.63%. Understanding how these cities compare with Eagle Bridge provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Bridge Tax Rate
2.63%
Average Washington County Tax Rate
2.41%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Bridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12057 | 2.37% | 2.63% | 2.63% | 2.91% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Bridge, New York
In Eagle Bridge, 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 Washington 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. Assessment notices in Eagle Bridge 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. The median home price in Eagle Bridge is $171,000, with tax bills ranging from $3,362 at the 25th percentile to $7,795 at the 90th percentile. The zip code 12057 has the highest and lowest median tax bill of $4,595. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eagle Bridge, New York
Source: Ownwell
$96,720
$606,110
$1,115,500
Average Eagle Bridge Assessed Value
$171,000
Average Washington County Assessed Value
$158,585
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle Bridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12057 | $53,880 | $122,250 | $171,000 | $221,000 | $297,600 |
Source: Ownwell
Property Tax Bills Across Eagle Bridge, New York
In Eagle Bridge, Washington 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 and is meant to reflect the market value of the property. Homeowners in Eagle Bridge face a median property tax rate that is significantly higher than the national median of 0.99%. For instance, the median home price in Eagle Bridge is $171,000, leading to a substantial tax bill for many residents. Several factors influence the final tax bill, including the property's assessed value, exemptions, and the local tax rate. In Eagle Bridge, the 25th percentile tax bill is $3,362, while the 75th percentile tax bill rises to $5,944. For those at the 90th percentile, the tax bill can be as high as $7,795. These high property taxes can significantly impact homeowners by increasing their annual expenses, making it crucial for residents to understand how their tax bills are determined and explore potential exemptions or appeals.
Average Eagle Bridge Tax Bill
$4,595
Average Washington County Tax Bill
$3,943
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Bridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12057 | $1,511 | $3,362 | $4,595 | $5,944 | $7,795 |
Source: Ownwell