Alpine, New York Property Taxes
The median property tax rate in Alpine, NY is 2.29%, 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 Alpine, the typical annual property tax bill reaches $2,638, just below the national median of $2,690. Property taxes in Alpine 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 Alpine'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 Alpine 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
Alpine, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$2,562
$2,377
Ownwell’s Alpine Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Alpine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alpine 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 Alpine, New York
Property taxes in Alpine, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alpine is 2.29%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Alpine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpine 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 Alpine's effective property tax rate to other counties in New York and the national median. For comparison, the 14805 zip code has the highest median property tax rate of 2.29%, which is also the rate for the lowest median tax rate in the same zip code. Understanding how these cities compare with Alpine provides valuable insights into the varying tax landscape across Chemung County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpine Tax Rate
2.29%
Average Chemung County Tax Rate
2.93%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpine, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14805 | 2.29% | 2.29% | 2.29% | 2.55% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across Alpine, New York
In Alpine, 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 Chemung 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 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. For example, the median home price in Alpine is $111,856. The tax bill at the 25th percentile is $1,982, while at the 75th percentile, it is $5,894. The highest median tax bill is $2,638 in the 14805 zip code, which also has the lowest median tax bill at $2,638. 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 Alpine Assessed Value
$111,856
Average Chemung County Assessed Value
$104,684
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpine, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14805 | $64,989 | $83,505 | $111,856 | $245,361 | $354,021 |
Source: Ownwell
Property Tax Bills Across Alpine, New York
In Alpine, Chemung 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 local assessors and represents a percentage of the property's market value. Homeowners in Alpine can expect property tax bills that vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,982, while the 75th percentile tax bill is $5,894, and the 90th percentile tax bill reaches up to $8,505. These figures indicate a wide range of tax burdens, reflecting the diversity in property values within the area. The median home price in Alpine is $111,856, which helps to contextualize these tax amounts. Comparatively, the national median property tax rate is 0.99%, highlighting that Alpine's property tax bills can be higher than average. High property taxes can impact homeowners by increasing their annual expenses, potentially affecting affordability and long-term financial planning.
Average Alpine Tax Bill
$2,638
Average Chemung County Tax Bill
$3,435
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpine, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14805 | $1,626 | $1,982 | $2,638 | $5,894 | $8,505 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Chemung Assessment Review Commission | |
| Website | www.arcgis.com |