Mooers Forks, New York Property Taxes
The median property tax rate in Mooers Forks, NY is 2.62%, 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 Mooers Forks at $121,000, the typical annual property tax bill reaches $3,028, exceeding the national median of $2,690. Property taxes in Mooers Forks 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 Mooers Forks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mooers Forks 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
Mooers Forks, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$3,170
$2,942
Ownwell’s Mooers Forks Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mooers Forks with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mooers Forks 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 Mooers Forks, New York
Property taxes in Mooers Forks, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mooers Forks is 2.62%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Mooers Forks set these rates annually, and they can vary across different neighborhoods. Each year, Mooers Forks 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 Mooers Forks' effective property tax rate to other areas in Clinton County and the national median. For comparison, the 12959 zip code has the highest median property tax rate of 2.62%, while the same zip code also has the lowest median tax rate of 2.62%. Understanding how these areas compare with Mooers Forks provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mooers Forks Tax Rate
2.62%
Average Clinton County Tax Rate
2.57%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mooers Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12959 | 2.32% | 2.40% | 2.62% | 2.62% | 2.64% |
Source: Ownwell
Property Tax Assessment Values Across Mooers Forks, New York
In Mooers Forks, 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 Clinton 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 Mooers Forks, 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 Mooers Forks helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $121,000, with tax bills ranging from $1,627 at the 25th percentile to $5,424 at the 90th percentile. The highest and lowest median tax bills are both $3,028, found in the 12959 zip code.
Average Mooers Forks Assessed Value
$121,000
Average Clinton County Assessed Value
$146,700
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mooers Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12959 | $35,000 | $67,500 | $121,000 | $164,500 | $214,300 |
Source: Ownwell
Property Tax Bills Across Mooers Forks, New York
In Mooers Forks, Clinton County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $121,000, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,627, while at the 75th percentile, it reaches $4,152. The 90th percentile sees tax bills as high as $5,424. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the local tax environment. Such high property taxes can impact homeowners by increasing their annual expenses, potentially influencing their decisions on homeownership and property investments. The highest and lowest median tax bills in the area are both $3,028, indicating a consistent tax rate across different properties. Understanding these factors is crucial for homeowners in managing their finances and long-term planning.
Average Mooers Forks Tax Bill
$3,028
Average Clinton County Tax Bill
$3,822
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Mooers Forks, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12959 | $874 | $1,627 | $3,028 | $4,152 | $5,424 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Clinton Assessment Review Commission | |
| Website | clinco.maps.arcgis.com |