Livingston, New York Property Taxes
The median property tax rate in Livingston, NY is 1.74%, 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 Livingston, the typical annual property tax bill reaches $4,238, exceeding the national median of $2,690. Property taxes in Livingston 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 Livingston'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 Livingston 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
Livingston, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$4,409
$4,359
Ownwell’s Livingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston 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 Livingston, New York
Property taxes in Livingston, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston is 1.74%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Livingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston 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 Livingston's effective property tax rate to other counties in New York and the national median. For comparison, the 12541 zip code has the highest median property tax rate of 1.74%, while the same 12541 zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Livingston provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Livingston Tax Rate
1.74%
Average Columbia County Tax Rate
1.71%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Livingston, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12541 | 1.46% | 1.61% | 1.74% | 1.75% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Livingston, New York
In Livingston, 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 Columbia 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 Livingston, 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 Livingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12541 has the highest median tax bill at $4,238, while the lowest median tax bill is also found in the same zip code at $4,238.
Average Livingston Assessed Value
$253,378
Average Columbia County Assessed Value
$284,810
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Livingston, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12541 | $136,122 | $164,717 | $253,378 | $313,183 | $509,877 |
Source: Ownwell
Property Tax Bills Across Livingston, New York
In Livingston, NY, property tax bills are calculated based on the assessed value of a home, which local assessors determine. This assessed value is then multiplied by the local tax rate to arrive at the final tax bill. For instance, the median home price in Livingston is $253,378. Tax bills can vary significantly, with the 25th percentile tax bill at $2,891 and the 75th percentile reaching $5,030. The highest median tax bill in the region is $4,238, found in the 12541 ZIP code. Several factors influence the assessed value, including property size, location, and market conditions. Homeowners in Livingston may find their tax bills higher or lower depending on these variables. Compared to the national median property tax rate of 0.99%, Livingston's rates can be seen as relatively moderate. However, the impact on homeowners can be substantial, especially if they fall within the higher percentiles, such as the 90th percentile, where tax bills can soar up to $9,004. This variability underscores the importance of understanding how local assessments and tax rates influence overall property tax obligations.
Average Livingston Tax Bill
$4,238
Average Columbia County Tax Bill
$4,915
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Livingston, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12541 | $1,789 | $2,891 | $4,238 | $5,030 | $9,004 |
Source: Ownwell