East Meredith, New York Property Taxes
The median property tax rate in East Meredith, NY is 2.20%, 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 East Meredith at $154,300, the typical annual property tax bill reaches $3,400, exceeding the national median of $2,690. Property taxes in East Meredith 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 East Meredith'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 East Meredith 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
East Meredith, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$3,395
$3,150
Ownwell’s East Meredith Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Meredith with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Meredith 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 East Meredith, New York
Property taxes in East Meredith, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Meredith is 2.20%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within East Meredith set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Meredith 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 East Meredith's effective property tax rate to other counties in New York and the national median. For comparison, the 13757 zip code has the highest median property tax rate of 2.20%, while the same zip code also has the lowest median tax rate of 2.20%. Understanding how these cities compare with East Meredith provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Meredith Tax Rate
2.20%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Meredith, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13757 | 2.07% | 2.07% | 2.20% | 2.34% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across East Meredith, New York
In East Meredith, 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 Delaware 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 East Meredith, 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 East Meredith helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,400, found in zip code 13757.
Average East Meredith Assessed Value
$154,300
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Meredith, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13757 | $64,100 | $104,300 | $154,300 | $231,000 | $343,000 |
Source: Ownwell
Property Tax Bills Across East Meredith, New York
In East Meredith, Delaware 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 East Meredith face a median property tax rate higher than the national median of 0.99%, leading to significant tax bills. For instance, with a median home price of $154,300, the property tax bill can vary widely. At the 25th percentile, homeowners might pay around $2,292, while those in the 75th percentile could see bills as high as $5,037. The top 10% of homeowners face even steeper taxes, with bills reaching up to $7,232. This variation is influenced by factors such as property improvements, neighborhood developments, and changes in market conditions. Such substantial tax bills can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average East Meredith Tax Bill
$3,400
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across East Meredith, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13757 | $1,309 | $2,292 | $3,400 | $5,037 | $7,232 |
Source: Ownwell