Margaretville, Delaware County, New York Property Taxes
Median Margaretville, NY effective property tax rate: 1.67%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Margaretville, NY home value: $180,900
Median annual Margaretville, NY tax bill: $3,133, $733 higher than the national median property tax bill of $2,400.
How are property taxes in Delaware County calculated?
Property taxes in Margaretville, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Margaretville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Margaretville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Margaretville, Delaware County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.67%
Estimate Property Tax Bill
$3,021
$2,803
Property Tax Rates Across Margaretville, Delaware County, New York
Local government entities set tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
Margaretville in Delaware County, NY, has an effective property tax rate that reflects these local calculations. Compared to other cities in New York, Margaretville’s rate is consistent with the county's approach to budgeting and taxation. The median property tax rate in New York is higher than the national median of 1.02%, indicating a greater emphasis on property taxes to fund local services.
Residents in Margaretville face a property tax rate aligned with the county's fiscal strategy, which impacts their annual tax bill. Understanding these variations can help property owners make informed decisions and potentially benefit from property tax appeal services if discrepancies arise.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Margaretville Tax Rate
1.67%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Delaware County Tax Rate
2.34%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Margaretville, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12455 | 1.60% | 1.67% | 1.67% | 1.70% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Margaretville, Delaware County, New York
When examining property taxes in Margaretville, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Delaware County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Delaware County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Margaretville.
For example, the median home price in Margaretville is $180,900, with tax bills ranging significantly across the county. 12455 has the highest median home price at $180,900.
Property Tax Assessment Values Across Margaretville, Delaware County, New York
Source: Ownwell
$40,850
$151,075
$261,300
Median Margaretville Market Value
$180,900
Median Delaware County Market Value
$129,271
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Margaretville, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12455 | $84,200 | $131,750 | $180,900 | $267,650 | $375,640 |
Source: Ownwell
Property Tax Bills Across Margaretville, Delaware County, New York
In Margaretville, located in Delaware County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. With a median home price of $180,900, homeowners often face tax bills that vary significantly. The 25th percentile tax bill is $2,228, while the 75th percentile reaches $4,573, and the 90th percentile climbs to $6,270. These figures highlight the potential financial burden on homeowners, especially when compared to the national median property tax bill of $2,400.
Factors influencing tax bills include changes in assessed property values and local government budget needs. For homeowners, these fluctuations can lead to unexpected increases in their tax obligations, impacting their financial planning. Ownwell steps in to assist by offering property tax appeal and exemption services to potentially lower these costs. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners contest inflated tax bills, ensuring they pay only their fair share. This service can lead to significant savings, providing much-needed relief for property owners in Margaretville.
Median Margaretville Tax Bill
$3,133
Median Delaware County Tax Bill
$3,106
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Margaretville, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12455 | $1,403 | $2,228 | $3,133 | $4,573 | $6,270 |
Source: Ownwell