Pine Hill, New York Property Taxes
The median property tax rate in Pine Hill, NY is 1.66%, 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 Pine Hill, the typical annual property tax bill reaches $3,884, exceeding the national median of $2,690. Property taxes in Pine Hill 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 Pine Hill'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 Pine Hill 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
Pine Hill, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$4,338
$4,025
Ownwell's Pine Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Hill 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 Pine Hill, New York
Property taxes in Pine Hill, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Hill is 1.66%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pine Hill set these rates annually, and they can vary notably across different neighborhoods. Each year, Pine Hill 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 Pine Hill's effective property tax rate to other counties in New York and the national median. For comparison, the 12465 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these areas compare with Pine Hill 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 Pine Hill Tax Rate
1.66%
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 Pine Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12465 | 1.59% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Pine Hill, New York
In Pine Hill, 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 Pine Hill, 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. The median home price in Pine Hill is $261,300, with tax bills ranging from $3,356 at the 25th percentile to $6,396 at the 90th percentile. The highest and lowest median tax bills are both $3,884 in the 12465 zip code. 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 Pine Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pine Hill Assessed Value
$261,300
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 Pine Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12465 | $141,060 | $206,000 | $261,300 | $348,950 | $396,520 |
Source: Ownwell
Property Tax Bills Across Pine Hill, New York
Property tax bills in Pine Hill, Delaware County, NY, are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate. For Pine Hill, property tax rates are notably higher than the national median of 0.99%. The median home price in Pine Hill is $261,300, and homeowners can expect a range of tax bills. The 25th percentile tax bill is $3,356, while the 75th percentile tax bill reaches $5,288, and the 90th percentile tax bill can be as high as $6,396. These figures illustrate the significant financial impact on homeowners, particularly when compared to the national median. Factors such as property size, location, and improvements play a crucial role in determining the assessed value and, consequently, the tax bill. Homeowners in Pine Hill need to be prepared for these substantial property tax obligations, which can influence their overall financial planning and homeownership experience.
Average Pine Hill Tax Bill
$3,884
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 Pine Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12465 | $2,335 | $3,356 | $3,884 | $5,288 | $6,396 |
Source: Ownwell