Roxbury, New York Property Taxes
The median property tax rate in Roxbury, NY is 1.93%, 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 Roxbury, the typical annual property tax bill reaches $3,557, exceeding the national median of $2,690. Property taxes in Roxbury 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 Roxbury'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 Roxbury 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
Roxbury, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$3,345
$3,307
Ownwell’s Roxbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxbury 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 Roxbury, New York
Property taxes in Roxbury, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxbury is 1.93%, which is considerably higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Roxbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxbury 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 Roxbury's effective property tax rate to other counties in New York and the national median. For comparison, the 12474 zip code has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these cities compare with Roxbury 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 Roxbury Tax Rate
1.93%
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 Roxbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12474 | 1.93% | 1.93% | 1.93% | 2.07% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Roxbury, New York
In Roxbury, 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 Assessment Office 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 Roxbury, 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 Roxbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Roxbury is $173,300, with tax bills ranging from $2,385 at the 25th percentile to $7,854 at the 90th percentile. The highest and lowest median tax bills are both $3,557, found in the 12474 zip code.
Average Roxbury Assessed Value
$173,300
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 Roxbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12474 | $68,680 | $119,900 | $173,300 | $264,600 | $410,560 |
Source: Ownwell
Property Tax Bills Across Roxbury, New York
In Roxbury, located in Delaware County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This value is then multiplied by the property tax rate set by local taxing authorities. For homeowners in Roxbury, the median home price stands at $173,300. The tax bill can vary significantly, with the 25th percentile at $2,385 and the 75th percentile reaching up to $5,048. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. The highest median tax bill in the area is $3,557, which is consistent across different zip codes. This rate is notably higher than the national median property tax rate of 0.99%, making property taxes a significant consideration for homeowners in Roxbury. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Roxbury Tax Bill
$3,557
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 Roxbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12474 | $1,325 | $2,385 | $3,557 | $5,048 | $7,854 |
Source: Ownwell