Trout Creek, Delaware County, New York Property Taxes
Median Trout Creek, NY effective property tax rate: 4.05%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Trout Creek, NY home value: $40,850
Median annual Trout Creek, NY tax bill: $1,582, $818 lower than the national median property tax bill of $2,400.
How are property taxes in Delaware calculated?
Property taxes in Trout Creek, 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 Trout Creek’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Trout Creek, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Trout Creek, Delaware County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.05%
Estimate Property Tax Bill
$1,654
$1,535
Property Tax Rates Across Trout Creek, Delaware County, New York
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county estimates its required budget to provide essential services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Trout Creek, located in Delaware County, the effective property tax rate is notably higher than both the state and national medians. With a median property tax rate of 4.05%, Trout Creek stands out within New York, where rates can vary significantly across different regions. This rate is substantially higher than the national median property tax rate of 1.02%. This comparison highlights the diversity in property tax rates across the country and underscores the importance of understanding local tax obligations. By being aware of these variations, property owners in Trout Creek can better navigate their financial responsibilities and make informed decisions about property ownership in the area.
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 Trout Creek Tax Rate
4.05%
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 Trout Creek, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13847 | 3.81% | 3.82% | 4.05% | 4.15% | 4.31% |
Source: Ownwell
Property Tax Assessment Values Across Trout Creek, Delaware County, New York
When examining property taxes in Trout Creek, 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 Trout Creek. For example, the median home price in Trout Creek is $40,850, with tax bills ranging significantly across the county. Zip code 13847 has the highest median home price at $40,850.
Property Tax Assessment Values Across Trout Creek, Delaware County, New York
Source: Ownwell
$40,850
$151,075
$261,300
Median Trout Creek Market Value
$40,850
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 Trout Creek, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13847 | $13,350 | $27,050 | $40,850 | $53,775 | $80,000 |
Source: Ownwell
Property Tax Bills Across Trout Creek, Delaware County, New York
In Trout Creek, Delaware County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this region face a median tax bill of $1,582, which is notably lower than the national median of $2,400. Factors influencing this tax bill include the assessed value of the property and any applicable exemptions or deductions. With a median home price of $40,850, Trout Creek residents benefit from a relatively affordable tax burden. However, tax bills can vary significantly, with the 25th percentile at $1,145 and the 75th percentile reaching $2,000, demonstrating the importance of accurate assessments and exemptions.
Ownwell offers valuable assistance to homeowners by identifying potential savings through property tax appeals and exemption services. By evaluating the assessed value and ensuring all eligible exemptions are applied, Ownwell can help homeowners reduce their tax bills, ensuring they pay only their fair share. This service is particularly beneficial in managing and potentially lowering property tax expenses, providing financial relief to homeowners in Trout Creek.
Median Trout Creek Tax Bill
$1,582
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 Trout Creek, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13847 | $620 | $1,145 | $1,582 | $2,000 | $3,088 |
Source: Ownwell