Barrytown, New York Property Taxes
The median property tax rate in Barrytown, NY is 2.33%, 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 Barrytown, the typical annual property tax bill reaches $9,084, exceeding the national median of $2,690. Property taxes in Barrytown 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 Barrytown'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 Barrytown 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
Barrytown, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.33%
Estimate Property Tax Bill
$9,353
$9,247
Ownwell’s Barrytown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barrytown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barrytown 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 Barrytown, New York
Property taxes in Barrytown, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barrytown is 2.33%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Barrytown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barrytown 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 Barrytown's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12507 has the highest median property tax rate of 2.33%, while the same zip code also has the lowest median tax rate of 2.33%. Understanding how these cities compare with Barrytown provides valuable insights into the varying tax landscape across Dutchess County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barrytown Tax Rate
2.33%
Average Dutchess County Tax Rate
2.86%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barrytown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12507 | 2.20% | 2.33% | 2.33% | 2.33% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Barrytown, New York
In Barrytown, 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 Dutchess 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 Barrytown, 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. For instance, the median home price in Barrytown is $401,400, with tax bills ranging from $7,160 at the 25th percentile to $20,547 at the 90th percentile. The highest and lowest median tax bills are both $9,084 in the zip code 12507. 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 Barrytown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barrytown Assessed Value
$401,400
Average Dutchess County Assessed Value
$321,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barrytown, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12507 | $256,860 | $324,700 | $401,400 | $572,950 | $1,337,800 |
Source: Ownwell
Property Tax Bills Across Barrytown, New York
In Barrytown, Dutchess 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 assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and condition play a significant role in determining its assessed value. Homeowners in Barrytown experience varying tax bills, with the 25th percentile at $7,160 and the 75th percentile at $11,464. For those in the 90th percentile, tax bills can reach as high as $20,547. The median home price in Barrytown is $401,400, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Barrytown homeowners often face higher tax rates, reflecting the region's property value and tax policies. This can impact homeowners significantly, affecting monthly budgets and long-term financial planning.
Average Barrytown Tax Bill
$9,084
Average Dutchess County Tax Bill
$9,388
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Barrytown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12507 | $5,245 | $7,160 | $9,084 | $11,464 | $20,547 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Dutchess Assessment Review Commission | |
| Website | gis.dutchessny.gov |