Clinton Corners, New York Property Taxes
The median property tax rate in Clinton Corners, NY is 1.71%, 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 Clinton Corners at $387,900, the typical annual property tax bill reaches $6,881, significantly exceeding the national median of $2,690. Property taxes in Clinton Corners 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 Clinton Corners' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clinton Corners or another part of Dutchess County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clinton Corners, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$6,633
$6,558
Ownwell’s Clinton Corners Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton Corners with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton Corners 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 Clinton Corners, New York
Property taxes in Clinton Corners, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton Corners is 1.71%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clinton Corners set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton Corners 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 Clinton Corners' effective property tax rate to other counties in New York and the national median. For comparison, the 12514 zip code has the highest median property tax rate of 1.71%, while the same 12514 zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Clinton Corners 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 Clinton Corners Tax Rate
1.71%
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 Clinton Corners, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12514 | 1.59% | 1.59% | 1.71% | 1.83% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Clinton Corners, New York
In Clinton Corners, 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 authorities 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 Clinton Corners, 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 Clinton Corners helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $387,900, and the median tax bill is $6,881, which is significantly higher than the national median property tax rate of 0.99%. The zip code 12514 holds both the highest and lowest median tax bills at $6,881.
Property Tax Assessment Values Across Clinton Corners, New York
Source: Ownwell
$245,350
$406,675
$568,000
Average Clinton Corners Assessed Value
$387,900
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 Clinton Corners, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12514 | $251,790 | $305,700 | $387,900 | $554,750 | $870,400 |
Source: Ownwell
Property Tax Bills Across Clinton Corners, New York
In Clinton Corners, Dutchess County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and represents a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, homes in Clinton Corners with a median home price of $387,900 can expect significant variation in their tax bills. The 25th percentile tax bill is around $5,302, while those in the 75th percentile might pay up to $9,900. At the 90th percentile, tax bills can soar to $15,468. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. While the median tax bill in Clinton Corners is notably higher than the national median property tax rate of 0.99%, it reflects the value placed on essential community services and amenities.
Average Clinton Corners Tax Bill
$6,881
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 Clinton Corners, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12514 | $4,065 | $5,302 | $6,881 | $9,900 | $15,468 |
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 |