Dover Plains, New York Property Taxes
The median property tax rate in Dover Plains, NY is 2.29%, 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 Dover Plains at $263,500, the typical annual property tax bill reaches $5,978, exceeding the national median of $2,690. Property taxes in Dover Plains 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 Dover Plains' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dover Plains 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
Dover Plains, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.29%
Estimate Property Tax Bill
$6,034
$5,600
Ownwell’s Dover Plains Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover Plains with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover Plains 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 Dover Plains, New York
Property taxes in Dover Plains, 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 Dover Plains is 2.29%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Dover Plains set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover Plains 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 Dover Plains' effective property tax rate to other counties in New York and the national median. For comparison, the 12522 zip code has the highest median property tax rate of 2.29%, while the same zip code also has the lowest median tax rate of 2.29%. Understanding how these cities compare with Dover Plains 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 Dover Plains Tax Rate
2.29%
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 Dover Plains, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12522 | 2.18% | 2.29% | 2.29% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Dover Plains, New York
In Dover Plains, 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 local 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 Dover Plains, 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 Dutchess County stands at $263,500, with tax bills varying significantly. The highest median tax bill in the area is $5,978 in the 12522 zip code, while the lowest median tax bill is also $5,978 in the same 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 Dover Plains helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dover Plains Assessed Value
$263,500
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 Dover Plains, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12522 | $163,800 | $206,000 | $263,500 | $343,700 | $500,640 |
Source: Ownwell
Property Tax Bills Across Dover Plains, New York
In Dover Plains, located in Dutchess County, NY, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Factors such as the property's location, size, condition, and recent sales of similar properties in the area are considered during assessment. The tax rate is then applied to the assessed value to calculate the tax bill. Dover Plains has a median home price of $263,500, and the property tax rate in Dutchess County is relatively high compared to the national median property tax rate of 0.99%. Homeowners in Dover Plains can expect to pay a median tax bill of around $5,978, with the 25th percentile tax bill at $4,686 and the 75th percentile tax bill reaching $7,778. These tax rates significantly impact homeowners, making property taxes a substantial part of homeownership costs in the area.
Average Dover Plains Tax Bill
$5,978
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 Dover Plains, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12522 | $3,727 | $4,686 | $5,978 | $7,778 | $11,099 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Dutchess Assessment Review Commission | |
| Website | gis.dutchessny.gov |