Fishkill, New York Property Taxes
The median property tax rate in Fishkill, NY is 2.95%, 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 Fishkill at $315,000, the typical annual property tax bill reaches $9,133, exceeding the national median of $2,690. Property taxes in Fishkill 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 Fishkill'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 Fishkill 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
Fishkill, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.95%
Estimate Property Tax Bill
$9,293
$9,188
Ownwell’s Fishkill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fishkill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fishkill 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 Fishkill, New York
Property taxes in Fishkill, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fishkill is 2.95%, significantly higher than both the New York state median of 1.4% and the U.S. national median of 0.99%. Local government entities within Fishkill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fishkill 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 Fishkill's effective property tax rate to other counties in New York and the national median. For comparison, the 12524 zip code has the highest median property tax rate of 2.95%, while the 12524 zip code also has the lowest median tax rate of 2.95%. Understanding how these cities compare with Fishkill 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 Fishkill Tax Rate
2.95%
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 Fishkill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12524 | 2.64% | 2.86% | 2.95% | 2.96% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Fishkill, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fishkill, NY. The market value represents the price a willing buyer would pay a willing seller in an open 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 Fishkill, 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 Fishkill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $315,000, with property tax bills ranging from $7,238 at the 25th percentile to $14,386 at the 90th percentile. The zip code 12524 has the highest and lowest median tax bill of $9,133.
Average Fishkill Assessed Value
$315,000
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 Fishkill, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12524 | $175,600 | $255,100 | $315,000 | $400,000 | $500,860 |
Source: Ownwell
Property Tax Bills Across Fishkill, New York
Property tax bills in Fishkill, Dutchess County, NY, are calculated based on the assessed value of a property and the local tax rate. The median home price in Fishkill is $315,000. Homeowners in this area can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is $7,238, while at the 75th percentile, it rises to $11,653. At the 90th percentile, the tax bill can reach up to $14,386. These bills are determined by multiplying the assessed value of the property by the applicable tax rate. Factors such as property size, location, and improvements can influence the assessed value. For instance, the highest median tax bill in Fishkill is $9,133, which can be found in the zip code 12524. This is considerably higher than the national median property tax rate of 0.99%, highlighting the substantial impact on homeowners in this region. Understanding these details can help property owners better anticipate their annual expenses.
Average Fishkill Tax Bill
$9,133
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 Fishkill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12524 | $4,285 | $7,238 | $9,133 | $11,653 | $14,386 |
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 |