Patterson, New York Property Taxes
The median property tax rate in Patterson, NY is 2.72%, 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 Patterson at $568,000, the typical annual property tax bill reaches $15,457, exceeding the national median of $2,690. Property taxes in Patterson 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 Patterson'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 Patterson 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
Patterson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.72%
Estimate Property Tax Bill
$15,450
$14,337
Ownwell’s Patterson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patterson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patterson 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 Patterson, New York
Property taxes in Patterson, New York, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Patterson is 2.72%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Patterson set these rates annually, and they can vary across different neighborhoods. Each year, Patterson 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 Patterson's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12563 has the highest median property tax rate of 2.72%, while the same zip code also has the lowest median tax rate of 2.72%. Understanding how these cities compare with Patterson 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 Patterson Tax Rate
2.72%
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 Patterson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12563 | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Patterson, New York
In Patterson, 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. Assessment notices in Patterson 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 Patterson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both $15,457 in zip code 12563, highlighting the uniformity in tax bills across the area.
Average Patterson Assessed Value
$568,000
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 Patterson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12563 | $568,000 | $568,000 | $568,000 | $568,000 | $568,000 |
Source: Ownwell
Property Tax Bills Across Patterson, New York
In Patterson, located in Dutchess County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The median home price in Patterson is $568,000. Property taxes are influenced by the local tax rate and the assessed value, which is a percentage of the market value. Homeowners in Patterson face a median property tax bill of $15,457, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill can be attributed to the higher home values and local tax rates in the region. Factors such as property size, location, and improvements can affect the assessed value, and consequently, the tax bill. For homeowners, these taxes contribute to local services such as schools, infrastructure, and emergency services. High property taxes can impact the affordability of homeownership, making it essential for homeowners to understand their tax obligations and explore potential exemptions or appeals to manage their expenses effectively.
Average Patterson Tax Bill
$15,457
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 Patterson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12563 | $15,457 | $15,457 | $15,457 | $15,457 | $15,457 |
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 |