Wappingers Falls, New York Property Taxes
The median property tax rate in Wappingers Falls, NY is 3.02%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Wappingers Falls at $317,000, the typical annual property tax bill reaches $9,709, far exceeding the national median of $2,690. Property taxes in Wappingers Falls 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 Wappingers Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wappingers Falls 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
Wappingers Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.02%
Estimate Property Tax Bill
$9,573
$8,884
Ownwell’s Wappingers Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wappingers Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wappingers Falls 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 Wappingers Falls, New York
Property taxes in Wappingers Falls, NY, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wappingers Falls is 3.02%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Wappingers Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wappingers Falls 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 Wappingers Falls' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12590 has the highest median property tax rate of 3.02%, while the same zip code also has the lowest median tax rate of 3.02%. Understanding how these cities compare with Wappingers Falls 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 Wappingers Falls Tax Rate
3.02%
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 Wappingers Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12590 | 2.65% | 2.90% | 3.02% | 3.25% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Wappingers Falls, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wappingers Falls, NY. 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 Assessment Office 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 Wappingers Falls, 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 Wappingers Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in the area is $9,709, with the zip code 12590 having both the highest and lowest median tax bills.
Property Tax Assessment Values Across Wappingers Falls, New York
Source: Ownwell
$245,350
$406,675
$568,000
Average Wappingers Falls Assessed Value
$317,000
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 Wappingers Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12590 | $105,900 | $258,000 | $317,000 | $388,500 | $511,960 |
Source: Ownwell
Property Tax Bills Across Wappingers Falls, New York
In Wappingers Falls, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the tax bill. These rates are determined by various taxing authorities, including school districts, municipalities, and special districts. Homeowners in Wappingers Falls face significant property tax bills, with the median tax bill in Dutchess County being $9,709. This is substantially higher than the national median property tax rate of 0.99%. For example, homeowners at the 25th percentile pay around $7,773, while those at the 75th percentile see bills as high as $11,858. At the 90th percentile, tax bills can reach up to $15,466. These high property taxes can impact homeowners by increasing the cost of homeownership, potentially affecting housing affordability and overall financial planning.
Average Wappingers Falls Tax Bill
$9,709
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 Wappingers Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12590 | $3,439 | $7,773 | $9,709 | $11,858 | $15,466 |
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 |