Keene, Essex County, New York Property Taxes
The median property tax rate in Keene, NY is 2.17%, 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 Keene at $304,000, the typical annual property tax bill reaches $6,306, far exceeding the national median of $2,690. Property taxes in Keene are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Keene'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 Keene 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
Keene, Essex County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.17%
Estimate Property Tax Bill
$6,597
$6,122
Ownwell’s Keene Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keene with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keene 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 Keene, Essex County, New York
Property taxes in Keene, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keene is 2.17%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Keene set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keene 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 Keene's effective property tax rate to other counties in New York and the national median. For comparison, the 12942 zip code has both the highest and lowest median property tax rate of 2.17%. Understanding how these cities compare with Keene provides valuable insights into the varying tax landscape across Essex County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keene Tax Rate
2.17%
Average Essex County Tax Rate
1.92%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keene, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12942 | 2.14% | 2.17% | 2.17% | 2.17% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Keene, Essex County, New York
In Keene, 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 local 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. 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 Keene helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 12942 has the highest median tax bill of $6306, which is also the lowest in the area.
Property Tax Assessment Values Across Keene, Essex County, New York
Source: Ownwell
$49,622
$193,461
$337,300
Average Keene Assessed Value
$304,000
Average Essex County Assessed Value
$151,489
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keene, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12942 | $122,282 | $195,941 | $304,000 | $461,235 | $648,730 |
Source: Ownwell
Property Tax Bills Across Keene, Essex County, New York
In Keene, NY, property tax bills are calculated based on the assessed value of the property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors influencing the assessed value include the property's market value, location, and any improvements made to the property. For homeowners in Keene, the median home price is $304,000. The tax bills can vary significantly, with the 25th percentile tax bill at $4,010 and the 75th percentile at $9,746. The 90th percentile tax bill reaches up to $13,863. The national median property tax rate is 0.99%, but local rates can cause substantial differences in tax bills. The highest and lowest median tax bills in Keene are both $6,306, found in the zip code 12942. These property taxes can significantly impact homeowners by influencing their overall housing costs and potentially affecting their ability to afford their homes.
Average Keene Tax Bill
$6,306
Average Essex County Tax Bill
$2,966
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Keene, Essex County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12942 | $2,508 | $4,010 | $6,306 | $9,746 | $13,863 |
Source: Ownwell