Catskill, New York Property Taxes
The median property tax rate in Catskill, NY is 2.02%, 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 Catskill at $199,753, the typical annual property tax bill reaches $4,517, exceeding the national median of $2,690. Property taxes in Catskill 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 Catskill'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 Catskill 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
Catskill, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$4,035
$3,744
Ownwell’s Catskill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Catskill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Catskill 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 Greene County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Catskill, New York
Property taxes in Catskill, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Catskill is 2.02%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Catskill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Catskill 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 Catskill's effective property tax rate to other counties in New York and the national median. For comparison, the 12414 zip code has the highest median property tax rate of 2.02%, while the 12414 zip code also has the lowest median tax rate of 2.02%. Understanding how these cities compare with Catskill provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Catskill Tax Rate
2.02%
Average Greene County Tax Rate
2.04%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Catskill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12414 | 1.87% | 2.01% | 2.02% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Catskill, New York
In Catskill, 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 Greene 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 Catskill, 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. For instance, the zip code 12414 has the highest median tax bill at $4517, which is significantly above the national median property tax rate of 0.99%. Being aware of these valuation processes in Catskill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Catskill Assessed Value
$199,753
Average Greene County Assessed Value
$210,370
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Catskill, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12414 | $107,926 | $151,450 | $199,753 | $264,494 | $357,259 |
Source: Ownwell
Property Tax Bills Across Catskill, New York
In Catskill, located in Greene County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and represents a percentage of the home's market value. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $199,753, homeowners in Catskill can expect varying tax bills. The tax bill at the 25th percentile is around $3,390, while those at the 75th percentile see bills closer to $5,862. At the 90th percentile, tax bills can reach up to $7,493. These figures highlight the range of property tax burdens faced by homeowners, influenced by factors such as property value and local tax rates. Comparatively, the national median property tax rate is 0.99%, making it essential for Catskill homeowners to understand how their local rates and property values affect their financial obligations.
Average Catskill Tax Bill
$4,517
Average Greene County Tax Bill
$4,183
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Catskill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12414 | $2,253 | $3,390 | $4,517 | $5,862 | $7,493 |
Source: Ownwell