Greenville, New York Property Taxes
The median property tax rate in Greenville, NY is 2.75%, 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 Greenville at $195,000, the typical annual property tax bill reaches $5,241, exceeding the national median of $2,690. Property taxes in Greenville 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 Greenville'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 Greenville 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
Greenville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$5,363
$5,302
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, New York
Property taxes in Greenville, New York, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenville is 2.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other areas in Greene County and the national median. For comparison, the 12083 zip code has the highest median property tax rate of 2.75%, while the same zip code also has the lowest median tax rate of 2.75%. Understanding how these areas compare with Greenville 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 Greenville Tax Rate
2.75%
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 Greenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12083 | 2.48% | 2.71% | 2.75% | 2.75% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, New York
In Greenville, 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 Greenville, 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. The median home price in Greenville stands at $195,000, with tax bills ranging significantly. The 25th percentile tax bill is $3,775, while the 75th percentile tax bill reaches $6,806, and the 90th percentile tax bill is as high as $8,532. The highest median tax bill in the area is $5,241, found in the 12083 zip code, which also has the lowest median tax bill at the same value. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greenville Assessed Value
$195,000
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 Greenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12083 | $99,200 | $140,500 | $195,000 | $251,200 | $322,300 |
Source: Ownwell
Property Tax Bills Across Greenville, New York
In Greenville, Greene County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in this area is $195,000. Property taxes are calculated by multiplying the assessed value of the property by the local tax rate, which is set by the county. For homeowners in Greenville, the property tax bill can vary significantly. For instance, the tax bill at the 25th percentile is $3,775, while at the 75th percentile, it rises to $6,806. Those at the 90th percentile see a tax bill of $8,532. These variations are influenced by factors such as property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both $5,241, indicating some consistency in tax assessments across different properties. Compared to the national median property tax rate of 0.99%, homeowners in Greenville may find their property tax rates to be higher, impacting their overall housing costs. This can influence decisions on home purchases and long-term financial planning for residents.
Average Greenville Tax Bill
$5,241
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 Greenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12083 | $2,638 | $3,775 | $5,241 | $6,806 | $8,532 |
Source: Ownwell