Prattsville, Greene County, New York Property Taxes
Median Prattsville, NY effective property tax rate: 1.57%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Prattsville, NY home value: $186,538
Median annual Prattsville, NY tax bill: $3,074, $674 higher than the national median property tax bill of $2,400.
How are property taxes in Greene County calculated?
Property taxes in Prattsville, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Prattsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Prattsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Prattsville, Greene County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.57%
Estimate Property Tax Bill
$2,929
$2,718
Property Tax Rates Across Prattsville, Greene County, New York
Local government entities determine property tax rates, which can differ significantly across a state. The reason for this variation is that each county calculates its necessary budget annually to fund services and divides that by the total assessed value of all taxable properties within its area. This process results in the property tax rate. While setting these rates and budgets involves votes and laws, this is essentially the yearly procedure.
In Prattsville, located in Greene County, NY, the effective property tax rate is worth noting. Compared to other cities within New York, Prattsville's rate reflects the county's approach to balancing budgetary needs with property values. With a median property tax rate of 1.57%, Prattsville's rate is above the national median of 1.02%. This higher rate may result from the county's specific budgetary requirements or property value assessments. Such differences highlight the importance of understanding local tax rates, as they can substantially impact property tax bills. For residents and property owners, being aware of these rates is crucial for financial planning and potential appeals.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Prattsville Tax Rate
1.57%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Greene County Tax Rate
2.04%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Prattsville, Greene County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12468 | 1.38% | 1.40% | 1.57% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Prattsville, Greene County, New York
When examining property taxes in Prattsville, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Greene County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Greene County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Prattsville.
For example, the median home price in Prattsville is $186,538, with tax bills ranging significantly across the county. Zip code 12468 has the highest median home price at $186,538.
Property Tax Assessment Values Across Prattsville, Greene County, New York
Source: Ownwell
$161,982
$238,341
$314,700
Median Prattsville Market Value
$186,538
Median Greene County Market Value
$210,370
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Prattsville, Greene County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12468 | $62,797 | $108,311 | $186,538 | $280,343 | $413,462 |
Source: Ownwell
Property Tax Bills Across Prattsville, Greene County, New York
In Prattsville, located in Greene County, NY, property tax bills are calculated using the assessed value of a home and the local tax rate. The assessed value is determined by local assessors and reflects a percentage of the market value. Homeowners in Prattsville face a range of tax bills, with the 25th percentile at $1,827 and the 75th percentile rising to $4,639. The median home price in Prattsville is $186,538, which influences the overall property tax bill. Compared to the national median property tax bill of $2,400, Prattsville's tax bills can be higher, particularly for homes in the upper percentiles.
Factors such as local government budgets, school funding, and public services impact the tax rate, directly affecting homeowners' expenses. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners secure reductions in their property tax obligations, leading to significant savings and financial relief.
Median Prattsville Tax Bill
$3,074
Median Greene County Tax Bill
$4,183
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Prattsville, Greene County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12468 | $1,077 | $1,827 | $3,074 | $4,639 | $6,801 |
Source: Ownwell