Preston Hollow, Greene County, New York Property Taxes

Name: Property Tax Bills Across Preston Hollow, Greene County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Preston Hollow, NY effective property tax rate: 2.38%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Preston Hollow, NY home value: $185,800
Median annual Preston Hollow, NY tax bill: $4,540, $2,140 higher than the national median property tax bill of $2,400.

How are property taxes in Greene calculated?

Property taxes in Preston Hollow, 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 Preston Hollow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Preston Hollow, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Preston Hollow, Greene County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.38%

Estimate Property Tax Bill

$4,422

$4,104

Ownwell’s Preston Hollow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Preston Hollow with just two data points.

By entering your property's estimated assessed value, our calculator applies Preston Hollow’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Greene County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Preston Hollow, Greene County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Preston Hollow’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Preston Hollow, located in Greene County, stands out with its median property tax rate of 2.38%. This rate is significantly higher than the national median property tax rate of 1.02%. Such a high rate is indicative of the local government's need to fund services and infrastructure. When comparing to other cities in New York, Preston Hollow's rate is noteworthy. New York itself often exhibits a range of property tax rates, but the state's median is generally above the national average. For homeowners in Preston Hollow, understanding these rates is crucial for financial planning and property investment decisions.

Property Tax Rates Across Preston Hollow, Greene County, New York

Source: Ownwell

1.24%

2.05%

2.86%

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 Preston Hollow Tax Rate

2.38%

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 Preston Hollow, Greene County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12469	1.91%	2.04%	2.38%	2.65%	2.65%

Source: Ownwell

Property Tax Assessment Values Across Preston Hollow, Greene County, New York

When examining property taxes in Preston Hollow, 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 April. 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 Preston Hollow.

For example, the median home price in Preston Hollow is $185,800, with tax bills ranging significantly across the county. Zip code 12469 has the highest median home price at $185,800.

Property Tax Assessment Values Across Preston Hollow, Greene County, New York

Source: Ownwell

$161,982

$238,341

$314,700

Median Preston Hollow Market Value

$185,800

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 Preston Hollow, Greene County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12469	$127,500	$158,350	$185,800	$258,800	$349,400

Source: Ownwell

Property Tax Bills Across Preston Hollow, Greene County, New York

In Preston Hollow, NY, property tax bills are determined by multiplying the property's assessed value by the local tax rate. The assessed value is a percentage of the market value, which can fluctuate based on market conditions and local assessments. Homeowners in Preston Hollow face a median property tax bill significantly higher than the national median of $2,400. The tax bill at the 25th percentile is $3,561, while at the 75th percentile, it reaches $6,529, and the 90th percentile sees bills as high as $9,022. These figures reflect the substantial financial burden property taxes can place on homeowners. Ownwell can assist homeowners by providing expert guidance and services to appeal their property tax assessments. By analyzing the assessed value and ensuring it aligns with market values, Ownwell helps homeowners potentially reduce their tax liabilities. This service can lead to significant savings, alleviating the financial pressure of high property taxes and allowing homeowners to allocate their resources more effectively.

Property Tax Bills Across Preston Hollow, Greene County, New York

Source: Ownwell

$2,594

$4,231

$5,868

Median Preston Hollow Tax Bill

$4,540

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 Preston Hollow, Greene County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12469	$2,472	$3,561	$4,540	$6,529	$9,022

Source: Ownwell