Windham, New York Property Taxes
The median property tax rate in Windham, NY is 1.24%, 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 Windham at $301,753, the typical annual property tax bill reaches $3,807, exceeding the national median of $2,690. Property taxes in Windham 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 Windham'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 Windham 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
Windham, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$3,742
$3,700
Ownwell’s Windham Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Windham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Windham 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 Windham, New York
Property taxes in Windham, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Windham is 1.24%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Windham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Windham 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 Windham's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12496 has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these areas compare with Windham 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 Windham Tax Rate
1.24%
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 Windham, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12496 | 1.24% | 1.24% | 1.24% | 1.25% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Windham, New York
In Windham, 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 Windham, 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 example, the highest median tax bill in Windham is $3807 in zip code 12496. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Windham Assessed Value
$301,753
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 Windham, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12496 | $134,500 | $194,480 | $301,753 | $492,922 | $776,130 |
Source: Ownwell
Property Tax Bills Across Windham, New York
In Windham, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Windham, the median home price is $301,753. Homeowners in this area can expect a range of property tax bills, with the 25th percentile paying around $2,474, while those in the 75th percentile face a bill of approximately $6,107. At the 90th percentile, the tax bill can reach up to $9,740. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. The highest and lowest median tax bills in the area both stand at $3,807, indicating a uniform tax rate across different zip codes within Windham. Comparatively, the national median property tax rate is 0.99%, making Windham’s property taxes relatively significant. These taxes directly impact homeowners' annual expenses and can influence decisions on property investments and homeownership.
Average Windham Tax Bill
$3,807
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 Windham, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12496 | $1,770 | $2,474 | $3,807 | $6,107 | $9,740 |
Source: Ownwell