Greenwood Lake, Orange County, New York Property Taxes

Name: Property Tax Bills Across Greenwood Lake, Orange County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Greenwood Lake, NY effective property tax rate: 3.00%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Greenwood Lake, NY home value: $267,300
Median annual Greenwood Lake, NY tax bill: $7,537, $5,137 higher than the national median property tax bill of $2,400.

How are property taxes in Orange County calculated?

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

Last Updated March 1, 2025

Greenwood Lake, Orange County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$8,019

$7,441

Ownwell’s Greenwood Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenwood Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Greenwood Lake’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Orange 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 Orange County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenwood Lake, Orange County, New York

Local government entities determine tax rates, which can differ significantly even within a single state. This variation arises because each county calculates its necessary budget to fund services annually, dividing this by the total value of all taxable property in its area. This process establishes the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual procedure.

In Greenwood Lake, located in Orange County, NY, the effective property tax rate stands at 3.00%, which is notably higher than the national median property tax rate of 1.02%. This rate also represents both the highest and lowest median tax rate in the area, as Greenwood Lake's rate is consistent throughout its jurisdiction. The impact of this rate is evident when compared to the national median property tax bill of $2,400, as residents in Greenwood Lake pay considerably more. Understanding these figures highlights the importance of property tax appeals and exemptions, which can significantly influence a homeowner's financial obligations.

Property Tax Rates Across Greenwood Lake, Orange County, New York

Source: Ownwell

2.20%

2.85%

3.51%

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 Greenwood Lake Tax Rate

3.00%

Median Effective Orange County Tax Rate

2.78%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenwood Lake, Orange County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
10925	2.53%	2.54%	3.00%	3.02%	3.02%

Source: Ownwell

Property Tax Assessment Values Across Greenwood Lake, Orange County, New York

When examining property taxes in Greenwood Lake, 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 Orange 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. Assessment notices: In Orange County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Greenwood Lake. For example, the median home price in Greenwood Lake is $267,300, with tax bills ranging significantly across the county. 10925 has the highest median home price at $267,300.

Property Tax Assessment Values Across Greenwood Lake, Orange County, New York

Source: Ownwell

$122,700

$313,000

$503,300

Median Greenwood Lake Market Value

$267,300

Median Orange County Market Value

$278,100

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenwood Lake, Orange County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
10925	$165,900	$209,875	$267,300	$340,100	$449,800

Source: Ownwell

Property Tax Bills Across Greenwood Lake, Orange County, New York

In Greenwood Lake, located in Orange County, NY, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $267,300, homeowners in Greenwood Lake face property tax bills that can vary significantly. The 25th percentile tax bill is $5,785, while the 75th percentile reaches $9,467, and the 90th percentile climbs to $12,494. Notably, the median tax bill for the area stands at $7,537, which is significantly higher than the national median property tax bill of $2,400. This tax burden can be substantial for homeowners, impacting their overall financial well-being. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and identify potential exemptions. By leveraging Ownwell's expertise, homeowners can potentially lower their tax bills, ensuring they pay only what is fair and thereby alleviating some of the financial pressure associated with property ownership in Greenwood Lake.

Property Tax Bills Across Greenwood Lake, Orange County, New York

Source: Ownwell

$3,386

$8,384

$13,381

Median Greenwood Lake Tax Bill

$7,537

Median Orange County Tax Bill

$7,888

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenwood Lake, Orange County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
10925	$4,498	$5,785	$7,537	$9,467	$12,494

Source: Ownwell

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Dates

Links
Orange Assessment Review Commission
Website	gis.orangecountygov.com