Harriman, New York Property Taxes
The median property tax rate in Harriman, NY is 3.51%, 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 Harriman, the typical annual property tax bill reaches $8,099, exceeding the national median of $2,690. Property taxes in Harriman 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 Harriman'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 Harriman 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
Harriman, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.51%
Estimate Property Tax Bill
$7,757
$7,198
Ownwell’s HARRIMAN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HARRIMAN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HARRIMAN 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 Harriman, New York
Property taxes in Harriman, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harriman is 3.51%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Harriman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harriman 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 Harriman's effective property tax rate to other counties in New York and the national median. For comparison, the 10926 zip code has the highest median property tax rate of 3.51%, while the 10926 zip code also has the lowest median tax rate of 3.51%. Understanding how these cities compare with Harriman provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harriman Tax Rate
3.51%
Average Orange County Tax Rate
2.78%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harriman, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10926 | 2.73% | 2.85% | 3.51% | 3.63% | 3.67% |
Source: Ownwell
Property Tax Assessment Values Across Harriman, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harriman, NY. 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 Orange 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. Assessment notices in Harriman 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. Being aware of these valuation processes in Harriman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Harriman is $221,000, with tax bills ranging from $4,588 at the 25th percentile to $13,836 at the 90th percentile. The highest and lowest median tax bills are both $8,099, found in the 10926 zip code.
Average Harriman Assessed Value
$221,000
Average Orange County Assessed Value
$278,100
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harriman, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10926 | $129,400 | $130,700 | $221,000 | $349,700 | $436,500 |
Source: Ownwell
Property Tax Bills Across Harriman, New York
In Harriman, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For example, a median home price in Harriman is around $221,000. Homeowners in this area can expect their property tax bills to vary widely, with the 25th percentile tax bill at $4,588 and the 75th percentile reaching $11,693. The highest median tax bill in the area is $8,099, indicating a significant range in property taxes. These property taxes can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their ability to afford other expenses. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future tax liabilities.
Average Harriman Tax Bill
$8,099
Average Orange County Tax Bill
$7,888
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Harriman, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10926 | $4,541 | $4,588 | $8,099 | $11,693 | $13,836 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Orange Assessment Review Commission | |
| Website | gis.orangecountygov.com |