Huguenot, New York Property Taxes
The median property tax rate in Huguenot, NY is 2.75%, 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 Huguenot, the typical annual property tax bill reaches $5,107, significantly exceeding the national median of $2,690. Property taxes in Huguenot 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 Huguenot'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 Huguenot 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
Huguenot, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$5,156
$4,785
Ownwell’s Huguenot Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Huguenot using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huguenot to estimate your property tax bill. This useful tool helps you understand potential tax liabilities. For those interested in more granular trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Orange County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Huguenot, New York
Property taxes in Huguenot, NY, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huguenot is 2.75%, significantly higher than the U.S. national median of 0.99%. Local government entities within Huguenot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huguenot 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 Huguenot's effective property tax rate to other areas and the national median. For comparison, the zip code 12746 has the highest median property tax rate of 2.75%, while the same zip code also has the lowest median tax rate of 2.75%. Understanding how these figures compare with Huguenot 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 Huguenot Tax Rate
2.75%
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 Huguenot, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12746 | 2.71% | 2.75% | 2.75% | 2.75% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Huguenot, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Huguenot, 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. In Huguenot, 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. The median home price here is $187,500, with tax bills ranging from $3,752 at the 25th percentile to $8,569 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 12746, standing at $5,107. Being aware of these valuation processes in Huguenot helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Huguenot Assessed Value
$187,500
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 Huguenot, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12746 | $88,800 | $137,600 | $187,500 | $246,500 | $307,900 |
Source: Ownwell
Property Tax Bills Across Huguenot, New York
In Huguenot, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Orange County. The assessed value is determined by local assessors who evaluate the market value of the property. This value is then multiplied by the tax rate to determine the annual tax bill. For instance, with a median home price of $187,500, homeowners can expect varying tax bills depending on their specific property assessments. Tax bills in Huguenot can range significantly, with the 25th percentile at $3,752 and the 75th percentile reaching $6,754. At the 90th percentile, homeowners might see bills as high as $8,569. The highest median tax bill recorded in the area is $5,107. These property taxes contribute to funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors, as they can significantly influence their annual financial planning.
Average Huguenot Tax Bill
$5,107
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 Huguenot, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12746 | $2,433 | $3,752 | $5,107 | $6,754 | $8,569 |
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 |