Middletown, New York Property Taxes
The median property tax rate in Middletown, NY is 2.62%, 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 Middletown, the typical annual property tax bill reaches $6,588, exceeding the national median of $2,690. Property taxes in Middletown 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 Middletown'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 Middletown 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
Middletown, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.62%
Estimate Property Tax Bill
$6,296
$5,842
Ownwell’s Middletown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middletown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middletown 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 Middletown, New York
Property taxes in Middletown, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middletown is 2.62%, significantly higher than the U.S. national median of 0.99%. Local government entities within Middletown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middletown 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 Middletown's effective property tax rate to other areas in Orange County and the national median. For comparison, the 10940 zip code has the highest median property tax rate of 3.01%, while the 10941 zip code has the lowest median tax rate of 2.54%. Understanding how these areas compare with Middletown 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 Middletown Tax Rate
2.62%
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 Middletown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10940 | 2.45% | 2.54% | 3.01% | 3.15% | 3.15% |
| 10941 | 2.48% | 2.52% | 2.54% | 2.57% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Middletown, New York
In Middletown, 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 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 Middletown, 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. For instance, the highest median tax bill in the area is $7,045 in the 10941 zip code, while the lowest is $6,399 in the 10940 zip code. 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 Middletown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middletown Assessed Value
$240,300
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 Middletown, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10940 | $130,800 | $171,200 | $226,600 | $308,500 | $384,600 |
| 10941 | $149,800 | $212,200 | $279,000 | $357,100 | $462,319 |
Source: Ownwell
Property Tax Bills Across Middletown, New York
In Middletown, Orange County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Middletown experience varying tax bills, with the 25th percentile at $4,977 and the 75th percentile reaching $8,658. The highest median tax bill in the area is $7,045 in the 10941 zip code, while the lowest is $6,399 in the 10940 zip code. These figures are significantly higher than the national median property tax rate of 0.99%, reflecting the region's higher property values and tax rates. For homeowners, these taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting community quality and property values. Understanding these factors can help homeowners anticipate their financial responsibilities and the benefits derived from their tax contributions.
Average Middletown Tax Bill
$6,588
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 Middletown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10940 | $3,737 | $4,954 | $6,399 | $8,545 | $10,648 |
| 10941 | $3,658 | $5,368 | $7,045 | $9,036 | $11,697 |
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 |