Mountainville, New York Property Taxes
The median property tax rate in Mountainville, NY is 2.84%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Mountainville, the typical annual property tax bill reaches $12,510, far exceeding the national median of $2,690. Property taxes in Mountainville 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 Mountainville'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 Mountainville 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
Mountainville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.84%
Estimate Property Tax Bill
$12,470
$11,572
Ownwell’s Mountainville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountainville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountainville 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 Mountainville, New York
Property taxes in Mountainville, 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 Mountainville is 2.84%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Mountainville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountainville 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 Mountainville's effective property tax rate to other counties in New York and the national median. For comparison, the 10953 zip code has both the highest and lowest median property tax rate of 2.84%. Understanding how these areas compare with Mountainville 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 Mountainville Tax Rate
2.84%
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 Mountainville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10953 | 2.74% | 2.82% | 2.84% | 2.88% | 2.93% |
Source: Ownwell
Property Tax Assessment Values Across Mountainville, New York
In Mountainville, 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 Mountainville, 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 median home price in Mountainville is $439,100, with tax bills ranging from $8,873 at the 25th percentile to $18,066 at the 90th percentile. The highest median tax bill is $12,510 in the 10953 zip code, while the lowest is also $12,510 in the same 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 Mountainville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mountainville, New York
Source: Ownwell
$122,700
$313,000
$503,300
Average Mountainville Assessed Value
$439,100
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 Mountainville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10953 | $256,600 | $318,400 | $439,100 | $536,600 | $644,900 |
Source: Ownwell
Property Tax Bills Across Mountainville, New York
In Mountainville, located in Orange County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office, which evaluates the property's market value and then applies an assessment ratio. Homeowners in Mountainville face a median home price of $439,100, and the property tax rate is significantly higher than the national median of 0.99%. Tax bills can vary widely; the 25th percentile tax bill is $8,873, while the 75th percentile reaches $15,262. For those in the 90th percentile, tax bills can soar to $18,066. These figures demonstrate the substantial impact property taxes can have on homeowners' finances in Mountainville. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners must stay informed about their property's assessed value and any potential exemptions or appeals to manage their tax liabilities effectively.
Average Mountainville Tax Bill
$12,510
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 Mountainville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10953 | $6,067 | $8,873 | $12,510 | $15,262 | $18,066 |
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 |