Slate Hill, New York Property Taxes
The median property tax rate in Slate Hill, NY is 2.35%, 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 Slate Hill, the typical annual property tax bill reaches $8,549, exceeding the national median of $2,690. Property taxes in Slate Hill 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 Slate Hill'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 Slate Hill 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
Slate Hill, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$8,244
$7,650
Ownwell’s Slate Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slate Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slate Hill 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 Slate Hill, New York
Property taxes in Slate Hill, 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 Slate Hill is 2.35%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Slate Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slate Hill 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 Slate Hill's effective property tax rate to other counties in New York and the national median. For comparison, the 10973 zip code has both the highest and lowest median property tax rate of 2.35%. Understanding how these cities compare with Slate Hill 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 Slate Hill Tax Rate
2.35%
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 Slate Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10973 | 2.30% | 2.35% | 2.35% | 2.35% | 2.66% |
Source: Ownwell
Property Tax Assessment Values Across Slate Hill, New York
In Slate Hill, 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 Slate Hill, 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. Being aware of these valuation processes in Slate Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $8,549, found in the 10973 zip code, while the lowest median tax bill is also $8,549 in the same zip code.
Average Slate Hill Assessed Value
$350,800
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 Slate Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10973 | $198,160 | $280,400 | $350,800 | $453,700 | $522,960 |
Source: Ownwell
Property Tax Bills Across Slate Hill, New York
In Slate Hill, NY, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in Slate Hill is $350,800. Various factors influence the assessed value, including the property's market value, improvements, and comparable property values in the area. For homeowners, this means that any changes in the real estate market or property enhancements can significantly impact their tax bill. Homeowners in Slate Hill face property tax bills that range widely. For instance, the tax bill at the 25th percentile is $6,444, while at the 75th percentile, it climbs to $10,773. The 90th percentile tax bill can reach up to $12,329. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in this region. Homeowners should be aware that their property tax liability can vary significantly based on their property's assessed value and location within Slate Hill.
Average Slate Hill Tax Bill
$8,549
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 Slate Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10973 | $4,397 | $6,444 | $8,549 | $10,773 | $12,329 |
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 |