Unionville, New York Property Taxes
The median property tax rate in Unionville, 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 Unionville at $204,200, the typical annual property tax bill reaches $5,700, surpassing the national median of $2,690. Property taxes in Unionville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Unionville'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 Unionville 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
Unionville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.84%
Estimate Property Tax Bill
$5,799
$5,382
Ownwell’s Unionville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville 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 Unionville, New York
Property taxes in Unionville, New York, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville 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 Unionville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville 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 Unionville's effective property tax rate to other counties in New York and the national median. For comparison, the area with the highest median property tax rate in Unionville has a rate of 2.84%, while the area with the lowest median tax rate also stands at 2.84%. Understanding how these areas compare with Unionville 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 Unionville 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 Unionville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10988 | 2.64% | 2.84% | 2.84% | 2.85% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Unionville, New York
In Unionville, 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 Unionville, 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 Unionville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 10988 has both the highest and lowest median tax bill at $5700.
Average Unionville Assessed Value
$204,200
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 Unionville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10988 | $134,600 | $169,200 | $204,200 | $246,900 | $295,340 |
Source: Ownwell
Property Tax Bills Across Unionville, New York
In Unionville, 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 tax assessor and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $204,200, homeowners can expect to pay a significant amount in property taxes. The tax bills in Unionville vary widely, with the 25th percentile at $4,732 and the 75th percentile at $6,909, while those in the 90th percentile can reach up to $8,261. This range indicates that property taxes can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. In Unionville, the highest and lowest median tax bills both stand at $5,700, reflecting the uniformity within the specific zip code 10988. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Unionville Tax Bill
$5,700
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 Unionville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10988 | $3,742 | $4,732 | $5,700 | $6,909 | $8,261 |
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 |