New City, New York Property Taxes
The median property tax rate in NEW CITY, NY is 9.36%, 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 NEW CITY, the typical annual property tax bill reaches $13,101, exceeding the national median of $2,690. Property taxes in NEW CITY 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 NEW CITY'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 NEW CITY 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
New City, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.36%
Estimate Property Tax Bill
$12,365
-$129,581
Ownwell’s NEW CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NEW CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NEW CITY 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 New City, New York
Property taxes in NEW CITY, New York, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in NEW CITY is 9.36%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within NEW CITY set these rates annually, and they can vary significantly across different neighborhoods. Each year, NEW CITY 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 NEW CITY's effective property tax rate to other counties in New York and the national median. For comparison, the 10956 zip code has the highest median property tax rate of 9.36%, while the 10956 zip code also has the lowest median tax rate of 9.36%. Understanding how these cities compare with NEW CITY provides valuable insights into the varying tax landscape across Rockland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New City Tax Rate
9.36%
Average Rockland County Tax Rate
9.36%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across New City, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10956 | 7.03% | 8.47% | 9.36% | 10.20% | 13.08% |
Source: Ownwell
Property Tax Assessment Values Across New City, New York
In NEW CITY, 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 Rockland 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 NEW CITY, 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 NEW CITY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both stand at $13,101 in zip code 10956.
Average New City Assessed Value
$132,100
Average Rockland County Assessed Value
$130,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New City, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10956 | $89,050 | $110,000 | $132,100 | $169,025 | $230,000 |
Source: Ownwell
Property Tax Bills Across New City, New York
Property tax bills in New City, located in Rockland County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor's office and is intended to reflect the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For instance, with a median home price of $132,100, homeowners can expect varying tax bills depending on their property's specific assessment. The 25th percentile tax bill in New City is approximately $10,949, while the 75th percentile tax bill reaches around $16,100. The 90th percentile tax bill can go up to $19,392. These figures illustrate the range of property tax obligations that homeowners might face. Compared to the national median property tax rate of 0.99%, New City’s rates are significantly higher, reflecting the region's property values and local tax policies. This substantial tax burden can impact homeowners' financial planning and overall cost of living.
Average New City Tax Bill
$13,101
Average Rockland County Tax Bill
$10,993
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across New City, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10956 | $9,066 | $10,949 | $13,101 | $16,100 | $19,392 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Rockland Assessment Review Commission | |
| Website | app.regrid.com |