Pearl River, New York Property Taxes
The median property tax rate in Pearl River, NY is 0.97%, slightly below the national median of 0.99% but significantly lower than the New York state median of 2.39%. With the median home value in Pearl River at $480,256, the typical annual property tax bill amounts to $5,139, which is substantially higher than the national median of $2,690. Property taxes in Pearl River are determined based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Pearl River's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in considerable annual savings. Whether you're in the heart of Pearl River or another part of Rockland County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Pearl River, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$4,658
-$48,821
Ownwell’s Pearl River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pearl River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pearl River 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 Pearl River, New York
Property taxes in Pearl River, 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 Pearl River is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pearl River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pearl River 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 Pearl River's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 10965 has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Pearl River 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 Pearl River Tax Rate
0.97%
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 Pearl River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10965 | 0.89% | 0.95% | 0.97% | 2.51% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Pearl River, New York
In Pearl River, 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 Pearl River, 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 Pearl River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $5,139 in the 10965 zip code, which is also the lowest median tax bill, highlighting a uniformity in property tax assessments in this area.
Property Tax Assessment Values Across Pearl River, New York
Source: Ownwell
$102,000
$4,272,452
$8,442,903
Average Pearl River Assessed Value
$480,256
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 Pearl River, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10965 | $311,900 | $421,558 | $480,256 | $556,897 | $652,348 |
Source: Ownwell
Property Tax Bills Across Pearl River, New York
In Pearl River, property tax bills are primarily determined by the assessed value of a property, which is calculated by the local assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Factors such as the property's size, location, and condition play a significant role in determining its assessed value. For homeowners in Pearl River, the median home price is $480,256, and property tax bills can vary widely. The tax bill at the 25th percentile is $4,345, while at the 75th percentile, it rises to $9,811. For those at the 90th percentile, the bill can reach up to $13,509. These figures highlight the significant financial impact property taxes can have on homeowners in the area. Comparatively, the median property tax bill in the zip code 10965 is $5,139, which is notably higher than the national median property tax rate of 0.99%. This underscores the importance for homeowners to understand their property assessments and potential tax liabilities.
Average Pearl River Tax Bill
$5,139
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 Pearl River, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10965 | $3,777 | $4,345 | $5,139 | $9,811 | $13,509 |
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 |