Tomkins Cove, Rockland County, New York Property Taxes

Name: Property Tax Bills Across Tomkins Cove, Rockland County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Tomkins Cove, NY effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Tomkins Cove, NY home value: $441,980
Median annual Tomkins Cove, NY tax bill: $4,686, $2,286 higher than the national median property tax bill of $2,400.

How are property taxes in Rockland calculated?

Property taxes in Tomkins Cove, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Tomkins Cove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tomkins Cove, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Tomkins Cove, Rockland County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$4,773

$4,430

Ownwell’s Tomkins Cove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tomkins Cove with just two data points. By entering your property's estimated assessed value, our calculator applies Tomkins Cove’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Rockland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Tomkins Cove, Rockland County, New York

Local government entities set tax rates, which can vary widely within a state. This occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Tomkins Cove’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Tomkins Cove, located in Rockland County, has a median property tax rate of 1.08%. This is slightly above the national median property tax rate of 1.02%. While this might seem marginal, it can significantly impact your annual tax bill, especially when compared to the national median property tax bill of $2,400. Understanding these rates can help you make informed decisions about property ownership and tax appeals in Tomkins Cove.

Property Tax Rates Across Tomkins Cove, Rockland County, New York

Source: Ownwell

0.55%

5.72%

10.89%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Tomkins Cove Tax Rate

1.08%

Median Effective Rockland County Tax Rate

9.36%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Tomkins Cove, Rockland County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
10986	1.08%	1.08%	1.08%	1.08%	1.08%

Source: Ownwell

Property Tax Assessment Values Across Tomkins Cove, Rockland County, New York

When examining property taxes in Tomkins Cove, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Rockland County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Rockland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Tomkins Cove. For example, the median home price in Tomkins Cove is $441,980, with tax bills ranging significantly across the county. The zip code 10986 has the highest median home price at $441,980.

Property Tax Assessment Values Across Tomkins Cove, Rockland County, New York

Source: Ownwell

$102,000

$373,439

$644,877

Median Tomkins Cove Market Value

$441,980

Median Rockland County Market Value

$130,400

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Tomkins Cove, Rockland County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
10986	$239,420	$339,164	$441,980	$582,338	$674,317

Source: Ownwell

Property Tax Bills Across Tomkins Cove, Rockland County, New York

In Tomkins Cove, located in Rockland County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessment considers factors such as the property's size, location, and condition. With a median home price of $441,980, homeowners in Tomkins Cove face a property tax bill that can significantly impact their finances. The tax bill at the 25th percentile is $3,643, while at the 75th percentile, it reaches $6,236, and at the 90th percentile, it climbs to $7,161. These figures are notably higher than the national median property tax bill of $2,400, reflecting the higher property values and tax rates in the area. Ownwell can assist homeowners in Tomkins Cove by providing expert property tax appeal and exemption services. By analyzing the assessed value and ensuring it aligns with the market value, Ownwell helps homeowners potentially reduce their tax burden, leading to substantial savings on their annual property tax bills.

Property Tax Bills Across Tomkins Cove, Rockland County, New York

Source: Ownwell

$2,522

$7,812

$13,101

Median Tomkins Cove Tax Bill

$4,686

Median Rockland County Tax Bill

$10,993

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Tomkins Cove, Rockland County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
10986	$2,433	$3,643	$4,686	$6,236	$7,161

Source: Ownwell

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Dates

Links
Rockland Assessment Review Commission
Website	app.regrid.com