Sloansville, New York Property Taxes
The median property tax rate in Sloansville, NY is 2.80%, 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 Sloansville at $148,608, the typical annual property tax bill reaches $4,029, exceeding the national median of $2,690. Property taxes in Sloansville 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 Sloansville'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 Sloansville 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
Sloansville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$4,161
$4,114
Ownwell’s Sloansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sloansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sloansville 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 Sloansville, New York
Property taxes in Sloansville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sloansville is 2.80%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sloansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sloansville 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 Sloansville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12160 has the highest median property tax rate of 2.80%, while the same zip code also has the lowest median tax rate of 2.80%. Understanding how these cities compare with Sloansville provides valuable insights into the varying tax landscape across Schoharie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sloansville Tax Rate
2.80%
Average Schoharie County Tax Rate
2.84%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sloansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12160 | 2.59% | 2.75% | 2.80% | 2.84% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Sloansville, New York
In Sloansville, 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 Schoharie 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 Sloansville, 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 Sloansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12160 in Sloansville has the highest median tax bill at $4,029, while the lowest median tax bill is also found in the same zip code at $4,029.
Average Sloansville Assessed Value
$148,608
Average Schoharie County Assessed Value
$130,625
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sloansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12160 | $44,162 | $97,162 | $148,608 | $211,765 | $264,035 |
Source: Ownwell
Property Tax Bills Across Sloansville, New York
In Sloansville, located in Schoharie County, NY, property tax bills are calculated based on the assessed value of a property and the applicable tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the assessed value include property size, location, and condition. For instance, the median home price in Sloansville is $148,608. Homeowners in Sloansville can expect varying tax bills. At the 25th percentile, the tax bill is around $2,441, while at the 75th percentile, it rises to approximately $5,824. The 90th percentile sees tax bills reaching up to $7,230. These figures highlight the range of property tax burdens in the area. Compared to the national median property tax rate of 0.99%, Sloansville's rates reflect the unique economic and real estate conditions of Schoharie County, impacting homeowners' financial planning and property investment decisions.
Average Sloansville Tax Bill
$4,029
Average Schoharie County Tax Bill
$3,729
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Sloansville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12160 | $1,141 | $2,441 | $4,029 | $5,824 | $7,230 |
Source: Ownwell