Callicoon, New York Property Taxes
The median property tax rate in Callicoon, NY is 1.34%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With a median home value of $200,000 in Callicoon, the typical annual property tax bill is $2,594, which is just below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Callicoon'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 Callicoon or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Callicoon, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$2,680
$2,650
Ownwell’s Callicoon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Callicoon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Callicoon 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 Callicoon, New York
Property taxes in Callicoon, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Callicoon is 1.34%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Callicoon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Callicoon 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 Callicoon's effective property tax rate to other counties in New York and the national median. For comparison, the 12723 zip code has the highest median property tax rate of 1.34%, while the 12723 zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Callicoon provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Callicoon Tax Rate
1.34%
Average Sullivan County Tax Rate
1.60%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Callicoon, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12723 | 1.01% | 1.28% | 1.34% | 1.35% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Callicoon, New York
In Callicoon, 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 Sullivan 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 Callicoon, 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. The median home price in Callicoon is $200,000, with tax bills ranging from $1,819 at the 25th percentile to $5,120 at the 90th percentile. The zip code 12723 has the highest median tax bill at $2,594. Being aware of these valuation processes in Callicoon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Callicoon Assessed Value
$200,000
Average Sullivan County Assessed Value
$159,121
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Callicoon, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12723 | $97,840 | $138,900 | $200,000 | $306,900 | $460,860 |
Source: Ownwell
Property Tax Bills Across Callicoon, New York
In Callicoon, Sullivan County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $1,819 and the 75th percentile reaching $3,607. For those at the higher end, the 90th percentile tax bill can be as much as $5,120. The median home price in Callicoon is $200,000, and the property tax rate in this region is higher than the national median rate of 0.99%. The highest and lowest median tax bills in the area are both $2,594, indicating some uniformity in tax assessments within the specific zip code 12723. These taxes fund essential public services, such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Callicoon Tax Bill
$2,594
Average Sullivan County Tax Bill
$2,467
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Callicoon, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12723 | $1,354 | $1,819 | $2,594 | $3,607 | $5,120 |
Source: Ownwell