Callicoon Center, New York Property Taxes
The median property tax rate in Callicoon Center, NY is 1.25%, which is 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 $193,694 in Callicoon Center, the typical annual property tax bill amounts to $2,410, which is below the national median of $2,690. Property taxes in Callicoon Center are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Callicoon Center'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 Center 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 Center, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$2,421
$2,247
Ownwell’s Callicoon Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Callicoon Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Callicoon Center 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 Center, New York
Property taxes in Callicoon Center, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Callicoon Center is 1.25%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Callicoon Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Callicoon Center 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 Center's effective property tax rate to other counties in New York and the national median. For comparison, the 12724 zip code has the highest median property tax rate of 1.25%, while the 12724 zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Callicoon Center 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 Center Tax Rate
1.25%
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 Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12724 | 0.93% | 1.17% | 1.25% | 1.27% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Callicoon Center, New York
In Callicoon Center, 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 Assessor 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 Center, 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. The median home price in Callicoon Center is $193,694, with tax bills ranging from $1,810 at the 25th percentile to $5,577 at the 90th percentile. The zip code 12724 has the highest and lowest median tax bill, both at $2,410. 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 Callicoon Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Callicoon Center, New York
Source: Ownwell
$29,135
$166,546
$303,956
Average Callicoon Center Assessed Value
$193,694
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 Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12724 | $90,090 | $135,135 | $193,694 | $371,622 | $518,018 |
Source: Ownwell
Property Tax Bills Across Callicoon Center, New York
In Callicoon Center, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and is meant to represent a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessment. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Callicoon Center, the median home price is $193,694. Homeowners in this area can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $1,810, while at the 75th percentile, it rises to approximately $4,327. The top 10% of tax bills can reach up to $5,577. Compared to the national median property tax rate of 0.99%, these figures illustrate how property taxes in Callicoon Center can impact homeowners differently based on their property’s assessed value and the local tax rate.
Average Callicoon Center Tax Bill
$2,410
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 Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12724 | $1,262 | $1,810 | $2,410 | $4,327 | $5,577 |
Source: Ownwell