Claryville, New York Property Taxes
The median property tax rate in Claryville, NY is 1.10%, slightly higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Claryville, the typical annual property tax bill is $441, which is significantly lower than the national median of $2,690. Property taxes in Claryville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Claryville'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 Claryville 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
Claryville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,320
$1,225
Ownwell’s Claryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Claryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Claryville 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 Sullivan County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Claryville, New York
Property taxes in Claryville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Claryville is 1.10%, which is higher than the U.S. national median of 0.99%. Local government entities within Claryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Claryville 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 Claryville's effective property tax rate to other counties in New York and the national median. For comparison, the 12725 zip code has the highest median property tax rate of 1.10%, while the 12725 zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Claryville 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 Claryville Tax Rate
1.10%
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 Claryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12725 | 0.22% | 0.55% | 1.10% | 1.10% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Claryville, New York
In Claryville, 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 Claryville, 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 Claryville is $120,000, with tax bills ranging from $220 at the 25th percentile to $1,675 at the 90th percentile. The highest and lowest median tax bill is $441, found in the 12725 zip code. 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 Claryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Claryville Assessed Value
$120,000
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 Claryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12725 | $37,990 | $66,700 | $120,000 | $144,975 | $186,300 |
Source: Ownwell
Property Tax Bills Across Claryville, New York
In Claryville, 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 reflects a percentage of the market value of the property. This value is then multiplied by the tax rate set by the local government to determine the annual tax bill. Several factors influence the tax bill, including property improvements, changes in market conditions, and local budgetary needs. For homeowners in Claryville, the median home price is $120,000. Tax bills in this area range significantly, with the 25th percentile at $220 and the 75th percentile at $1,212. The highest median tax bill recorded in the area is $441.00, which is considerably lower than the national median property tax rate of 0.99%. Homeowners need to be aware of these factors as they can significantly affect their annual financial obligations, influencing decisions about property investments and improvements.
Average Claryville Tax Bill
$441
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 Claryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12725 | $88 | $220 | $441 | $1,212 | $1,675 |
Source: Ownwell