Eldred, Sullivan County, New York Property Taxes
Median Eldred, NY effective property tax rate: 1.02%, aligning with the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Eldred, NY home value: $203,021
Median annual Eldred, NY tax bill: $2,000, $400 lower than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Eldred, 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 Eldred’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eldred, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eldred, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.02%
Estimate Property Tax Bill
$2,071
$1,922
Property Tax Rates Across Eldred, Sullivan County, New York
Local government entities determine tax rates, which can differ significantly across a state. Each year, Sullivan County calculates its required budget to provide essential services and divides it by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and regulations play a role in setting these rates and budgets, this is essentially the annual process.
In Eldred, located in Sullivan County, the effective property tax rate is comparable to other cities in New York and aligns with the national median property tax rate of 1.02%. This consistency offers residents a predictable taxation environment, allowing for better financial planning. However, the rates can still vary within the state, influenced by local budgetary needs and property values.
Understanding these variations is crucial for homeowners looking to appeal their property taxes or apply for exemptions. By staying informed, residents can ensure they are not overpaying and that their property taxes accurately reflect the value of their property.
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 Eldred Tax Rate
1.02%
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 Sullivan County Tax Rate
1.60%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eldred, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12732 | 0.89% | 1.02% | 1.02% | 1.03% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Eldred, Sullivan County, New York
When examining property taxes in Eldred, 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 Sullivan 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 Sullivan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Eldred. For example, the median home price in Eldred is $203,021, with tax bills ranging significantly across the county. Zip code 12732 has the highest median home price at $203,021.
Property Tax Assessment Values Across Eldred, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median Eldred Market Value
$203,021
Median Sullivan County Market Value
$159,121
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eldred, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12732 | $103,472 | $150,182 | $203,021 | $266,632 | $381,944 |
Source: Ownwell
Property Tax Bills Across Eldred, Sullivan County, New York
Median Eldred Tax Bill
$2,000
Median Sullivan County Tax Bill
$2,467
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Eldred, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12732 | $1,017 | $1,429 | $2,000 | $2,550 | $3,456 |
Source: Ownwell