Ellenville, New York Property Taxes
The median property tax rate in Ellenville, NY is 3.10%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Ellenville at $29,135, the typical annual property tax bill reaches $903, which is below the national median of $2,690. Property taxes in Ellenville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ellenville'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 Ellenville 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
Ellenville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$903
$838
Ownwell’s Ellenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellenville 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 Ellenville, New York
Property taxes in Ellenville, New York, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellenville is 3.10%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Ellenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellenville 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 Ellenville's effective property tax rate to other counties in New York and the national median. For comparison, the 12428 zip code has the highest median property tax rate of 3.10%, while the same zip code also has the lowest median tax rate of 3.10%. Understanding how these areas compare with Ellenville 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 Ellenville Tax Rate
3.10%
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 Ellenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12428 | 3.10% | 3.10% | 3.10% | 3.10% | 3.10% |
Source: Ownwell
Property Tax Assessment Values Across Ellenville, New York
In Ellenville, 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 Ellenville, 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 Ellenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills is 12428, with a median tax bill of $903.
Average Ellenville Assessed Value
$29,135
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 Ellenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12428 | $29,135 | $29,135 | $29,135 | $29,135 | $29,135 |
Source: Ownwell
Property Tax Bills Across Ellenville, New York
In Ellenville, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor, who evaluates the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors that influence the assessed value include the property's location, size, and condition, as well as comparable property sales in the area. For homeowners in Ellenville, the median home price is $29,135, and the property tax bill is consistently $903. This figure falls significantly above the national median property tax rate of 0.99%, indicating a higher tax burden relative to property values. The uniformity of the tax bill across different percentiles suggests a standardized assessment approach. This tax burden can impact homeowners by influencing their overall housing costs and potentially affecting their long-term financial planning. Understanding these factors is crucial for homeowners when budgeting for annual expenses.
Average Ellenville Tax Bill
$903
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 Ellenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12428 | $903 | $903 | $903 | $903 | $903 |
Source: Ownwell