Fallsburg, Sullivan County, New York Property Taxes
Median Fallsburg, NY effective property tax rate: 1.87%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Fallsburg, NY home value: $122,143
Median annual Fallsburg, NY tax bill: $2,532, $132 higher than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Fallsburg, 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 Fallsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fallsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fallsburg, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.87%
Estimate Property Tax Bill
$2,284
$2,120
Property Tax Rates Across Fallsburg, Sullivan County, New York
Local government entities in Fallsburg, located in Sullivan County, NY, set their property tax rates based on the annual budgetary requirements. Each year, the county assesses the total value of all taxable properties within its jurisdiction and divides this by the required budget to determine the property tax rate. This process, while influenced by votes and legislation, is the core of how property tax rates are established annually.
Fallsburg's effective property tax rate is 1.87%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Sullivan County, showcasing a uniformity that is not always common in other regions. When compared to the national median property tax bill of $2400, residents in Fallsburg may find themselves paying more, reflecting the higher local rates. Understanding these rates is crucial for property owners who are navigating their annual financial obligations. By being informed, property owners can better manage their expenses and explore potential property tax appeal or exemption opportunities.
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 Fallsburg Tax Rate
1.87%
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 Fallsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12733 | 1.07% | 1.63% | 1.87% | 2.22% | 3.88% |
Source: Ownwell
Property Tax Assessment Values Across Fallsburg, Sullivan County, New York
When examining property taxes in Fallsburg, 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 May. 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 Fallsburg. For example, the median home price in Fallsburg is $122,143, with tax bills ranging significantly across the county. Zip code 12733 has the highest median home price at $122,143.
Property Tax Assessment Values Across Fallsburg, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median Fallsburg Market Value
$122,143
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 Fallsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12733 | $27,790 | $85,164 | $122,143 | $168,086 | $223,258 |
Source: Ownwell
Property Tax Bills Across Fallsburg, Sullivan County, New York
Median Fallsburg Tax Bill
$2,532
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 Fallsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12733 | $929 | $1,736 | $2,532 | $3,404 | $5,084 |
Source: Ownwell