Fremont Center, New York Property Taxes
The median property tax rate in Fremont Center, NY is 1.29%, which is considerably higher than the national median of 0.99% but lower than New York's state median of 2.39%. With the median home value in Fremont Center, the typical annual property tax bill reaches $2,247, slightly below the national median of $2,690. Property taxes in Fremont Center 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 Fremont 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 Fremont 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
Fremont Center, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,276
$2,112
Ownwell’s Fremont Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont Center, New York
Property taxes in Fremont Center, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont Center is 1.29%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Fremont Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont Center's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12736 has the highest median property tax rate of 1.29%, while the lowest median tax rate is also 1.29% in the same zip code. Understanding how these areas compare with Fremont 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 Fremont Center Tax Rate
1.29%
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 Fremont Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12736 | 0.99% | 1.02% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Fremont Center, New York
In Fremont 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 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 Fremont 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. For instance, the median home price in the area is $176,400, with tax bills ranging from $1,358 at the 25th percentile to $4,932 at the 90th percentile. The highest and lowest median tax bills in the region both stand at $2,247 in the 12736 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 Fremont Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fremont Center, New York
Source: Ownwell
$29,135
$166,546
$303,956
Average Fremont Center Assessed Value
$176,400
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 Fremont Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12736 | $59,600 | $115,700 | $176,400 | $275,000 | $381,080 |
Source: Ownwell
Property Tax Bills Across Fremont Center, New York
In Fremont Center, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. Homeowners in this region of Sullivan County experience a range of tax bills, influenced by the assessed value of their properties. For instance, the median home price here is $176,400. The property tax rate is applied to this assessed value to calculate the annual tax bill. Several factors contribute to the final tax bill, including the home's location, size, and any applicable exemptions. In Fremont Center, the 25th percentile of tax bills is $1,358, while the 75th percentile reaches $3,676. The highest median tax bill in the area is $2,247, which is relatively higher than the national median property tax rate of 0.99%. These property tax bills can significantly impact homeowners, influencing their monthly budgets and overall financial planning. Understanding these factors and how they contribute to the annual tax bill is crucial for homeowners in managing their expenses effectively.
Average Fremont Center Tax Bill
$2,247
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 Fremont Center, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12736 | $694 | $1,358 | $2,247 | $3,676 | $4,932 |
Source: Ownwell