Glen Spey, Sullivan County, New York Property Taxes

Name: Property Tax Bills Across Glen Spey, Sullivan County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Glen Spey, NY effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Glen Spey, NY home value: $196,806
Median annual Glen Spey, NY tax bill: $2,513, $113 higher than the national median property tax bill of $2,400.

How are property taxes in Sullivan calculated?

Property taxes in Glen Spey, 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 Glen Spey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Glen Spey, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Glen Spey, Sullivan County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.23%

Estimate Property Tax Bill

$2,421

$2,246

Ownwell’s Glen Spey Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glen Spey with just two data points.

By entering your property's estimated assessed value, our calculator applies Glen Spey’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Sullivan County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Glen Spey, Sullivan County, New York

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process.

In Glen Spey, located in Sullivan County, NY, the effective property tax rate is a reflection of this process. Compared to other cities in New York, Glen Spey’s tax rate aligns closely with the state’s median. However, it is notably higher than the national median property tax rate. This difference highlights the variability in property tax burdens across different regions.

Understanding these differences is crucial for property owners who are considering appealing their property taxes. By knowing how Glen Spey’s tax rate compares to both state and national figures, property owners can make informed decisions about seeking potential reductions or exemptions.

Property Tax Rates Across Glen Spey, Sullivan County, New York

Source: Ownwell

0.99%

1.95%

2.90%

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 Glen Spey Tax Rate

1.23%

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 Glen Spey, Sullivan County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12737	1.23%	1.23%	1.23%	1.23%	1.23%

Source: Ownwell

Property Tax Assessment Values Across Glen Spey, Sullivan County, New York

When examining property taxes in Glen Spey, 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 the season. 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 Glen Spey.

For example, the median home price in Glen Spey is $196,806, with tax bills ranging significantly across the county. Zip code 12737 has the highest median home price at $196,806.

Property Tax Assessment Values Across Glen Spey, Sullivan County, New York

Source: Ownwell

$97,822

$200,889

$303,956

Median Glen Spey Market Value

$196,806

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 Glen Spey, Sullivan County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12737	$44,722	$113,680	$196,806	$272,500	$346,250

Source: Ownwell

Property Tax Bills Across Glen Spey, Sullivan County, New York

In Glen Spey, Sullivan County, NY, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Glen Spey is $196,806, with property tax bills ranging significantly. Homeowners in the 25th percentile pay around $1,576, while those in the 75th percentile face bills up to $3,346. The 90th percentile can see tax bills as high as $4,083. Comparatively, the national median property tax bill is $2,400, highlighting the variability within this region. Property taxes in Glen Spey can greatly impact homeowners, influencing their overall financial planning and homeownership costs. Ownwell offers a solution by providing property tax appeal services to help homeowners potentially reduce their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals, aiming to lower tax bills and ease financial stress for homeowners. This service can be especially beneficial in areas like Glen Spey, where property tax variability significantly affects homeowners' expenses.

Property Tax Bills Across Glen Spey, Sullivan County, New York

Source: Ownwell

$441

$4,134

$7,826

Median Glen Spey Tax Bill

$2,513

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 Glen Spey, Sullivan County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12737	$966	$1,576	$2,513	$3,346	$4,083

Source: Ownwell