Greenfield Park, New York Property Taxes
The median property tax rate in Greenfield Park, NY is 1.46%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Greenfield Park, the typical annual property tax bill reaches $1,469, which is below the national median of $2,690. Property taxes in Greenfield Park are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Greenfield Park'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 Greenfield Park 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
Greenfield Park, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$1,469
$1,453
Ownwell’s Greenfield Park Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Greenfield Park with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Greenfield Park to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Sullivan County for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Greenfield Park, New York
Property taxes in Greenfield Park, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenfield Park is 1.46%, which is higher than the U.S. national median of 0.99%. Local government entities within Greenfield Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenfield Park 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 Greenfield Park's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12435 has both the highest and lowest median property tax rate of 1.46%. Understanding how these areas compare with Greenfield Park 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 Greenfield Park Tax Rate
1.46%
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 Greenfield Park, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12435 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Greenfield Park, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Greenfield Park, NY. 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. 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 Greenfield Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Greenfield Park are both $1,469, found in the zip code 12435.
Property Tax Assessment Values Across Greenfield Park, New York
Source: Ownwell
$29,135
$166,546
$303,956
Average Greenfield Park Assessed Value
$100,628
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 Greenfield Park, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12435 | $100,628 | $100,628 | $100,628 | $100,628 | $100,628 |
Source: Ownwell
Property Tax Bills Across Greenfield Park, New York
In Greenfield Park, NY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the home. In Sullivan County, where Greenfield Park is located, the median home price is $100,628. Property taxes are then calculated by applying the local tax rate to this assessed value. For homeowners in Greenfield Park, the median property tax bill is $1,469, which is significantly higher than the national median property tax rate of 0.99%. This means that property owners in this area are paying a higher percentage of their property's value in taxes compared to the national average. Factors such as the home's location, size, and market conditions can influence the assessed value, and consequently, the tax bill. Higher property taxes can impact homeowners by increasing their annual expenses, making it essential to understand and potentially appeal their property assessments to ensure fair taxation.
Average Greenfield Park Tax Bill
$1,469
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 Greenfield Park, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12435 | $1,469 | $1,469 | $1,469 | $1,469 | $1,469 |
Source: Ownwell