Hankins, Sullivan County, New York Property Taxes

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

Median Hankins, NY effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but considerably lower than the New York state median of 2.39%. Median Hankins, NY home value: $162,200. Median annual Hankins, NY tax bill: $2,396, just $4 lower than the national median property tax bill of $2,400.

How are property taxes in Sullivan calculated?

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

Last Updated March 1, 2025

Hankins, Sullivan County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.99%

Estimate Property Tax Bill

$1,606

$1,490

Ownwell’s Hankins Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hankins with just two data points. By entering your property's estimated assessed value, our calculator applies Hankins’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 Hankins, Sullivan County, New York

As noted earlier, local government entities set tax rates, which can vary widely within a state. Why? Because 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, in a nutshell, this is the annual process. Below, you can compare Hankins’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Property Tax Rates Across Hankins, 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 Hankins Tax Rate

0.99%

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 Hankins, Sullivan County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12741	0.85%	0.99%	0.99%	1.01%	1.47%

Source: Ownwell

Property Tax Assessment Values Across Hankins, Sullivan County, New York

When examining property taxes in Hankins, 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. Assessment notices: 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 Hankins. For example, the median home price in Hankins is $162,200, with tax bills ranging significantly across the county. 12741 has the highest median home price at $162,200.

Property Tax Assessment Values Across Hankins, Sullivan County, New York

Source: Ownwell

$97,822

$200,889

$303,956

Median Hankins Market Value

$162,200

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 Hankins, Sullivan County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12741	$95,880	$124,500	$162,200	$282,700	$412,920

Source: Ownwell

Property Tax Bills Across Hankins, Sullivan County, New York

In Hankins, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The tax rate is applied to this assessed value to calculate the annual property tax bill. In Hankins, the median property tax bill is $2,396, which is slightly below the national median of $2,400. Factors such as location, property size, and improvements can influence the assessed value, impacting the overall tax bill. Homeowners with a property tax bill in the 25th percentile pay approximately $1,263, while those in the 75th percentile pay around $3,343. For those in the 90th percentile, the bill can reach $4,281. Ownwell assists homeowners by reviewing their property assessments and identifying potential discrepancies that could lead to reductions in their tax bills. By appealing these assessments, Ownwell can help homeowners achieve significant savings, ensuring they only pay their fair share.

Property Tax Bills Across Hankins, Sullivan County, New York

Source: Ownwell

$441

$4,134

$7,826

Median Hankins Tax Bill

$2,396

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 Hankins, Sullivan County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12741	$1,168	$1,263	$2,396	$3,343	$4,281

Source: Ownwell