Hurleyville, New York Property Taxes
The median property tax rate in Hurleyville, NY is 1.62%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Hurleyville, the typical annual property tax bill reaches $2,702, slightly exceeding the national median of $2,690. Property taxes in Hurleyville 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 Hurleyville'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 Hurleyville 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
Hurleyville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,710
$2,515
Ownwell’s Hurleyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hurleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hurleyville 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 Hurleyville, New York
Property taxes in Hurleyville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hurleyville is 1.62%, which is higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hurleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hurleyville 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 Hurleyville's effective property tax rate to other counties in New York and the national median. For comparison, the 12747 zip code has the highest median property tax rate of 1.62%, which is also the same as the lowest median tax rate in the area. Understanding how these cities compare with Hurleyville 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 Hurleyville Tax Rate
1.62%
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 Hurleyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12747 | 0.25% | 1.52% | 1.62% | 2.13% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Hurleyville, New York
In Hurleyville, 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 Hurleyville, 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 Hurleyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 12747, with a median tax bill of $2,702.
Average Hurleyville Assessed Value
$167,281
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 Hurleyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12747 | $61,576 | $107,575 | $167,281 | $221,705 | $303,003 |
Source: Ownwell
Property Tax Bills Across Hurleyville, New York
In Hurleyville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to produce the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Hurleyville is $167,281. Homeowners in the 25th percentile can expect to pay around $1,417 annually, while those in the 75th percentile might pay up to $3,786. The top 10% of tax bills can reach as high as $5,443. Compared to the national median property tax rate of 0.99%, Hurleyville's property taxes can be relatively high, impacting homeowners' overall expenses. The highest median tax bill in the area is $2,702, which is consistent across the zip code 12747. Understanding these factors helps homeowners anticipate their tax obligations and manage their budgets effectively.
Average Hurleyville Tax Bill
$2,702
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 Hurleyville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12747 | $409 | $1,417 | $2,702 | $3,786 | $5,443 |
Source: Ownwell