Jeffersonville, New York Property Taxes
The median property tax rate in Jeffersonville, NY is 1.28%, slightly higher than the national median of 0.99% but lower than the New York state median of 2.39%. With a median home value of $191,900 in Jeffersonville, the typical annual property tax bill amounts to $2,538, which is below the national median of $2,690. Property taxes in Jeffersonville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Jeffersonville'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 Jeffersonville 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
Jeffersonville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,456
$2,279
Ownwell’s Jeffersonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeffersonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeffersonville 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 Jeffersonville, New York
Property taxes in Jeffersonville, 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 Jeffersonville is 1.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jeffersonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeffersonville 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 Jeffersonville's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12748 has the highest median property tax rate of 1.28%, while the lowest median tax rate within the same zip code is also 1.28%. Understanding how these figures compare with Jeffersonville 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 Jeffersonville Tax Rate
1.28%
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 Jeffersonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12748 | 1.11% | 1.16% | 1.28% | 1.33% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Jeffersonville, New York
In Jeffersonville, 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 Jeffersonville, 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 Jeffersonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jeffersonville is $191,900, with the highest median tax bill found in zip code 12748 at $2,538.
Property Tax Assessment Values Across Jeffersonville, New York
Source: Ownwell
$29,135
$166,546
$303,956
Average Jeffersonville Assessed Value
$191,900
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 Jeffersonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12748 | $90,156 | $136,300 | $191,900 | $283,300 | $400,263 |
Source: Ownwell
Property Tax Bills Across Jeffersonville, New York
In Jeffersonville, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. The process begins with the local tax assessor determining the assessed value of your property, which is then multiplied by the local tax rate to determine your annual property tax bill. Factors such as property size, location, and market conditions play a significant role in this assessment. Homeowners in Jeffersonville can see a wide range in their property tax bills. The median home price is $191,900, and property tax bills can vary significantly. For instance, at the 25th percentile, homeowners might pay around $1,732, while those at the 75th percentile could see bills as high as $3,712. At the 90th percentile, tax bills can reach up to $5,177. These figures highlight the variability in property taxes and underscore the importance of understanding how your specific property is assessed. Compared to the national median property tax rate of 0.99%, Jeffersonville's rates can be quite substantial, impacting homeowners' annual expenses significantly.
Average Jeffersonville Tax Bill
$2,538
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 Jeffersonville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12748 | $1,152 | $1,732 | $2,538 | $3,712 | $5,177 |
Source: Ownwell