Kenoza Lake, Sullivan County, New York Property Taxes
Median Kenoza Lake, NY effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Kenoza Lake, NY home value: $198,000
Median annual Kenoza Lake, NY tax bill: $2,291, $109 lower than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Kenoza Lake, 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 Kenoza Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kenoza Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kenoza Lake, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.28%
Estimate Property Tax Bill
$2,534
$2,352
Property Tax Rates Across Kenoza Lake, Sullivan County, New York
Local government entities set property tax rates, which can vary widely within a state. Each year, counties calculate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Kenoza Lake, located in Sullivan County, New York, the effective property tax rate can be compared to other cities in the state as well as the median property tax rates in New York and the U.S. Kenoza Lake's tax rate is higher than the national median of 1.02%, reflecting the region's unique budgetary needs and property values. This rate is consistent across Sullivan County, indicating uniformity in how property taxes are assessed within the area.
Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By staying informed, homeowners can ensure they are not overpaying and take advantage of any available appeals or exemptions.
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 Kenoza Lake Tax Rate
1.28%
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 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 Kenoza Lake, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12750 | 0.85% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Kenoza Lake, Sullivan County, New York
When examining property taxes in Kenoza Lake, 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 March. 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 Kenoza Lake.
For example, the median home price in Kenoza Lake is $198,000, with tax bills ranging significantly across the county. Zip code 12750 has the highest median home price at $198,000.
Property Tax Assessment Values Across Kenoza Lake, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median Kenoza Lake Market Value
$198,000
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 Kenoza Lake, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12750 | $73,680 | $119,600 | $198,000 | $389,400 | $634,340 |
Source: Ownwell
Property Tax Bills Across Kenoza Lake, Sullivan County, New York
In Kenoza Lake, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects the market value of the property. Homeowners in Kenoza Lake experience a range of tax bills, with the 25th percentile at $1,130 and the 75th percentile reaching $3,578. The highest median tax bill in the area is $2,291, which aligns closely with the national median of $2,400.
Factors influencing the tax bill include the property's assessed value and the local tax rate, which can vary significantly within Sullivan County. These taxes can be a substantial financial burden for homeowners, especially if the property's assessed value is higher than its actual market value. Ownwell can help homeowners in Kenoza Lake by providing property tax appeal services, potentially lowering their tax bills. By analyzing the property's assessed value and market conditions, Ownwell identifies opportunities for tax reductions, ensuring homeowners only pay their fair share.
Median Kenoza Lake Tax Bill
$2,291
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 Kenoza Lake, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12750 | $486 | $1,130 | $2,291 | $3,578 | $5,576 |
Source: Ownwell