Kiamesha Lake, Sullivan County, New York Property Taxes
Median Kiamesha Lake, NY effective property tax rate: 1.73%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Kiamesha Lake, NY home value: $97,822
Median annual Kiamesha Lake, NY tax bill: $2,749, $349 higher than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Kiamesha 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 Kiamesha Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kiamesha Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Kiamesha Lake, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.73%
Estimate Property Tax Bill
$1,692
$1,570
Property Tax Rates Across Kiamesha Lake, Sullivan County, New York
Local government entities set tax rates, resulting in considerable variation within a state. This occurs because each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction, leading to the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Kiamesha Lake, located in Sullivan County, the effective property tax rate stands at 1.73%. This rate is notably higher than the national median property tax rate of 1.02%. For comparison, the median property tax rate in New York also reflects this higher trend at 1.73%. This suggests that property owners in Kiamesha Lake face a higher tax burden compared to many other areas in the country. Such rates can significantly impact property owners' financial planning, making it crucial to explore potential property tax appeals or exemptions. Understanding these local tax dynamics is vital for homeowners aiming to manage their expenses effectively.
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 Kiamesha Lake Tax Rate
1.73%
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 Kiamesha Lake, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12751 | 1.62% | 1.63% | 1.73% | 2.20% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Kiamesha Lake, Sullivan County, New York
When examining property taxes in Kiamesha 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 April. 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 Kiamesha Lake.
For example, the median home price in Kiamesha Lake is $97,822, with tax bills ranging significantly across the county. Zip code 12751 has the highest median home price at $97,822.
Property Tax Assessment Values Across Kiamesha Lake, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median Kiamesha Lake Market Value
$97,822
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 Kiamesha Lake, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12751 | $61,726 | $75,209 | $97,822 | $197,258 | $371,549 |
Source: Ownwell
Property Tax Bills Across Kiamesha Lake, Sullivan County, New York
Median Kiamesha Lake Tax Bill
$2,749
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 Kiamesha Lake, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12751 | $677 | $895 | $2,749 | $3,651 | $4,823 |
Source: Ownwell