Mountain Dale, New York Property Taxes
The median property tax rate in Mountain Dale, NY is 1.59%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Mountain Dale at $152,398, the typical annual property tax bill reaches $2,494, which is below the national median of $2,690. Property taxes in Mountain Dale 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 Mountain Dale'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 Mountain Dale or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mountain Dale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$2,423
$2,249
Ownwell’s Mountain Dale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountain Dale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountain Dale 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 Mountain Dale, New York
Property taxes in Mountain Dale, New York, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountain Dale is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mountain Dale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountain Dale 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 Mountain Dale's effective property tax rate to other counties in New York and the national median. For comparison, the 12763 zip code has the highest median property tax rate of 1.59%, while also having the lowest median tax rate of 1.59%. Understanding how these cities compare with Mountain Dale 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 Mountain Dale Tax Rate
1.59%
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 Mountain Dale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12763 | 0.87% | 1.37% | 1.59% | 1.93% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Mountain Dale, New York
In Mountain Dale, 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 Mountain Dale, 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. For example, the median home price in Mountain Dale is $152,398, with tax bills ranging from $1,689 at the 25th percentile to $4,915 at the 90th percentile. Identifying opportunities for protesting assessments or applying for exemptions can effectively manage the tax burden.
Average Mountain Dale Assessed Value
$152,398
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 Mountain Dale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12763 | $90,049 | $108,247 | $152,398 | $212,909 | $280,233 |
Source: Ownwell
Property Tax Bills Across Mountain Dale, New York
Property tax bills in Mountain Dale, located in Sullivan County, NY, are determined by assessing the value of a property and applying the local tax rate. The median home price in Mountain Dale is $152,398, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence the tax bill, including property size, location, and improvements made to the property. For homeowners in Mountain Dale, property tax bills can range significantly. The 25th percentile tax bill is $1,689, while the 75th percentile tax bill is $3,724, and the 90th percentile tax bill can reach up to $4,915. These variations highlight how different factors can affect the total amount owed. Homeowners in Mountain Dale should be aware that their property tax rate is above the national median of 0.99%, which can impact their overall housing costs. Properly understanding how these assessments and rates work can help homeowners manage their expenses more effectively.
Average Mountain Dale Tax Bill
$2,494
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 Mountain Dale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12763 | $696 | $1,689 | $2,494 | $3,724 | $4,915 |
Source: Ownwell