Narrowsburg, Sullivan County, New York Property Taxes
Median Narrowsburg, NY effective property tax rate: 1.15%, slightly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Narrowsburg, NY home value: $219,552
Median annual Narrowsburg, NY tax bill: $2,472, $72 higher than the national median property tax bill of $2,400.
How are property taxes in Sullivan County calculated?
Property taxes in Narrowsburg, 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 Narrowsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Narrowsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Narrowsburg, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$2,525
$2,343
Property Tax Rates Across Narrowsburg, Sullivan County, New York
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Narrowsburg's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
In Narrowsburg, located in Sullivan County, property tax rates stand at 1.15%, which is above the national median of 1.02%. This reflects the county's budgeting needs and property values. Despite the higher rate, the local tax bill may still be influenced by property values, which can vary significantly. While Narrowsburg's rate aligns with the highest and lowest median tax rates in the state, it is essential to consider both the tax rate and the assessed property value when evaluating overall tax expenses. Understanding these dynamics helps residents make informed decisions about property ownership and financial planning.
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 Narrowsburg Tax Rate
1.15%
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 Narrowsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12764 | 0.95% | 1.15% | 1.15% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Narrowsburg, Sullivan County, New York
When examining property taxes in Narrowsburg, 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 May. 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 Narrowsburg. For example, the median home price in Narrowsburg is $219,552, with tax bills ranging significantly across the county. Zip code 12764 has the highest median home price at $219,552.
Property Tax Assessment Values Across Narrowsburg, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median Narrowsburg Market Value
$219,552
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 Narrowsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12764 | $83,120 | $151,593 | $219,552 | $298,111 | $410,560 |
Source: Ownwell
Property Tax Bills Across Narrowsburg, Sullivan County, New York
Median Narrowsburg Tax Bill
$2,472
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 Narrowsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12764 | $914 | $1,672 | $2,472 | $3,378 | $4,296 |
Source: Ownwell