Parksville, Sullivan County, New York Property Taxes
Median Parksville, NY effective property tax rate: 1.75%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Parksville, NY home value: $133,524. Median annual Parksville, NY tax bill: $2,152, $248 lower than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Parksville, 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 Parksville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parksville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Parksville, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.75%
Estimate Property Tax Bill
$2,337
$2,168
Property Tax Rates Across Parksville, Sullivan County, New York
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Parksville, Sullivan County, the effective property tax rate is notably higher than the national median. With a median property tax rate of 1.75%, Parksville residents face a tax rate significantly above the national median of 1.02%. This places Parksville at the higher end of the spectrum compared to other cities in New York. The elevated property tax rate in Parksville reflects the county's budgetary needs and property values, which can result in a higher tax burden for homeowners. Understanding these rates and how they compare to state and national medians can help property owners in Parksville make informed decisions about their property tax appeals and 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 Parksville Tax Rate
1.75%
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 Parksville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12768 | 1.10% | 1.29% | 1.75% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Parksville, Sullivan County, New York
When examining property taxes in Parksville, 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 Parksville.
For example, the median home price in Parksville is $133,524, with tax bills ranging significantly across the county. Zip code 12768 has the highest median home price at $133,524.
Property Tax Assessment Values Across Parksville, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median Parksville Market Value
$133,524
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 Parksville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12768 | $50,333 | $86,857 | $133,524 | $195,048 | $266,790 |
Source: Ownwell
Property Tax Bills Across Parksville, Sullivan County, New York
In Parksville, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Sullivan County, the median property tax bill is $2,152, which is slightly below the national median of $2,400. Homeowners in Parksville can expect tax bills ranging from $1,201 at the 25th percentile to $4,967 at the 90th percentile, depending on factors such as property size, location, and market conditions.
High property taxes can significantly impact homeowners' budgets, making it crucial to ensure assessments are accurate. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team analyzes your property's assessed value, compares it with market data, and identifies any discrepancies. If we find your property is over-assessed, we assist in appealing the assessment, aiming to save you money and ease the financial burden of property ownership.
Median Parksville Tax Bill
$2,152
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 Parksville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12768 | $594 | $1,201 | $2,152 | $3,427 | $4,967 |
Source: Ownwell