Rock Hill, New York Property Taxes
The median property tax rate in Rock Hill, NY is 1.52%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Rock Hill, the typical annual property tax bill reaches $2,676, slightly below the national median of $2,690. Property taxes in Rock Hill 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 Rock Hill'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 Rock Hill or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rock Hill, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$4,011
$3,966
Ownwell’s Rock Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rock Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rock Hill 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 Rock Hill, New York
Property taxes in Rock Hill, New York, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Rock Hill is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rock Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock Hill 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. Understanding how Rock Hill's effective property tax rate compares to other areas within Sullivan County and the national median offers valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock Hill Tax Rate
1.52%
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 Rock Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12775 | 0.91% | 1.51% | 1.52% | 2.42% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Rock Hill, New York
In Rock Hill, 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 Rock Hill, 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. Being aware of these valuation processes in Rock Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rock Hill are both $2,676 in the zip code 12775.
Average Rock Hill Assessed Value
$263,871
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 Rock Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12775 | $120,838 | $176,129 | $263,871 | $358,387 | $489,484 |
Source: Ownwell
Property Tax Bills Across Rock Hill, New York
In Rock Hill, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Rock Hill can expect a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $2,245, while the 75th percentile reaches approximately $4,215. At the higher end, the 90th percentile tax bill can be as much as $6,874. Factors such as property size, location, and market value influence the assessed value, and consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Rock Hill's property taxes reflect the local economic conditions and public service funding needs. Homeowners in Sullivan County, where Rock Hill is located, face varying tax burdens, with the highest median tax bill recorded at $2,676 in the 12775 zip code, mirroring both the highest and lowest median tax bills in the area.
Average Rock Hill Tax Bill
$2,676
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 Rock Hill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12775 | $1,219 | $2,245 | $2,676 | $4,215 | $6,874 |
Source: Ownwell