Roscoe, New York Property Taxes
The median property tax rate in Roscoe, NY is 1.29%, which is notably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With a median home value of $167,238 in Roscoe, the typical annual property tax bill amounts to $1,812, falling short of the national median of $2,690. Property taxes in Roscoe are calculated based on the tax assessed value, often below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Roscoe'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 Roscoe or elsewhere in Sullivan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roscoe, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$2,157
$2,133
Ownwell’s Roscoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roscoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roscoe 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 Roscoe, New York
Property taxes in Roscoe, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roscoe is 1.29%, which is higher than the U.S. national median of 0.99%. Local government entities within Roscoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roscoe 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 Roscoe's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12776 in Sullivan County has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these areas compare with Roscoe 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 Roscoe Tax Rate
1.29%
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 Roscoe, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12776 | 0.72% | 1.05% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Roscoe, New York
In Roscoe, 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 Roscoe, 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 Roscoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Roscoe are both $1812, specifically in the 12776 zip code.
Average Roscoe Assessed Value
$167,238
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 Roscoe, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12776 | $83,848 | $120,000 | $167,238 | $271,238 | $388,288 |
Source: Ownwell
Property Tax Bills Across Roscoe, New York
In Roscoe, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $167,238, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Factors influencing the tax bill include the property's market value, the local tax levy, and any applicable exemptions or deductions. Homeowners in Roscoe see a wide range of tax bills, from the 25th percentile at $1,231 to the 90th percentile at $4,725. The median tax bill in the area is $1,812, which is higher than the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the community. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Roscoe Tax Bill
$1,812
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 Roscoe, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12776 | $524 | $1,231 | $1,812 | $3,075 | $4,725 |
Source: Ownwell