South Fallsburg, Sullivan County, New York Property Taxes
Median South Fallsburg, NY effective property tax rate: 1.94%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median South Fallsburg, NY home value: $135,589
Median annual South Fallsburg, NY tax bill: $2,757, $357 higher than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in South Fallsburg, 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 South Fallsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in South Fallsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
South Fallsburg, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.94%
Estimate Property Tax Bill
$2,630
$2,441
Property Tax Rates Across South Fallsburg, Sullivan County, New York
Local government entities set property tax rates, which can vary significantly within a state. This is because each county annually 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.
In South Fallsburg, located in Sullivan County, NY, the effective property tax rate is significantly higher than the national median of 1.02%. With a median property tax rate of 1.94%, South Fallsburg stands out in New York, where rates can vary widely. This rate is also the highest in the region, reflecting the specific budgetary needs and property values of Sullivan County. Property owners in South Fallsburg face tax bills that are considerably above the national median property tax bill of $2,400. This highlights the importance of understanding local property tax rates and considering potential tax appeal and exemption opportunities to manage tax liabilities effectively.
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 South Fallsburg Tax Rate
1.94%
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 South Fallsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12779 | 1.33% | 1.78% | 1.94% | 2.45% | 3.98% |
Source: Ownwell
Property Tax Assessment Values Across South Fallsburg, Sullivan County, New York
When examining property taxes in South Fallsburg, 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 March. 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 South Fallsburg. For example, the median home price in South Fallsburg is $135,589, with tax bills ranging significantly across the county. Zip code 12779 has the highest median home price at $135,589.
Property Tax Assessment Values Across South Fallsburg, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Median South Fallsburg Market Value
$135,589
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 South Fallsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12779 | $76,020 | $103,093 | $135,589 | $185,903 | $268,624 |
Source: Ownwell
Property Tax Bills Across South Fallsburg, Sullivan County, New York
Median South Fallsburg Tax Bill
$2,757
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 South Fallsburg, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12779 | $1,121 | $1,998 | $2,757 | $4,074 | $5,834 |
Source: Ownwell