Sparrow Bush, New York Property Taxes
The median property tax rate in Sparrow Bush, NY is 1.23%, considerably higher than the national median of 0.99% but lower than the New York state median of 2.39%. With the median home value in Sparrow Bush at $201,528, the typical annual property tax bill reaches $2,425, which is below the national median of $2,690. Property taxes in Sparrow Bush are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sparrow Bush'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 Sparrow Bush or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sparrow Bush, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$2,479
$2,300
Ownwell’s Sparrow Bush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sparrow Bush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sparrow Bush 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 Sparrow Bush, New York
Property taxes in Sparrow Bush, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sparrow Bush is 1.23%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sparrow Bush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sparrow Bush 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 Sparrow Bush's effective property tax rate to other counties in New York and the national median. For comparison, the 12780 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Sparrow Bush 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 Sparrow Bush Tax Rate
1.23%
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 Sparrow Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12780 | 1.23% | 1.23% | 1.23% | 1.23% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Sparrow Bush, New York
In Sparrow Bush, NY, 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 Sparrow Bush, 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 Sparrow Bush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Within Sparrow Bush, the zip code 12780 has both the highest and lowest median tax bills, recorded at $2,425. This information can be particularly useful for homeowners looking to compare their tax responsibilities within the region.
Average Sparrow Bush Assessed Value
$201,528
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 Sparrow Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12780 | $79,514 | $112,466 | $201,528 | $280,208 | $346,875 |
Source: Ownwell
Property Tax Bills Across Sparrow Bush, New York
In Sparrow Bush, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and represents a percentage of the market value of the home. Factors such as property size, location, and improvements can influence this assessment. The local tax rate is applied to the assessed value to calculate the annual tax bill. For homeowners in Sparrow Bush, the median home price is $201,528. Property tax bills vary significantly, with the 25th percentile at $1,051 and the 75th percentile at $3,414. The 90th percentile tax bill reaches $3,485. These figures show that property taxes can have a considerable impact on homeowners, with some paying much higher amounts than others. Compared to the national median property tax rate of 0.99%, the rates in Sparrow Bush reflect the local economic conditions and funding needs for public services such as schools and infrastructure.
Average Sparrow Bush Tax Bill
$2,425
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 Sparrow Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12780 | $962 | $1,051 | $2,425 | $3,414 | $3,485 |
Source: Ownwell