White Lake, New York Property Taxes
The median property tax rate in White Lake, NY is 2.64%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in White Lake at $248,310, the typical annual property tax bill reaches $6,644, far exceeding the national median of $2,690. Property taxes in White Lake 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 White Lake'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 White Lake 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
White Lake, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.64%
Estimate Property Tax Bill
$6,555
$6,083
Ownwell’s White Lake Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in White Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Lake to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in trends on a neighborhood level, additional localized information is available below. Your property's assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across White Lake, New York
Property taxes in White Lake, 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 White Lake is 2.64%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within White Lake set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Lake 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 White Lake's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12786 has the median property tax rate of 2.64%. Understanding how these cities compare with White Lake 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 White Lake Tax Rate
2.64%
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 White Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12786 | 2.10% | 2.49% | 2.64% | 2.68% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across White Lake, New York
In White Lake, 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 White Lake, 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 White Lake helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $6644 in zip code 12786, while the lowest median tax bill is also $6644 in the same zip code.
Average White Lake Assessed Value
$248,310
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 White Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12786 | $113,380 | $153,230 | $248,310 | $497,664 | $965,210 |
Source: Ownwell
Property Tax Bills Across White Lake, New York
In White Lake, NY, property tax bills are determined based on the assessed value of a homeowner's property and the local tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the local property tax rate to calculate the annual tax bill. For instance, with a median home price of $248,310, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Several factors influence the tax bill, including property size, location, and any applicable exemptions. In Sullivan County, where White Lake is located, tax bills can range widely. The 25th percentile tax bill is around $3,963, while the 75th percentile reaches up to $12,984. At the 90th percentile, homeowners might see tax bills as high as $26,686. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in White Lake should be aware of these factors as they significantly impact their annual financial obligations and overall cost of homeownership.
Average White Lake Tax Bill
$6,644
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 White Lake, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12786 | $2,769 | $3,963 | $6,644 | $12,984 | $26,686 |
Source: Ownwell