White Sulphur Springs, New York Property Taxes
The median property tax rate in White Sulphur Springs, NY, is 2.21%, 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 White Sulphur Springs, the typical annual property tax bill reaches $2,516, slightly below the national median of $2,690. Property taxes in White Sulphur Springs 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 White Sulphur Springs' 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 Sulphur Springs 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
White Sulphur Springs, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$2,858
$2,652
Ownwell’s White Sulphur Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Sulphur Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Sulphur Springs 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 White Sulphur Springs, New York
Property taxes in White Sulphur Springs, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Sulphur Springs is 2.21%, significantly higher than the U.S. national median of 0.99%. Local government entities within White Sulphur Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Sulphur Springs 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 Sulphur Springs' effective property tax rate to other areas in New York and the national median. For comparison, the 12787 zip code has both the highest and lowest median property tax rate of 2.21%. Understanding how these areas compare with White Sulphur Springs 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 Sulphur Springs Tax Rate
2.21%
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 Sulphur Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12787 | 0.93% | 1.53% | 2.21% | 2.22% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across White Sulphur Springs, New York
In White Sulphur Springs, 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 Sulphur Springs, 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 Sulphur Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across White Sulphur Springs, New York
Source: Ownwell
$29,135
$166,546
$303,956
Average White Sulphur Springs Assessed Value
$129,300
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 Sulphur Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12787 | $79,710 | $100,625 | $129,300 | $158,800 | $197,930 |
Source: Ownwell
Property Tax Bills Across White Sulphur Springs, New York
In White Sulphur Springs, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to compute the annual tax bill. For example, with a median home price of $129,300, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,562, while at the 75th percentile, it rises to approximately $3,274. The 90th percentile tax bill can reach up to $3,724. These figures highlight the range of property tax burdens that homeowners might face, depending on their property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, these tax bills illustrate the local impact of property taxes on homeowners in White Sulphur Springs, emphasizing the importance of accurate property assessments and awareness of local tax rates.
Average White Sulphur Springs Tax Bill
$2,516
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 Sulphur Springs, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12787 | $979 | $1,562 | $2,516 | $3,274 | $3,724 |
Source: Ownwell