Woodbourne, New York Property Taxes
The median property tax rate in Woodbourne, NY is 1.55%, 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 Woodbourne, the typical annual property tax bill reaches $2,424, slightly below the national median of $2,690. Property taxes in Woodbourne 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 Woodbourne'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 Woodbourne 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
Woodbourne, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$2,084
$1,934
Ownwell’s Woodbourne Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Woodbourne with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Woodbourne to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Sullivan County and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Woodbourne, New York
Property taxes in Woodbourne, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodbourne is 1.55%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Woodbourne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodbourne 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 Woodbourne's effective property tax rate to other counties in New York and the national median. For comparison, the 12788 zip code has the highest median property tax rate of 1.55%, while the 12788 zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Woodbourne 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 Woodbourne Tax Rate
1.55%
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 Woodbourne, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12788 | 1.09% | 1.52% | 1.55% | 1.85% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Woodbourne, New York
In Woodbourne, New York, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Sullivan County Appraisal District for tax purposes. Conversely, 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. Assessment notices in Woodbourne 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. Awareness of these valuation processes in Woodbourne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12788 has the highest median tax bill of $2,424, while also having the lowest median tax bill of $2,424.
Average Woodbourne Assessed Value
$134,469
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 Woodbourne, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12788 | $54,393 | $90,024 | $134,469 | $186,015 | $268,938 |
Source: Ownwell
Property Tax Bills Across Woodbourne, New York
In Woodbourne, located in Sullivan County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Woodbourne is $134,469, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Various factors, such as property size, location, and market conditions, influence the assessed value. Homeowners in Woodbourne can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,626, while at the 75th percentile, it rises to $3,376. At the 90th percentile, it reaches $4,717. These figures indicate that property tax bills can range widely depending on the specific characteristics of each property. Compared to the national median property tax rate of 0.99%, Woodbourne's tax rate reflects the local fiscal policies and the county's budgetary needs. For homeowners, understanding these factors is crucial for financial planning and anticipating annual property tax obligations.
Average Woodbourne Tax Bill
$2,424
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 Woodbourne, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12788 | $690 | $1,626 | $2,424 | $3,376 | $4,717 |
Source: Ownwell