Woodridge, Sullivan County, New York Property Taxes
The median property tax rate in Woodridge, NY is 1.53%, 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 Woodridge at $136,710, the typical annual property tax bill reaches $2,014, exceeding the national median of $2,690. Property taxes in Woodridge 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 Woodridge'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 Woodridge 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
Woodridge, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,092
$1,941
Ownwell’s Woodridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodridge 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 Woodridge, Sullivan County, New York
Property taxes in Woodridge, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodridge is 1.53%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Woodridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodridge 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 Woodridge's effective property tax rate to other counties in New York and the national median. For comparison, the 12789 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these areas compare with Woodridge 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 Woodridge Tax Rate
1.53%
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 Woodridge, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12789 | 1.05% | 1.07% | 1.53% | 1.81% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Woodridge, Sullivan County, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Woodridge, NY. 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 Woodridge, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Woodridge, the median home price stands at $136,710. The tax bill at the 25th percentile is $1,266, while at the 75th percentile, it reaches $2,823. The 90th percentile tax bill is $4,450. Interestingly, both the highest and lowest median tax bills are the same at $2,014, found in the zip code 12789.
Property Tax Assessment Values Across Woodridge, Sullivan County, New York
Source: Ownwell
$97,822
$200,889
$303,956
Average Woodridge Assessed Value
$136,710
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 Woodridge, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12789 | $69,521 | $107,575 | $136,710 | $174,810 | $232,631 |
Source: Ownwell
Property Tax Bills Across Woodridge, Sullivan County, New York
In Woodridge, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Homeowners in Woodridge, Sullivan County, can expect varying tax bills depending on their property's assessed value and the local tax rate. The median home price in Woodridge is $136,710. Tax bills in this city can range significantly, with the 25th percentile at $1,266 and the 75th percentile reaching $2,823. For those in the 90th percentile, tax bills can be as high as $4,450. The highest and lowest median tax bills in the area both stand at $2,014, located in the 12789 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Woodridge may experience different financial impacts based on their home's assessed value and the local tax rate. Understanding these factors is crucial for homeowners to anticipate their property tax obligations accurately.
Average Woodridge Tax Bill
$2,014
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 Woodridge, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12789 | $813 | $1,266 | $2,014 | $2,823 | $4,450 |
Source: Ownwell