Accord, New York Property Taxes
The median property tax rate in Accord, NY is 1.81%, 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 Accord, the typical annual property tax bill reaches $5,660, exceeding the national median of $2,690. Property taxes in Accord 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 Accord'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 Accord 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
Accord, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.81%
Estimate Property Tax Bill
$5,908
$5,482
Ownwell’s Accord Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Accord with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Accord 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 Accord, New York
Property taxes in Accord, New York, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Accord is 1.81%, notably higher than the U.S. national median of 0.99%. Local government entities within Accord set these rates annually, and they can vary significantly across different neighborhoods. Each year, Accord 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 Accord's effective property tax rate to other counties in New York and the national median. For comparison, the 12404 zip code has the highest median property tax rate of 1.81%, while the same zip code also has the lowest median tax rate of 1.81%. Understanding how these cities compare with Accord provides valuable insights into the varying tax landscape across Ulster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Accord Tax Rate
1.81%
Average Ulster County Tax Rate
2.67%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Accord, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12404 | 1.62% | 1.81% | 1.81% | 1.81% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Accord, New York
In Accord, 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 Ulster 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 Accord, 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 Accord helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12404 has the highest and lowest median tax bills, both at $5,660, reflecting the uniformity in property tax assessments within the area.
Average Accord Assessed Value
$326,389
Average Ulster County Assessed Value
$268,649
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Accord, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12404 | $111,159 | $214,365 | $326,389 | $460,694 | $674,905 |
Source: Ownwell
Property Tax Bills Across Accord, New York
In Accord, located in Ulster County, NY, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Accord experience a range of property tax bills. For example, the 25th percentile tax bill stands at $3,698, while the 75th percentile reaches $8,085. The highest median tax bill in the area is $5,660, which is significantly above the national median property tax rate of 0.99%. These figures highlight the substantial impact property taxes can have on homeowners' finances, with those at the 90th percentile facing tax bills as high as $11,826. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Accord Tax Bill
$5,660
Average Ulster County Tax Bill
$6,879
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Accord, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12404 | $1,887 | $3,698 | $5,660 | $8,085 | $11,826 |
Source: Ownwell