Big Indian, New York Property Taxes
The median property tax rate in Big Indian, NY is 1.70%, 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 Big Indian, the typical annual property tax bill reaches $3,557, exceeding the national median of $2,690. Property taxes in Big Indian 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 Big Indian'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 Big Indian 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
Big Indian, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$3,529
$3,274
Ownwell’s Big Indian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Big Indian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Big Indian 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 Big Indian, New York
Property taxes in Big Indian, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Indian is 1.70%, significantly higher than the U.S. national median of 0.99%. Local government entities within Big Indian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Indian 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 Big Indian's effective property tax rate to other areas in Ulster County and the national median. For comparison, the zip code 12410 has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these areas compare with Big Indian 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 Big Indian Tax Rate
1.70%
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 Big Indian, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12410 | 1.64% | 1.70% | 1.70% | 1.70% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Big Indian, New York
In Big Indian, 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 Big Indian, 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. The median home price in Big Indian is $207,568, and the median tax bill is $3,557. 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 Big Indian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Big Indian Assessed Value
$207,568
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 Big Indian, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12410 | $84,865 | $137,027 | $207,568 | $304,054 | $396,108 |
Source: Ownwell
Property Tax Bills Across Big Indian, New York
In Big Indian, located in Ulster 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’s office, which evaluates the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Big Indian experience a range of property tax bills. For instance, the 25th percentile tax bill is around $2,329, while the 75th percentile reaches up to $5,003. At the 90th percentile, homeowners might see tax bills as high as $7,344. The median home price in the area is $207,568, which influences these tax amounts. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners in Big Indian to understand how local rates and assessed values affect their financial obligations. High property taxes can impact affordability and overall cost of living, making it essential for property owners to stay informed and consider appealing their assessed values if they believe them to be inaccurate.
Average Big Indian Tax Bill
$3,557
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 Big Indian, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12410 | $1,338 | $2,329 | $3,557 | $5,003 | $7,344 |
Source: Ownwell