Chichester, Ulster County, New York Property Taxes
Median Chichester, NY effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Chichester, NY home value: $177,568
Median annual Chichester, NY tax bill: $2,966, $566 higher than the national median property tax bill of $2,400.
How are property taxes in Ulster calculated?
Property taxes in Chichester, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Chichester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chichester, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chichester, Ulster County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$3,036
$2,818
Property Tax Rates Across Chichester, Ulster County, New York
Local government entities are responsible for setting tax rates, which can vary significantly across different areas within a state. Each year, counties determine their necessary budget to fund public services and divide that amount by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. This annual process, while influenced by votes and legislation, is fundamentally about balancing budgets and property values.
In Chichester, located in Ulster County, New York, the effective property tax rate is notably higher than the national median of 1.02%. This places a greater financial burden on property owners in Chichester compared to many other areas in the United States. However, it's important to consider that these taxes fund essential services that contribute to the community's quality of life. When comparing Chichester’s property tax rate to other cities in New York, it aligns with the state's median, reflecting the broader trend in this region. Understanding these nuances helps property owners make informed decisions about their investments and potential tax liabilities.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chichester Tax Rate
1.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Ulster County Tax Rate
2.67%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chichester, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12416 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Chichester, Ulster County, New York
When examining property taxes in Chichester, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ulster County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Ulster County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chichester.
For example, the median home price in Chichester is $177,568, with tax bills ranging significantly across the county. Zip code 12416 has the highest median home price at $177,568.
Property Tax Assessment Values Across Chichester, Ulster County, New York
Source: Ownwell
$94,364
$366,546
$638,727
Median Chichester Market Value
$177,568
Median Ulster County Market Value
$268,649
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chichester, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12416 | $67,784 | $118,243 | $177,568 | $264,730 | $389,784 |
Source: Ownwell
Property Tax Bills Across Chichester, Ulster County, New York
In Chichester, located in Ulster County, NY, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The tax rate is applied to this assessed value to determine the annual property tax bill. Various factors, such as changes in market conditions and local budget requirements, influence these assessments. Homeowners in Chichester face a median property tax bill that can range significantly, with the 25th percentile at $1,969 and the 75th percentile at $4,413. This variability can impact homeowners' financial planning, especially when compared to the national median property tax bill of $2,400.
Ownwell provides valuable services to help homeowners in Chichester reduce their property tax burden. By leveraging expert knowledge and local data, Ownwell can identify potential inaccuracies in property assessments and file appeals on behalf of homeowners. This process can lead to significant savings, ensuring that homeowners only pay their fair share. With Ownwell's assistance, homeowners can navigate the complexities of property taxes more effectively and potentially reduce their annual tax bills.
Median Chichester Tax Bill
$2,966
Median Ulster County Tax Bill
$6,879
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Chichester, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12416 | $1,141 | $1,969 | $2,966 | $4,413 | $6,616 |
Source: Ownwell