Claryville, New York Property Taxes
The median property tax rate in Claryville, NY is 2.47%, 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 Claryville at $144,948, the typical annual property tax bill reaches $3,348, exceeding the national median of $2,690. Property taxes in Claryville 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 Claryville'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 Claryville or another part of Ulster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Claryville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$3,580
$3,540
Ownwell’s Claryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Claryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Claryville 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 Claryville, New York
Property taxes in Claryville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Claryville is 2.47%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Claryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Claryville 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 Claryville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12725 has the highest median property tax rate of 2.47%, while the same zip code also has the lowest median tax rate of 2.47%. Understanding how these cities compare with Claryville 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 Claryville Tax Rate
2.47%
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 Claryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12725 | 2.42% | 2.47% | 2.47% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Claryville, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Claryville, 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 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 Claryville, 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 Claryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Claryville is 12725, with a median tax bill of $3,348.
Average Claryville Assessed Value
$144,948
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 Claryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12725 | $54,843 | $91,638 | $144,948 | $223,484 | $337,979 |
Source: Ownwell
Property Tax Bills Across Claryville, New York
Property tax bills in Claryville, NY, located in Ulster County, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the property. For homeowners in Claryville, the median home price is $144,948. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,171 and the 75th percentile reaching $5,440. At the higher end, the 90th percentile tax bill can be as much as $8,052. These tax bills are influenced by factors such as property improvements, neighborhood developments, and changes in the local real estate market. The highest median tax bill in the area is $3,348, which is consistent across different zip codes. This property tax burden can significantly impact homeowners, affecting their monthly budgets and long-term financial planning. Compared to the national median property tax rate of 0.99%, Claryville's property tax rates reflect the unique economic and real estate conditions of the region.
Average Claryville Tax Bill
$3,348
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 Claryville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12725 | $1,354 | $2,171 | $3,348 | $5,440 | $8,052 |
Source: Ownwell