Cragsmoor, Ulster County, New York Property Taxes
Median Cragsmoor, NY effective property tax rate: 2.76%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Cragsmoor, NY home value: $264,815
Median annual Cragsmoor, NY tax bill: $7,309, $4,909 higher than the national median property tax bill of $2,400.
How are property taxes in Ulster calculated?
Property taxes in Cragsmoor, 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 Cragsmoor’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cragsmoor, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cragsmoor, Ulster County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.76%
Estimate Property Tax Bill
$7,309
$6,782
Property Tax Rates Across Cragsmoor, Ulster County, New York
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cragsmoor’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Cragsmoor, located in Ulster County, New York, has a median property tax rate of 2.76%. This rate is significantly higher than the national median property tax rate of 1.02%. With such a high rate, property owners in Cragsmoor see a substantial difference in their tax bills compared to the national median property tax bill of $2400. This difference highlights the importance of understanding local tax assessments and seeking potential relief through property tax appeals and exemptions. By comparing these rates, property owners can better grasp the financial landscape and explore avenues to manage their property tax liabilities effectively.
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 Cragsmoor Tax Rate
2.76%
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 Cragsmoor, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12420 | 2.67% | 2.76% | 2.76% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Cragsmoor, Ulster County, New York
When examining property taxes in Cragsmoor, 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 Cragsmoor. For example, the median home price in Cragsmoor is $264,815, with tax bills ranging significantly across the county. Zip code 12420 has the highest median home price at $264,815.
Property Tax Assessment Values Across Cragsmoor, Ulster County, New York
Source: Ownwell
$94,364
$366,546
$638,727
Median Cragsmoor Market Value
$264,815
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 Cragsmoor, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12420 | $128,272 | $192,469 | $264,815 | $362,592 | $455,556 |
Source: Ownwell
Property Tax Bills Across Cragsmoor, Ulster County, New York
In Cragsmoor, located in Ulster County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Cragsmoor face a median property tax bill of $7,309, significantly higher than the national median of $2,400. This places a substantial financial burden on homeowners, especially when compared to the national median property tax rate of 1.02%.
Ownwell assists homeowners by offering property tax appeal services, aiming to reduce their assessed values and, consequently, their tax bills. By analyzing local market trends and comparable property values, Ownwell identifies potential discrepancies in assessments. This targeted approach can help homeowners in Cragsmoor save significantly on their property taxes, ensuring they only pay their fair share.
Median Cragsmoor Tax Bill
$7,309
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 Cragsmoor, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12420 | $3,540 | $5,312 | $7,309 | $9,893 | $12,267 |
Source: Ownwell