Ellenville, New York Property Taxes
The median property tax rate in Ellenville, NY is 4.08%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Ellenville at $124,815, the typical annual property tax bill reaches $4,405, exceeding the national median of $2,690. Property taxes in Ellenville 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 Ellenville'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 Ellenville 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
Ellenville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.08%
Estimate Property Tax Bill
$5,092
$4,726
Ownwell’s Ellenville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Ellenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellenville to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more granular insights, additional neighborhood-level information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Ellenville, New York
Property taxes in Ellenville, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellenville is 4.08%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Ellenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellenville 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 Ellenville's effective property tax rate to other counties in New York and the national median. For comparison, the 12428 zip code has the highest median property tax rate of 4.08%, while the same zip code also has the lowest median tax rate of 4.08%. Understanding how these cities compare with Ellenville 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 Ellenville Tax Rate
4.08%
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 Ellenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12428 | 2.76% | 2.79% | 4.08% | 4.22% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Ellenville, New York
In Ellenville, 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 Assessment Office 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 Ellenville, 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. For instance, the median home price in Ellenville is $124,815, with tax bills ranging from $3,034 at the 25th percentile to $8,001 at the 90th percentile. The highest and lowest median tax bills, both at $4,405, are found in the 12428 zip code. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ellenville Assessed Value
$124,815
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 Ellenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12428 | $56,592 | $85,802 | $124,815 | $175,679 | $245,358 |
Source: Ownwell
Property Tax Bills Across Ellenville, New York
In Ellenville, located in Ulster County, NY, property tax bills are calculated based on the assessed value of a home. This assessed value is derived from the market value, which is determined by the local assessor's office. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the home's location, size, and condition. For instance, the median home price in Ellenville is $124,815. Homeowners in the 25th percentile can expect to pay around $3,034 in property taxes, while those in the 75th percentile might see bills as high as $5,954. The highest median tax bill in the area is $4,405, recorded in the 12428 zip code. Compared to the national median property tax rate of 0.99%, Ellenville's tax rates can be relatively high, impacting homeowners significantly. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Ellenville Tax Bill
$4,405
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 Ellenville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12428 | $1,957 | $3,034 | $4,405 | $5,954 | $8,001 |
Source: Ownwell