Lake Hill, Ulster County, New York Property Taxes

Name: Property Tax Bills Across Lake Hill, Ulster County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake Hill, NY effective property tax rate: 1.60%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Lake Hill, NY home value: $442,623
Median annual Lake Hill, NY tax bill: $6,961, $4,561 higher than the national median property tax bill of $2,400.

How are property taxes in Ulster calculated?

Property taxes in Lake Hill, 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 Lake Hill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake Hill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Hill, Ulster County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.6%

Estimate Property Tax Bill

$7,082

$6,572

Ownwell’s LAKE HILL Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in LAKE HILL with just two data points.

By entering your property's estimated assessed value, our calculator applies LAKE HILL’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ulster.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Hill, Ulster County, New York

Local government entities set tax rates, which can vary widely within a state. This is because 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.

In Lake Hill, located in Ulster County, New York, the effective property tax rate stands out compared to other cities in the state and the national average. With a median property tax rate of 1.60%, it is significantly higher than the national median of 1.02%. This discrepancy highlights how property tax rates can differ not only from state to state but also within different regions of the same state. Understanding these differences is crucial for homeowners seeking to manage their property tax expenses effectively. Comparing Lake Hill’s rate to both the state and national medians provides valuable insight into the local tax landscape, emphasizing the importance of staying informed about property tax trends in your area.

Property Tax Rates Across Lake Hill, Ulster County, New York

Source: Ownwell

1.52%

2.80%

4.08%

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 Lake Hill Tax Rate

1.60%

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 Lake Hill, Ulster County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12448	1.48%	1.60%	1.60%	1.60%	1.60%

Source: Ownwell

Property Tax Assessment Values Across Lake Hill, Ulster County, New York

When examining property taxes in Lake Hill, 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 May. 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 Lake Hill. For example, the median home price in Lake Hill is $442,623, with tax bills ranging significantly across the county. Zip code 12448 has the highest median home price at $442,623.

Property Tax Assessment Values Across Lake Hill, Ulster County, New York

Source: Ownwell

$94,364

$366,546

$638,727

Median Lake Hill Market Value

$442,623

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 Lake Hill, Ulster County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12448	$196,721	$290,328	$442,623	$668,852	$1,079,016

Source: Ownwell

Property Tax Bills Across Lake Hill, Ulster County, New York

In Lake Hill, Ulster County, NY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. This assessed value is typically a percentage of the property's market value, which can vary based on local assessments. Factors such as location, property size, and improvements can influence the assessed value, impacting the final tax bill. In Lake Hill, the property tax bills range significantly, with the 25th percentile at $4,606 and the 75th percentile reaching $10,756. These figures are notably higher than the national median property tax bill of $2,400, reflecting the area's higher property values and tax rates. Homeowners in Lake Hill may find their budgets strained by these substantial tax bills. However, Ownwell can assist by identifying potential savings through appeals and exemptions. By leveraging their expertise, homeowners can potentially reduce their tax burden, ensuring they only pay their fair share and helping to alleviate some of the financial pressure associated with high property taxes.

Property Tax Bills Across Lake Hill, Ulster County, New York

Source: Ownwell

$1,547

$7,282

$13,016

Median Lake Hill Tax Bill

$6,961

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 Lake Hill, Ulster County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12448	$3,151	$4,606	$6,961	$10,756	$17,376

Source: Ownwell