Lake Katrine, Ulster County, New York Property Taxes

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

Median Lake Katrine, NY effective property tax rate: 3.18%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Lake Katrine, NY home value: $222,727
Median annual Lake Katrine, NY tax bill: $6,978, $4,578 higher than the national median property tax bill of $2,400.

How are property taxes in Ulster County calculated?

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

Last Updated March 1, 2025

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.18%

Estimate Property Tax Bill

$7,083

$6,573

Ownwell’s Lake Katrine Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Katrine with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Katrine’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 County. For those interested in more localized information, please scroll down to explore city-level trends!

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

Local government entities have the authority to set tax rates, which can vary significantly within a state. This variation primarily stems from the fact that each county annually estimates its budgetary needs to provide essential services. The total budget is then divided by the total value of all taxable property within the county's jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the yearly process undertaken.

Comparing Lake Katrine's effective property tax rate with other cities in New York and the national median provides insight into the local tax landscape. With a median property tax rate of 3.18%, Lake Katrine in Ulster County stands out compared to the national median of 1.02%. This difference highlights the unique tax environment in Lake Katrine, where the property tax rate is significantly higher than the national average. Understanding these local tax rates is crucial for property owners, as it directly impacts their financial obligations and can influence decisions related to property investment and ownership in the area.

Property Tax Rates Across Lake Katrine, 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 Katrine Tax Rate

3.18%

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 Katrine, Ulster County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12449	2.80%	3.06%	3.18%	3.21%	3.21%

Source: Ownwell

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

When examining property taxes in Lake Katrine, 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 Katrine. For example, the median home price in Lake Katrine is $222,727, with tax bills ranging significantly across the county. 12449 has the highest median home price at $222,727.

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

Source: Ownwell

$94,364

$366,546

$638,727

Median Lake Katrine Market Value

$222,727

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 Katrine, Ulster County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12449	$158,109	$181,818	$222,727	$278,000	$333,164

Source: Ownwell

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

In Lake Katrine, Ulster County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. With a median home price of $222,727, homeowners in this area face a significant tax burden, with tax bills ranging from $5,362 at the 25th percentile to $10,469 at the 90th percentile. The median tax bill in Lake Katrine is notably higher than the national median of $2,400, reflecting the region's higher property tax rates. This can place a considerable financial strain on homeowners. Ownwell can assist homeowners in Lake Katrine by providing property tax appeal services, potentially reducing their tax bills. By analyzing the assessed values and ensuring they are fair and accurate, Ownwell helps homeowners save money, ensuring they do not pay more than their fair share in property taxes.

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

Source: Ownwell

$1,547

$7,282

$13,016

Median Lake Katrine Tax Bill

$6,978

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 Katrine, Ulster County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12449	$4,625	$5,362	$6,978	$8,517	$10,469

Source: Ownwell