Livingston Manor, New York Property Taxes
The median property tax rate in Livingston Manor, NY is 2.35%, 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 Livingston Manor at $638,727, the typical annual property tax bill reaches $13,016, exceeding the national median of $2,690. Property taxes in Livingston Manor 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 Livingston Manor'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 Livingston Manor 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
Livingston Manor, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$15,010
$14,841
Ownwell’s Livingston Manor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Livingston Manor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Livingston Manor 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 Livingston Manor, New York
Property taxes in Livingston Manor, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Livingston Manor is 2.35%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Livingston Manor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Livingston Manor 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 Livingston Manor's effective property tax rate to other counties in New York and the national median. For comparison, the 12758 zip code has both the highest and lowest median property tax rate of 2.35%. Understanding how these cities compare with Livingston Manor 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 Livingston Manor Tax Rate
2.35%
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 Livingston Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12758 | 2.31% | 2.35% | 2.35% | 2.35% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Livingston Manor, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Livingston Manor, 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 Livingston Manor, 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. For instance, the median home price in Livingston Manor is $638,727, with tax bills ranging from $5,122 at the 25th percentile to $32,820 at the 90th percentile. The zip code 12758 has both the highest and lowest median tax bill, standing at $13,016. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Livingston Manor, New York
Source: Ownwell
$11,940
$325,334
$638,727
Average Livingston Manor Assessed Value
$638,727
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 Livingston Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12758 | $117,163 | $213,273 | $638,727 | $1,015,036 | $1,433,236 |
Source: Ownwell
Property Tax Bills Across Livingston Manor, New York
In Livingston Manor, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $638,727, the property tax can vary significantly. Homeowners in the 25th percentile pay around $5,122 annually, while those in the 75th percentile see bills closer to $22,337, and the 90th percentile can reach up to $32,820. These tax bills are influenced by factors such as property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, Livingston Manor's property tax rates can be quite high, reflecting the area's higher property values. This can significantly impact homeowners, making it essential to understand and manage property taxes effectively to avoid unexpected financial burdens.
Average Livingston Manor Tax Bill
$13,016
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 Livingston Manor, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12758 | $2,637 | $5,122 | $13,016 | $22,337 | $32,820 |
Source: Ownwell