Margaretville, Ulster County, New York Property Taxes
Median Margaretville, NY effective property tax rate: 1.64%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Margaretville, NY home value: $96,272
Median annual Margaretville, NY tax bill: $1,576, $824 lower than the national median property tax bill of $2,400.
How are property taxes in Ulster calculated?
Property taxes in Margaretville, 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 Margaretville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Margaretville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Margaretville, Ulster County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.64%
Estimate Property Tax Bill
$1,579
$1,465
Property Tax Rates Across Margaretville, Ulster County, New York
Local government entities determine tax rates, and these can differ significantly within a state. This variation occurs because each county estimates its budgetary needs for services annually and divides that by the total value of all taxable property in its area, leading to the property tax rate. While votes and laws are part of the process, this is essentially how it works each year.
Margaretville in Ulster County, NY, stands out with a property tax rate of 1.64%, which aligns with the highest and lowest rates in the area, reflecting a uniform rate across the region. This rate is notably higher than the national median property tax rate of 1.02%, indicating a greater tax burden for homeowners in this area. Comparing this to the median property tax rates in New York and the U.S., Margaretville's rate is considerably elevated, suggesting that residents face higher property tax bills compared to many other parts of the country. This comparison highlights the importance of understanding local tax rates and how they can impact overall property expenses.
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 Margaretville Tax Rate
1.64%
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 Margaretville, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12455 | 1.58% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Margaretville, Ulster County, New York
When examining property taxes in Margaretville, 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 April. 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 Margaretville. For example, the median home price in Margaretville is $96,272, with tax bills ranging significantly across the county. Zip code 12455 has the highest median home price at $96,272.
Property Tax Assessment Values Across Margaretville, Ulster County, New York
Source: Ownwell
$94,364
$366,546
$638,727
Median Margaretville Market Value
$96,272
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 Margaretville, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12455 | $24,090 | $49,591 | $96,272 | $165,636 | $237,182 |
Source: Ownwell
Property Tax Bills Across Margaretville, Ulster County, New York
Median Margaretville Tax Bill
$1,576
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 Margaretville, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12455 | $394 | $812 | $1,576 | $2,459 | $3,337 |
Source: Ownwell