Pine Hill, Ulster County, New York Property Taxes
The median property tax rate in Pine Hill, NY is 1.82%, 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 Pine Hill, the typical annual property tax bill reaches $3,243, exceeding the national median of $2,690. Property taxes in Pine Hill 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 Pine Hill'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 Pine Hill 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
Pine Hill, Ulster County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$3,296
$3,058
Ownwell’s Pine Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Hill 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 Pine Hill, Ulster County, New York
Property taxes in Pine Hill, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Hill is 1.82%, higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Pine Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Hill 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 Pine Hill's effective property tax rate to other counties in New York and the national median. For comparison, the 12465 zip code has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with Pine Hill 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 Pine Hill Tax Rate
1.82%
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 Pine Hill, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12465 | 1.70% | 1.74% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across Pine Hill, Ulster County, New York
In Pine Hill, 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 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 Pine Hill, 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. Being aware of these valuation processes in Pine Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12465 has both the highest and lowest median tax bill of $3,243.
Property Tax Assessment Values Across Pine Hill, Ulster County, New York
Source: Ownwell
$94,364
$366,546
$638,727
Average Pine Hill Assessed Value
$181,081
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 Pine Hill, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12465 | $83,784 | $123,514 | $181,081 | $260,000 | $380,541 |
Source: Ownwell
Property Tax Bills Across Pine Hill, Ulster County, New York
In Pine Hill, 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. Homeowners in Pine Hill, located in Ulster County, experience property tax rates that can vary significantly depending on the assessed value of their property. For instance, homes in the 25th percentile typically face tax bills around $2,226, while those in the 75th percentile see bills closer to $4,648. High-valued properties, such as those in the 90th percentile, can have tax bills as steep as $6,925. Comparatively, the national median property tax rate is 0.99%, making Pine Hill's property taxes relatively higher. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. However, they can also significantly impact homeowners' finances, making it essential for property owners to understand how their tax bills are calculated and to seek potential exemptions or appeals if necessary.
Average Pine Hill Tax Bill
$3,243
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 Pine Hill, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12465 | $1,511 | $2,226 | $3,243 | $4,648 | $6,925 |
Source: Ownwell