Plattekill, New York Property Taxes
The median property tax rate in Plattekill, NY is 2.51%, 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 Plattekill, the typical annual property tax bill reaches $299, which is significantly lower than the national median of $2,690. Property taxes in Plattekill 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 Plattekill'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 Plattekill 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
Plattekill, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.51%
Estimate Property Tax Bill
$300
$296
Ownwell’s Plattekill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plattekill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plattekill 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 Plattekill, New York
Property taxes in Plattekill, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plattekill is 2.51%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Plattekill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plattekill 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 Plattekill's effective property tax rate to other counties in New York and the national median. For comparison, the 12568 zip code has the highest median property tax rate of 2.51%, while the same zip code has the lowest median tax rate of 2.51%. Understanding how these cities compare with Plattekill 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 Plattekill Tax Rate
2.51%
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 Plattekill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12568 | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Plattekill, New York
In Plattekill, 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 Plattekill, 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 Plattekill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Plattekill both stand at $299, with the zip code 12568 reflecting this value.
Average Plattekill Assessed Value
$11,940
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 Plattekill, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12568 | $11,940 | $11,940 | $11,940 | $11,940 | $11,940 |
Source: Ownwell
Property Tax Bills Across Plattekill, New York
In Plattekill, Ulster County, NY, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor. The tax rate is then applied to this assessed value to determine the annual property tax bill. For instance, the median home price in Plattekill is $11,940, and the corresponding tax bill is typically around $299. This figure is consistent across different percentiles, with the 25th, 75th, and 90th percentiles all showing the same tax bill amount of $299. The uniformity in tax bills suggests a stable and predictable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Plattekill’s rate appears to be significantly lower, potentially offering a more affordable option for property owners. This lower tax burden can make homeownership more accessible and financially manageable, positively impacting the overall cost of living. Homeowners in Plattekill benefit from this consistency, allowing for better financial planning and stability.
Average Plattekill Tax Bill
$299
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 Plattekill, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12568 | $299 | $299 | $299 | $299 | $299 |
Source: Ownwell