Port Ewen, New York Property Taxes
The median property tax rate in Port Ewen, NY is 2.89%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $263,857 in Port Ewen, the typical annual property tax bill reaches $7,187, far exceeding the national median of $2,690. Property taxes in Port Ewen 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 Port Ewen'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 Port Ewen 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
Port Ewen, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$7,625
$7,539
Ownwell’s Port Ewen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Ewen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Ewen 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 Port Ewen, New York
Property taxes in Port Ewen, New York, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Ewen is 2.89%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Port Ewen set these rates annually, and they can vary considerably across different neighborhoods. Each year, Port Ewen 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 Port Ewen's effective property tax rate to other counties in New York and the national median. For comparison, the 12466 zip code has the highest median property tax rate of 2.89%, while the same zip code also has the lowest median tax rate of 2.89%. Understanding how these cities compare with Port Ewen 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 Port Ewen Tax Rate
2.89%
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 Port Ewen, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12466 | 2.36% | 2.81% | 2.89% | 2.89% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Port Ewen, New York
In Port Ewen, 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 Port Ewen, 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 Port Ewen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area both amount to $7,187, specifically in the 12466 zip code.
Average Port Ewen Assessed Value
$263,857
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 Port Ewen, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12466 | $183,571 | $214,286 | $263,857 | $311,962 | $359,514 |
Source: Ownwell
Property Tax Bills Across Port Ewen, New York
In Port Ewen, located in Ulster County, NY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by local assessors. Several factors influence the assessed value, including the property's location, size, age, and condition. Homeowners in Port Ewen experience property tax bills that vary significantly. For instance, the median home price in the area is $263,857, and tax bills can range from $5,993 at the 25th percentile to $9,910 at the 90th percentile. The highest and lowest median tax bills both stand at $7,187, indicating a relatively consistent tax burden across different properties. Compared to the national median property tax rate of 0.99%, Port Ewen's rates are higher, which can impact homeowners by increasing their annual expenses. Understanding these factors helps homeowners anticipate their financial obligations better and consider potential savings through exemptions or appeals.
Average Port Ewen Tax Bill
$7,187
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 Port Ewen, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12466 | $5,029 | $5,993 | $7,187 | $8,164 | $9,910 |
Source: Ownwell