Stone Ridge, New York Property Taxes
The median property tax rate in Stone Ridge, NY is 1.83%, 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 Stone Ridge at $385,000, the typical annual property tax bill reaches $6,945, exceeding the national median of $2,690. Property taxes in Stone Ridge 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 Stone Ridge'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 Stone Ridge 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
Stone Ridge, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$7,046
$6,966
Ownwell’s Stone Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stone Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stone Ridge 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 Stone Ridge, New York
Property taxes in Stone Ridge, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stone Ridge is 1.83%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Stone Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stone Ridge 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 Stone Ridge's effective property tax rate to other counties in New York and the national median. For comparison, the 12484 zip code has the highest median property tax rate of 1.83%, while the same zip code also has the lowest median tax rate of 1.83%. Understanding how these cities compare with Stone Ridge 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 Stone Ridge Tax Rate
1.83%
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 Stone Ridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12484 | 1.75% | 1.80% | 1.83% | 1.89% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Stone Ridge, New York
In Stone Ridge, 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 Assessment Office 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 Stone Ridge, 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 Stone Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 12484, with a tax bill of $6,945.00, while the lowest median tax bill is also in zip code 12484, with the same amount.
Average Stone Ridge Assessed Value
$385,000
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 Stone Ridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12484 | $210,000 | $298,571 | $385,000 | $546,857 | $763,429 |
Source: Ownwell
Property Tax Bills Across Stone Ridge, New York
In Stone Ridge, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Stone Ridge, the median home price is $385,000. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or abatements. For example, tax bills in the 25th percentile are around $5,336, while those in the 75th percentile reach approximately $9,753. In the 90th percentile, homeowners can expect to pay up to $13,932 annually. Compared to the national median property tax rate of 0.99%, homeowners in Stone Ridge experience higher rates, which can significantly impact their financial planning and overall cost of living. Understanding these factors can help homeowners budget more effectively and consider potential savings through available exemptions.
Average Stone Ridge Tax Bill
$6,945
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 Stone Ridge, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12484 | $3,454 | $5,336 | $6,945 | $9,753 | $13,932 |
Source: Ownwell