Sundown, New York Property Taxes
The median property tax rate in Sundown, NY is 2.37%, 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 Sundown, the typical annual property tax bill reaches $2,473, slightly below the national median of $2,690. Property taxes in Sundown 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 Sundown'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 Sundown or another part of Ulster County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sundown, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$2,477
$2,449
Ownwell’s Sundown Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers who want to estimate their annual property taxes in Sundown. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Sundown to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. The assessed value of your property is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Sundown, New York
Property taxes in Sundown, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sundown is 2.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sundown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sundown 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 Sundown's effective property tax rate to other areas in Ulster County and the national median. For comparison, the ZIP code 12740 has the highest median property tax rate of 2.37%, while the same ZIP code also has the lowest median tax rate of 2.37%. Understanding how these areas compare with Sundown 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 Sundown Tax Rate
2.37%
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 Sundown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12740 | 2.36% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Sundown, New York
In Sundown, 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 Sundown, 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 Sundown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2473 in the zip code 12740.
Average Sundown Assessed Value
$104,530
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 Sundown, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12740 | $34,871 | $69,128 | $104,530 | $173,606 | $250,174 |
Source: Ownwell
Property Tax Bills Across Sundown, New York
In Sundown, located in Ulster County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects the market value of the property. For example, with a median home price of $104,530, the assessed value is crucial in determining the tax bill. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Sundown can expect their tax bills to vary widely. At the 25th percentile, tax bills are around $1,629, while at the 75th percentile, they can reach $4,051. For those at the 90th percentile, the tax bill can soar to $6,034. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations and budget accordingly.
Average Sundown Tax Bill
$2,473
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 Sundown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12740 | $792 | $1,629 | $2,473 | $4,051 | $6,034 |
Source: Ownwell