West Camp, New York Property Taxes
The median property tax rate in West Camp, NY is 2.55%, 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 West Camp at $238,000, the typical annual property tax bill reaches $6,074, far exceeding the national median of $2,690. Property taxes in West Camp 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 West Camp'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 West Camp 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
West Camp, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.55%
Estimate Property Tax Bill
$6,069
$5,632
Ownwell’s WEST CAMP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST CAMP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST CAMP 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 West Camp, New York
Property taxes in West Camp, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Camp is 2.55%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within West Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Camp 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 West Camp's effective property tax rate to other counties in New York and the national median. For comparison, the 12490 zip code has the highest median property tax rate of 2.55%, while the same zip code also has the lowest median tax rate of 2.55%. Understanding how these cities compare with West Camp 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 West Camp Tax Rate
2.55%
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 West Camp, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12490 | 2.45% | 2.55% | 2.55% | 2.55% | 2.55% |
Source: Ownwell
Property Tax Assessment Values Across West Camp, New York
In West Camp, 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 West Camp, 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. For instance, the median home price in West Camp is $238,000, with tax bills ranging from $5,009 at the 25th percentile to $16,236 at the 90th percentile. The highest and lowest median tax bills, both at $6,074, are found in zip code 12490. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average West Camp Assessed Value
$238,000
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 West Camp, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12490 | $164,450 | $208,750 | $238,000 | $477,625 | $669,650 |
Source: Ownwell
Property Tax Bills Across West Camp, New York
In West Camp, located in Ulster County, NY, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is based on the market value of the home, which in this area has a median price of $238,000. This value is then multiplied by the local property tax rate to calculate the annual tax bill. Homeowners in West Camp experience a range of property tax bills, with the 25th percentile paying around $5,009 and the 75th percentile paying up to $11,436. At the higher end, the 90th percentile sees tax bills reaching $16,236. Comparatively, these figures are significantly above the national median property tax rate of 0.99%, reflecting the higher property values and tax rates in the region. These property taxes fund essential local services such as schools, public safety, and infrastructure maintenance, directly impacting the quality of life for homeowners in West Camp.
Average West Camp Tax Bill
$6,074
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 West Camp, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12490 | $3,532 | $5,009 | $6,074 | $11,436 | $16,236 |
Source: Ownwell