Woodbourne, Ulster County, New York Property Taxes
The median property tax rate in Woodbourne, NY is 2.79%, 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 Woodbourne at $201,543, the typical annual property tax bill reaches $5,622, exceeding the national median of $2,690. Property taxes in Woodbourne 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 Woodbourne'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 Woodbourne 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
Woodbourne, Ulster County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$5,623
$5,218
Ownwell’s Woodbourne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodbourne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodbourne 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 Woodbourne, Ulster County, New York
Property taxes in Woodbourne, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodbourne is 2.79%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Woodbourne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodbourne 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 Woodbourne's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12788 has the highest median property tax rate of 2.79%, while the same zip code also has the lowest median tax rate of 2.79%. Understanding how these cities compare with Woodbourne 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 Woodbourne Tax Rate
2.79%
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 Woodbourne, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12788 | 2.66% | 2.77% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Woodbourne, Ulster County, New York
In Woodbourne, 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 Woodbourne, 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. For example, the median home price in Woodbourne is $201,543. Homeowners in the 25th percentile face a tax bill of around $4,530, while those in the 75th percentile see a bill close to $6,388. The highest and lowest median tax bills both occur in the zip code 12788, amounting to $5,622. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Woodbourne, Ulster County, New York
Source: Ownwell
$94,364
$366,546
$638,727
Average Woodbourne Assessed Value
$201,543
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 Woodbourne, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12788 | $83,667 | $171,574 | $201,543 | $229,012 | $263,790 |
Source: Ownwell
Property Tax Bills Across Woodbourne, Ulster County, New York
In Woodbourne, NY, property tax bills are calculated based on the assessed value of the home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and condition all contribute to the assessed value. In Ulster County, where Woodbourne is located, the median home price is $201,543. Homeowners in the 25th percentile can expect a tax bill around $4,530, while those in the 75th percentile might see bills closer to $6,388. For the top 10% of homes, tax bills can reach up to $7,359. These figures illustrate that property taxes in Woodbourne can vary significantly, impacting homeowners' financial planning. Compared to the national median property tax rate of 0.99%, Woodbourne's rates are relatively high, reflecting the local government's revenue needs and the services provided to residents.
Average Woodbourne Tax Bill
$5,622
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 Woodbourne, Ulster County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12788 | $2,236 | $4,530 | $5,622 | $6,388 | $7,359 |
Source: Ownwell