Silver Bay, Warren County, New York Property Taxes

Name: Property Tax Bills Across Silver Bay, Warren County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Silver Bay, NY effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Silver Bay, NY home value: $570,750
Median annual Silver Bay, NY tax bill: $7,589, $5,189 higher than the national median property tax bill of $2,400.

How are property taxes in Warren calculated?

Property taxes in Silver Bay, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Silver Bay’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Silver Bay, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Silver Bay, Warren County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$7,591

$7,044

Ownwell’s Silver Bay Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Silver Bay with just two data points.

By entering your property's estimated assessed value, our calculator applies Silver Bay’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Warren County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Silver Bay, Warren County, New York

Local government entities are responsible for setting property tax rates, which can vary significantly even within the same state. Each year, counties estimate the budget required to provide essential services and divide this amount by the total assessed value of all taxable properties in their jurisdiction. This calculation establishes the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is the process in its simplest form.

In Silver Bay, located in Warren County, New York, the effective property tax rate is comparable to other cities within the state, standing at 1.33%. This rate is notably higher than the national median property tax rate of 1.02%. Consequently, property owners in Silver Bay may find themselves paying more in property taxes compared to the national average. Understanding these rates is crucial for homeowners, as it directly impacts their financial planning. By offering property tax appeal and exemption services, homeowners can potentially reduce their tax burden, ensuring they are not overpaying compared to others in their area.

Property Tax Rates Across Silver Bay, Warren County, New York

Source: Ownwell

0.82%

1.82%

2.83%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Silver Bay Tax Rate

1.33%

Median Effective Warren County Tax Rate

1.79%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Silver Bay, Warren County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12874	1.33%	1.33%	1.33%	1.33%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Silver Bay, Warren County, New York

When examining property taxes in Silver Bay, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Warren County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Warren County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Silver Bay.

For example, the median home price in Silver Bay is $570,750, with tax bills ranging significantly across the county. 12874 has the highest median home price at $570,750.

Property Tax Assessment Values Across Silver Bay, Warren County, New York

Source: Ownwell

$118,200

$555,400

$992,600

Median Silver Bay Market Value

$570,750

Median Warren County Market Value

$215,800

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Silver Bay, Warren County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12874	$179,380	$264,100	$570,750	$1,031,950	$1,480,480

Source: Ownwell

Property Tax Bills Across Silver Bay, Warren County, New York

In Silver Bay, New York, property tax bills are determined by assessing the property's market value and applying the local tax rate. With a median home price of $570,750, homeowners face varying tax bills depending on their property's assessed value and the county's tax rate. In Warren County, where Silver Bay is located, the median property tax bill is significantly higher than the national median of $2,400, with bills ranging from $3,666 at the 25th percentile to $19,659 at the 90th percentile. Factors such as location, property size, and improvements can influence the assessed value, thereby affecting the tax bill. High property taxes can be a burden for homeowners, impacting their financial stability and long-term investment returns. Ownwell offers a solution by providing expert property tax appeal and exemption services. By leveraging local market knowledge and tax regulations, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only their fair share. This can lead to substantial savings, easing the financial burden on homeowners.

Property Tax Bills Across Silver Bay, Warren County, New York

Source: Ownwell

$1,869

$6,425

$10,980

Median Silver Bay Tax Bill

$7,589

Median Warren County Tax Bill

$4,027

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Silver Bay, Warren County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12874	$2,358	$3,666	$7,589	$13,190	$19,659

Source: Ownwell

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Dates

Links
Warren Assessment Review Commission
Website	imo.warrencountyny.gov