Buskirk, New York Property Taxes
The median property tax rate in Buskirk, NY is 2.51%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Buskirk at $193,778, the typical annual property tax bill reaches $4,866, surpassing the national median of $2,690. Property taxes in Buskirk are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Buskirk'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 Buskirk or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buskirk, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.51%
Estimate Property Tax Bill
$4,864
$4,809
Ownwell’s Buskirk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buskirk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buskirk 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 Buskirk, New York
Property taxes in Buskirk, New York, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Buskirk is 2.51%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Buskirk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buskirk 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 Buskirk's effective property tax rate to other counties in New York and the national median. For comparison, the ZIP code 12028 has the highest median property tax rate of 2.51%, while the same ZIP code also has the lowest median tax rate of 2.51%. Understanding how these cities compare with Buskirk provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buskirk Tax Rate
2.51%
Average Washington County Tax Rate
2.41%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buskirk, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12028 | 2.18% | 2.43% | 2.51% | 2.51% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Buskirk, New York
In Buskirk, 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 Washington 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 Buskirk, 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 Buskirk is $193,778, with the 25th percentile tax bill at $3,205 and the 75th percentile at $6,372. The highest and lowest median tax bills both stand at $4,866, found in zip code 12028. By understanding 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 Buskirk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Buskirk Assessed Value
$193,778
Average Washington County Assessed Value
$158,585
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buskirk, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12028 | $72,200 | $132,444 | $193,778 | $261,333 | $362,023 |
Source: Ownwell
Property Tax Bills Across Buskirk, New York
In Buskirk, Washington County, NY, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by local assessors who evaluate the property's worth, considering factors such as location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $193,778, homeowners can expect varying tax bills. The 25th percentile tax bill is approximately $3,205, while the 75th percentile reaches around $6,372. At the 90th percentile, tax bills can soar to about $8,390. These figures highlight the significant impact of property taxes on homeowners' finances. Comparatively, the national median property tax rate is 0.99%, which underscores the relatively high property tax burden in Buskirk. Homeowners must budget accordingly to manage these expenses, which play a crucial role in funding local services such as schools, infrastructure, and public safety.
Average Buskirk Tax Bill
$4,866
Average Washington County Tax Bill
$3,943
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Buskirk, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12028 | $1,809 | $3,205 | $4,866 | $6,372 | $8,390 |
Source: Ownwell