Grahamsville, Sullivan County, New York Property Taxes
Median Grahamsville, NY effective property tax rate: 2.07%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Grahamsville, NY home value: $164,583
Median annual Grahamsville, NY tax bill: $3,295, $895 higher than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Grahamsville, 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 Grahamsville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grahamsville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grahamsville, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.07%
Estimate Property Tax Bill
$3,407
$3,161
Property Tax Rates Across Grahamsville, Sullivan County, New York
Local government entities set property tax rates, which can vary significantly within a state. Each county annually estimates its necessary budget for public services and divides it by the total assessed value of all taxable properties, resulting in the property tax rate. This process, influenced by votes and laws, is repeated every year.
In Grahamsville, located in Sullivan County, the effective property tax rate stands out compared to other cities in New York. The median property tax rate in Grahamsville is 2.07%, which is notably higher than the national median of 1.02%. This places Grahamsville among the areas with the highest property tax rates in the country.
The higher tax rate reflects the county's budgetary needs and the total assessed property values. While property tax rates are a crucial factor for homeowners, they also ensure the provision of essential services. Comparing Grahamsville's tax rate with the national average highlights the regional variations in property taxation, emphasizing the importance of understanding local tax obligations.
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 Grahamsville Tax Rate
2.07%
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 Sullivan County Tax Rate
2.05%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Grahamsville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12740 | 1.88% | 2.07% | 2.07% | 2.08% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Grahamsville, Sullivan County, New York
When examining property taxes in Grahamsville, 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 Sullivan 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 Sullivan County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Grahamsville. For example, the median home price in Grahamsville is $164,583, with tax bills ranging significantly across the county. Zip code 12740 has the highest median home price at $164,583.
Property Tax Assessment Values Across Grahamsville, Sullivan County, New York
Source: Ownwell
$133,333
$281,742
$430,150
Median Grahamsville Market Value
$164,583
Median Sullivan County Market Value
$226,500
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grahamsville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12740 | $80,000 | $125,000 | $164,583 | $200,000 | $250,000 |
Source: Ownwell
Property Tax Bills Across Grahamsville, Sullivan County, New York
Median Grahamsville Tax Bill
$3,295
Median Sullivan County Tax Bill
$4,834
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Grahamsville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12740 | $1,556 | $2,593 | $3,295 | $4,160 | $5,195 |
Source: Ownwell