Otisville, Sullivan County, New York Property Taxes
Median Otisville, NY effective property tax rate: 2.48%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Otisville, NY home value: $430,150
Median annual Otisville, NY tax bill: $10,996, $8,596 higher than the national median property tax bill of $2,400.
How are property taxes in Sullivan calculated?
Property taxes in Otisville, 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 Otisville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Otisville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Otisville, Sullivan County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.48%
Estimate Property Tax Bill
$10,668
$9,899
Property Tax Rates Across Otisville, Sullivan County, New York
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in essence.
In Otisville, located in Sullivan County, NY, the effective property tax rate is 2.48%, which is notably higher than the national median of 1.02%. This higher rate reflects the county's budgetary needs and the value of taxable properties. When compared to other cities in New York, Otisville's tax rate stands out, as it matches both the highest and lowest median tax rates in the area. Despite this, residents should be aware that these rates are subject to change based on annual budgetary assessments and property valuations. Understanding these dynamics can help property owners anticipate potential changes in their 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 Otisville Tax Rate
2.48%
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 Otisville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10963 | 2.34% | 2.45% | 2.48% | 2.48% | 4.04% |
Source: Ownwell
Property Tax Assessment Values Across Otisville, Sullivan County, New York
When examining property taxes in Otisville, 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 Otisville. For example, the median home price in Otisville is $430,150, with tax bills ranging significantly across the county. Zip code 10963 has the highest median home price at $430,150.
Property Tax Assessment Values Across Otisville, Sullivan County, New York
Source: Ownwell
$133,333
$281,742
$430,150
Median Otisville Market Value
$430,150
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 Otisville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10963 | $313,650 | $368,325 | $430,150 | $498,725 | $574,310 |
Source: Ownwell
Property Tax Bills Across Otisville, Sullivan County, New York
In Otisville, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects a percentage of the property's market value. Homeowners in Otisville face property tax bills that vary significantly, with the 25th percentile at $9,840 and the 75th percentile reaching $13,142. These figures are considerably higher than the national median property tax bill of $2,400. The tax bill is influenced by factors such as local government budgets, school funding needs, and public services. High property taxes can be a significant financial burden for homeowners, impacting their overall cost of living.
Ownwell assists homeowners in Otisville by offering property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax bills. This service can lead to substantial savings, alleviating the financial pressure of high property taxes and ensuring that homeowners are not overpaying.
Median Otisville Tax Bill
$10,996
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 Otisville, Sullivan County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10963 | $8,387 | $9,840 | $10,996 | $13,142 | $15,751 |
Source: Ownwell