Estimated tax rates for 2024-25
Tax Rate by Town
| Town | 2023-24 Tax Rate per $1,000 | 2023-24 Taxes by Town | 2024-25 Estimated Tax Rate per $1,000 | 2024-25 Estimated Taxes by Town | Change |
|---|---|---|---|---|---|
| Bethel | 39.85 | $2,262,451.84 | |||
| Fallsburg | 43.20 | $493,493.18 | |||
| Liberty | 31.73 | $14,647,345.62 | |||
| Neversink | 580.13 | $126,087.20 | |||
| Rockland | 36.51 | $123,210.01 | |||
| Thompson | 34.77 | $94,468.38 |
The final tax rates for 2024-25 will be determined in the summer when final assessments and equalization rates become available, therefore, these are estimated tax rates (per $1,000 of assessed value) based on 2023-24 data.
Why can tax rates vary dramatically by town?
This is a factor of New York state equalization rates. An equalization rate is the state’s measure of a municipality’s level of assessment: the ratio of total assessed value, determined by the municipality, to the municipality’s total market value, estimated by the state.
There are three reasons for the need for the equalization rate:
- There is no fixed percentage at which property must be assessed.
Not all municipalities assess property at the same percentage of market value. - Taxing jurisdictions, such as most school districts, do not share the same taxing boundaries as the cities and towns that are responsible for assessing properties.
- The Real Property Tax Law requires that state equalization rates be established annually for each county, city, town and village.