Buying a house in Dutchess County NY - Tell me about the taxes - Part 4

By
Real Estate Broker/Owner with JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 10491201242

 Buying a house in Dutchess County NY - Tell me about the taxes - Part 4

One question I often hear from someone looking to buy a house in Dutchess County is; How are the taxes?

Many of those asking are coming from counties to the south with much higher tax rates, and sometimes their reason for relocation is to find tax relief.  Even for those already living in Dutchess County the question will come up because the tax rates vary from town to town.Dutchess County Taxes

 

For starters, here are some of the taxes you will encounter:

  • School taxes
  • Village taxes
  • City Taxes
  • Town/County taxes

The Dutchess County department of Real Property Tax does provide some useful resources such as:

Tax rates for each town city or village

A tax estimator - This will help you estimate how much taxes you will pay. All you have to do is supply location and price of property.

Another good source for tax information is the Assessor's office,and you can find one in each municipality.

Most of the taxes paid will be school taxes, and this has much to do with the size of the school budget. New York State does provide some school tax relief in the form of the STAR program.  If you purchase a primary resident you can apply for this.  In most town each year the deadline for the STAR application is March 1st.   Seniors can apply for the enhanced STAR which will provide even more deduction.

Tax relief is also possibe if:

  •  You are a Veteran
  • You have Some Disabilities
  • You are a Volunteer Fireman
  • And more

The key is to check with the Assessor's office; since rules varies from town to town.

Another tax you might encounter is the two percent transfer tax this is assessed on real estate sales which is more than the median sale in the county.  The median priced is derived from the previous year sales data.

This information should give you a sense of what to expect and where to find tax resources in Dutchess County

 

 Buying a house in Dutchess County NY - Do you need Privacy?  Part 3

Buying a house in Dutchess County NY - Where will you work?  Part 2

Buying a house in Dutchess County - What you should know -Part 1

__________________________________________________________________________________________________ 

JFIVE HOMES REALTY LLC - 845-758-6842- jennifer@jfivehomes.com  and www.jfivehomes.com  

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 Copyright © by Jennifer Fivelsdal, all rights reserved-Buying a house in Dutchess County NY - Tell me about the taxes - Part 4      

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 **** Informational only; deemed reliable but is not guaranteed.

 

            

    

 

 

 

 

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Rainmaker
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Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Jennifer, Our taxes sound very similar although we don't have the Village tax but we have the MUD (manciple utility district) that I'm sure makes up for it. I'm not sure what your 2% transfer tax is?

Aug 21, 2009 03:28 PM #1
Rainmaker
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Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

Good job on the series for buyers.  Taxes are always a question on every buyer's mind.  Have a good weekend!

Aug 21, 2009 04:23 PM #2
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

Jennifer, well put! People really need to know these things before they make that offer!

Aug 21, 2009 04:23 PM #3
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Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Marchel - The money from the 2 % tax goes towards preservation.  This is not a county wide tax.

Georgina - It is certain a question on the minds of many consumers; this post should point them in the right direct.

Andrea - I agree this should be known upfront.

 

Aug 21, 2009 10:50 PM #4
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George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Jennifer we have a wide variation in taxes, even here in Middelsex County.  Depending on the town the taxes could be three times higher in one then in the other.

Aug 22, 2009 09:14 AM #5
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