Freehold, Greene County, New York Property Taxes
Property Taxes in Freehold, New York
Median Freehold, New York 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 Freehold, New York home value: $285,106
Median annual Freehold, New York tax bill: $5,181, $2,781 higher than the national median property tax bill of $2,400.
How are property taxes in Greene calculated?
Property taxes in Freehold, New York 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 Freehold's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Freehold, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Freehold, Greene 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
$5,902
$5,477
How Does the Freehold Property Tax Calculator Work?
Use this Freehold property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Freehold's median effective tax rate of 2.07% — based on actual property records in Greene County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Freehold's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Freehold: rates range from $5,181 in 12431 to $5,181 in 12431, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Freehold.
About Freehold Property Taxes
About Property Taxes in Freehold, Greene, New York
Freehold’s median effective property tax rate of 2.07% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Greene County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Freehold. Homeowners in ZIP code 12431 carry a median effective rate of 2.07%, while those in 12431 pay 2.07%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Greene County. Understanding which part of Freehold you live in can make a meaningful difference to your annual tax bill.
Freehold homeowners who believe their assessed value is too high can file a formal appeal with the Assessment Review Commission before May 26, 2026.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Freehold, Greene County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Freehold's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Freehold 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 Greene County Tax Rate
1.58%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Freehold, Greene County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12431 | 1.54% | 1.58% | 2.07% | 2.21% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Freehold, Greene County, New York
When examining property taxes in Freehold, New York, 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 Greene County assessment office 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Freehold is $285,106, with a median property tax bill of $5,181. That is well above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Freehold, Greene County, New York
Source: Ownwell
$211,951
$317,877
$423,802
Median Freehold Market Value
$285,106
Median Greene County Market Value
$275,326
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Freehold, Greene County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12431 | $153,192 | $200,000 | $285,106 | $374,128 | $477,004 |
Source: Ownwell
Property Tax Bills Across Freehold, Greene County, New York
Property tax bills in Freehold are based on the assessed value of a home and the local tax rate set by taxing authorities. For homeowners in Greene County, the bill is calculated by applying that rate to the property’s assessed market value, which means changes in home value can directly affect what is owed each year.
With a median home price of $285,106, property taxes can be a significant part of homeownership costs. The typical tax bill in the area is $5,181, and bills can vary widely depending on the home’s assessment and the local levy. For many homeowners, this means paying more when assessed values rise, even if their income does not.
Property taxes help fund local services, so higher bills often reflect both home value and the needs of the community. For homeowners, understanding how the bill is determined is important because it can reveal whether the assessed value is accurate and whether the tax burden is higher than expected.
Median Freehold Tax Bill
$5,181
Median Greene County Tax Bill
$4,248
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Freehold, Greene County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12431 | $2,589 | $3,865 | $5,181 | $6,973 | $9,124 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Greene Assessment Review Commission | |
| Website | greenecounty.prosgar.com |