Hillsdale, New York Property Taxes
The median property tax rate in Hillsdale, NY is 1.47%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Hillsdale at $335,032, the typical annual property tax bill reaches $4,854, exceeding the national median of $2,690. Property taxes in Hillsdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hillsdale's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hillsdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hillsdale, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$4,925
$4,869
Ownwell’s Hillsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hillsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsdale to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hillsdale, New York
Property taxes in Hillsdale, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsdale is 1.47%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hillsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsdale estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hillsdale's effective property tax rate to other areas in New York and the national median. For comparison, the 12529 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these areas compare with Hillsdale provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsdale Tax Rate
1.47%
Average Columbia County Tax Rate
1.71%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsdale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12529 | 1.37% | 1.44% | 1.47% | 1.49% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Hillsdale, New York
In Hillsdale, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Columbia County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hillsdale, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hillsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hillsdale is $335,032, with median tax bills ranging from $3,115 at the 25th percentile to $12,665 at the 90th percentile. The highest and lowest median tax bills are both $4,854 in zip code 12529.
Average Hillsdale Assessed Value
$335,032
Average Columbia County Assessed Value
$284,810
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsdale, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12529 | $155,422 | $216,140 | $335,032 | $554,413 | $892,221 |
Source: Ownwell
Property Tax Bills Across Hillsdale, New York
In Hillsdale, Columbia County, NY, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the local tax assessor and reflects a percentage of your property's market value. This assessed value is then multiplied by the tax rate to calculate your annual property tax bill. Several factors influence the assessed value, including the size, location, and condition of the property. For homeowners in Hillsdale, the median home price is $335,032. Property tax bills can vary significantly; for instance, the 25th percentile tax bill is $3,115, while the 75th percentile tax bill reaches $8,083. At the 90th percentile, homeowners might pay as much as $12,665 annually. These property tax bills can have a substantial impact on homeowners, influencing their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Hillsdale's rates can be considerably higher, reflecting the unique market and valuation factors in this region.
Average Hillsdale Tax Bill
$4,854
Average Columbia County Tax Bill
$4,915
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsdale, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12529 | $2,223 | $3,115 | $4,854 | $8,083 | $12,665 |
Source: Ownwell