Fort Plain, New York Property Taxes
The median property tax rate in Fort Plain, NY, is 3.15%, 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 Fort Plain, the typical annual property tax bill reaches $3,037, exceeding the national median of $2,690. Property taxes in Fort Plain 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 Fort Plain'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 Fort Plain 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
Fort Plain, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.15%
Estimate Property Tax Bill
$3,156
$3,120
Ownwell’s Fort Plain Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Plain with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Plain 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 Fort Plain, New York
Property taxes in Fort Plain, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Plain is 3.15%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Fort Plain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Plain 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 Fort Plain's effective property tax rate to other counties in New York and the national median. For comparison, the 13339 zip code has both the highest and lowest median property tax rate of 3.15%. Understanding how these cities compare with Fort Plain provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Plain Tax Rate
3.15%
Average Fulton County Tax Rate
2.23%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Plain, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13339 | 2.61% | 2.61% | 3.15% | 3.15% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Fort Plain, New York
In Fort Plain, 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 Fulton 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 Fort Plain, 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 Fort Plain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 13339, at $3,037, which also represents the lowest median tax bill in the area.
Average Fort Plain Assessed Value
$100,177
Average Fulton County Assessed Value
$117,346
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Plain, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13339 | $44,098 | $66,810 | $100,177 | $140,492 | $203,540 |
Source: Ownwell
Property Tax Bills Across Fort Plain, New York
Property tax bills in Fort Plain, located in Fulton County, NY, are determined by a combination of the property's assessed value and the local tax rate. The assessed value is based on the market value of the home, which is periodically evaluated by local assessors. Once the market value is determined, it is multiplied by an assessment ratio to arrive at the assessed value. The local tax rate is then applied to this assessed value to calculate the property tax bill. For homeowners in Fort Plain, the median home price is $100,177. Property tax bills can vary widely, with the 25th percentile at $2,071, the 75th percentile at $4,185, and the 90th percentile reaching up to $5,958. This is significantly higher than the national median property tax rate of 0.99%. These taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Homeowners need to be aware of these factors as they can substantially affect annual expenses.
Average Fort Plain Tax Bill
$3,037
Average Fulton County Tax Bill
$2,522
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Plain, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13339 | $1,298 | $2,071 | $3,037 | $4,185 | $5,958 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Fulton Assessment Review Commission | |
| Website | sdg.fultoncountyny.gov |