Fort Hunter, New York Property Taxes
The median property tax rate in Fort Hunter, NY is 2.55%, 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 Hunter at $122,043, the typical annual property tax bill reaches $2,759, exceeding the national median of $2,690. Property taxes in Fort Hunter 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 Hunter'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 Hunter 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 Hunter, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.55%
Estimate Property Tax Bill
$3,112
$3,077
Ownwell’s Fort Hunter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Hunter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Hunter 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 Hunter, New York
Property taxes in Fort Hunter, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Hunter is 2.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fort Hunter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Hunter 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 Hunter's effective property tax rate to other counties in New York and the national median. For comparison, the 12069 zip code has both the highest and lowest median property tax rate of 2.55%. Understanding how these cities compare with Fort Hunter provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Hunter Tax Rate
2.55%
Average Montgomery County Tax Rate
2.37%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Hunter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12069 | 1.81% | 2.18% | 2.55% | 2.60% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across Fort Hunter, New York
In Fort Hunter, 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 Montgomery 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 Hunter, 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 Hunter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Fort Hunter, the median home price is $122,043, with the highest median tax bill being $2,759 in the 12069 zip code.
Average Fort Hunter Assessed Value
$122,043
Average Montgomery County Assessed Value
$107,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Hunter, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12069 | $61,936 | $96,774 | $122,043 | $145,161 | $161,290 |
Source: Ownwell
Property Tax Bills Across Fort Hunter, New York
In Fort Hunter, Montgomery County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. Homeowners in Fort Hunter can expect their property tax bills to vary significantly, with the 25th percentile at approximately $2,060 and the 75th percentile reaching up to $3,459. The top 10% of tax bills can be as high as $3,863. The median home price in Fort Hunter is $122,043, and the property tax rate in this area is notably higher than the national median property tax rate of 0.99%. These factors together influence the overall tax burden on homeowners. The highest and lowest median tax bills in the county are both recorded at $2,759 in the zip code 12069, indicating some uniformity in tax assessments within that specific area.
Average Fort Hunter Tax Bill
$2,759
Average Montgomery County Tax Bill
$2,451
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Hunter, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12069 | $1,122 | $2,060 | $2,759 | $3,459 | $3,863 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Montgomery Assessment Review Commission | |
| Website | www.co.montgomery.ny.us |