Georgetown, Chenango County, New York Property Taxes

Name: Property Tax Bills Across Georgetown, Chenango County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Georgetown, NY effective property tax rate: 2.91%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Georgetown, NY home value: $58,936
Median annual Georgetown, NY tax bill: $1,715, $685 lower than the national median property tax bill of $2,400.

How are property taxes in Chenango calculated?

Property taxes in Georgetown, NY 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 Georgetown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Georgetown, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Georgetown, Chenango County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.91%

Estimate Property Tax Bill

$1,715

$1,592

Ownwell’s Georgetown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Georgetown with just two data points. By entering your property's estimated assessed value, our calculator applies Georgetown’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Chenango County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Georgetown, Chenango County, New York

Local government entities in New York set property tax rates, which can vary significantly across the state. This variation occurs because each county annually estimates its budgetary requirements to fund services and divides that by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual process.

In Georgetown, located in Chenango County, the effective property tax rate is notably higher than the national median rate of 1.02%. This difference underscores the variation in tax rates across different regions within the state. Comparatively, New York's median property tax rate is among the highest in the nation, reflecting the diverse economic landscape and budgetary needs of its local governments.

For homeowners in Georgetown, understanding these rates is crucial as they directly impact annual property tax bills, which can be significantly higher than the national median of $2,400. By staying informed about local property tax trends, residents can better navigate their financial obligations and explore potential avenues for tax appeals or exemptions.

Property Tax Rates Across Georgetown, Chenango County, New York

Source: Ownwell

2.68%

3.07%

3.45%

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 Georgetown Tax Rate

2.91%

Median Effective Chenango County Tax Rate

3.08%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Georgetown, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13072	2.91%	2.91%	2.91%	2.91%	2.91%

Source: Ownwell

Property Tax Assessment Values Across Georgetown, Chenango County, New York

When examining property taxes in Georgetown, NY, 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 Chenango County appraisal district 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: In Chenango County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Georgetown. For example, the median home price in Georgetown is $58,936, with tax bills ranging significantly across the county. 13072 has the highest median home price at $58,936.

Property Tax Assessment Values Across Georgetown, Chenango County, New York

Source: Ownwell

$56,790

$92,270

$127,750

Median Georgetown Market Value

$58,936

Median Chenango County Market Value

$92,500

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Georgetown, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13072	$23,300	$41,118	$58,936	$84,978	$113,721

Source: Ownwell

Property Tax Bills Across Georgetown, Chenango County, New York

In Georgetown, Chenango County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Georgetown, the median home price is $58,936, with property tax bills ranging from the 25th percentile at $1,196 to the 90th percentile at $3,318. The median property tax bill in Georgetown is $1,715, which is below the national median of $2,400. Factors influencing the tax bill include property size, location, and improvements. Homeowners in Georgetown may find their tax bills burdensome, especially if their property is assessed higher than similar homes in the area. Ownwell can assist homeowners by reviewing their property assessments and identifying errors or discrepancies that could lead to reduced tax bills. By filing appeals and seeking exemptions, Ownwell helps homeowners potentially save money, ensuring they only pay their fair share in property taxes.

Property Tax Bills Across Georgetown, Chenango County, New York

Source: Ownwell

$1,671

$2,788

$3,904

Median Georgetown Tax Bill

$1,715

Median Chenango County Tax Bill

$2,965

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Georgetown, Chenango County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13072	$678	$1,196	$1,715	$2,512	$3,318

Source: Ownwell