Hudson, New York Property Taxes
The median property tax rate in Hudson, NY is 1.69%, 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 Hudson, the typical annual property tax bill reaches $4,325, exceeding the national median of $2,690. Property taxes in Hudson 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 Hudson'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 Hudson 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
Hudson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$4,187
$3,886
Ownwell’s Hudson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those keen on exploring trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Columbia County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hudson, New York
Property taxes in Hudson, 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 Hudson is 1.69%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other areas in New York and the national median. For comparison, the 12534 ZIP code has the highest median property tax rate of 1.69%, while the same ZIP code also has the lowest median tax rate of 1.69%. Understanding how these figures compare with Hudson 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 Hudson Tax Rate
1.69%
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 Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12534 | 1.40% | 1.48% | 1.69% | 2.02% | 2.17% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, New York
In Hudson, 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 Hudson, 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 Hudson 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 12534, with a median bill of $4,325, which also happens to be the lowest in this region.
Average Hudson Assessed Value
$247,778
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 Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12534 | $138,889 | $185,512 | $247,778 | $352,941 | $558,824 |
Source: Ownwell
Property Tax Bills Across Hudson, New York
Property tax bills in Hudson, Columbia County, NY, 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 is meant to reflect the market value of the property. Once the assessed value is established, it's multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Hudson, the tax bills can vary significantly. The 25th percentile tax bill is $3,277, while the 75th percentile tax bill is $5,880, and the 90th percentile tax bill reaches $9,171. The median home price in Hudson is $247,778, which is relatively high compared to the national median property tax rate of 0.99%. This means homeowners in Hudson may face higher property tax bills compared to other regions. These taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life.
Average Hudson Tax Bill
$4,325
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 Hudson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12534 | $2,249 | $3,277 | $4,325 | $5,880 | $9,171 |
Source: Ownwell