Spencertown, Columbia County, New York Property Taxes

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

Median Spencertown, NY effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Spencertown, NY home value: $293,976
Median annual Spencertown, NY tax bill: $5,176, $2,776 higher than the national median property tax bill of $2,400.

How are property taxes in Columbia calculated?

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

Last Updated March 1, 2025

Spencertown, Columbia County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$5,174

$4,801

Ownwell’s Spencertown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Spencertown with just two data points. By entering your property's estimated assessed value, our calculator applies Spencertown’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 Columbia County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Spencertown, Columbia County, New York

Local government entities set property tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this annual process is a simplified explanation.

In Spencertown, located in Columbia County, New York, the effective property tax rate is notably higher than the national median property tax rate of 1.02%. This can be attributed to the county’s budgetary requirements and the assessed value of properties in the area. When comparing Spencertown's property tax rate to other cities within New York, it is evident that the rates can vary, reflecting the diverse needs and property values across the state. Understanding these variations can help property owners better anticipate their tax obligations and explore potential savings through appeals and exemptions.

Property Tax Rates Across Spencertown, Columbia County, New York

Source: Ownwell

1.41%

1.87%

2.34%

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 Spencertown Tax Rate

1.76%

Median Effective Columbia County Tax Rate

1.71%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Spencertown, Columbia County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12165	1.71%	1.76%	1.76%	1.76%	1.76%

Source: Ownwell

Property Tax Assessment Values Across Spencertown, Columbia County, New York

When examining property taxes in Spencertown, 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 Columbia 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 Columbia County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Spencertown. For example, the median home price in Spencertown is $293,976, with tax bills ranging significantly across the county. 12165 has the highest median home price at $293,976.

Property Tax Assessment Values Across Spencertown, Columbia County, New York

Source: Ownwell

$180,460

$302,730

$425,000

Median Spencertown Market Value

$293,976

Median Columbia County Market Value

$284,810

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Spencertown, Columbia County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12165	$179,711	$222,892	$293,976	$391,566	$719,855

Source: Ownwell

Property Tax Bills Across Spencertown, Columbia County, New York

Property tax bills in Spencertown, Columbia County, NY, are calculated based on the assessed value of a property, which is determined by local tax assessors. The tax rate is applied to this assessed value to calculate the annual tax bill. In Spencertown, homeowners face a median property tax bill of $5,176, significantly higher than the national median of $2,400. This is due in part to the area's higher median home price of $293,976. Tax bills can vary widely, with the 25th percentile at $3,834 and the 75th percentile reaching $6,827. For those at the 90th percentile, bills can soar to $12,151. Such high property tax bills can place a significant financial burden on homeowners. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners challenge their assessments, potentially lowering their tax bills. With Ownwell's assistance, homeowners in Spencertown can achieve substantial savings, easing the financial strain of high property taxes.

Property Tax Bills Across Spencertown, Columbia County, New York

Source: Ownwell

$2,904

$5,795

$8,685

Median Spencertown Tax Bill

$5,176

Median Columbia County Tax Bill

$4,915

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Spencertown, Columbia County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12165	$2,808	$3,834	$5,176	$6,827	$12,151

Source: Ownwell