Hamden, New York Property Taxes
The median property tax rate in Hamden, NY is 2.19%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Hamden at $137,700, the typical annual property tax bill reaches $2,928, surpassing the national median of $2,690. Property taxes in Hamden are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Hamden'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 Hamden 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
Hamden, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.19%
Estimate Property Tax Bill
$3,016
$2,798
Ownwell’s Hamden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamden 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 Hamden, New York
Property taxes in Hamden, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamden is 2.19%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hamden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamden 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 Hamden's effective property tax rate to other counties in New York and the national median. For comparison, the 13782 zip code has the highest median property tax rate of 2.19%, while the same zip code also has the lowest median tax rate of 2.19%. Understanding how these cities compare with Hamden provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamden Tax Rate
2.19%
Average Delaware County Tax Rate
2.34%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13782 | 1.87% | 1.89% | 2.19% | 2.38% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Hamden, New York
In Hamden, 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 Delaware 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 Hamden, 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 Hamden 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 in Hamden is 13782, with a median tax bill of $2,928.
Average Hamden Assessed Value
$137,700
Average Delaware County Assessed Value
$129,271
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamden, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13782 | $50,000 | $75,825 | $137,700 | $187,150 | $259,650 |
Source: Ownwell
Property Tax Bills Across Hamden, New York
In Hamden, located in Delaware County, NY, property tax bills are determined based on the assessed value of a property and the applicable tax rate. The assessed value is an estimate of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. Various factors influence the assessed value, including the property's size, age, location, and condition. Homeowners in Hamden experience a range of property tax bills. For instance, the 25th percentile tax bill is around $1,783, while the 75th percentile reaches $3,949, and the 90th percentile can be as high as $5,406. These figures illustrate the variability in property tax burdens across different properties. The median home price in Hamden is $137,700, and with a national median property tax rate of 0.99%, the property tax rate in Hamden can significantly impact homeowners' finances. Understanding how property tax bills are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Hamden Tax Bill
$2,928
Average Delaware County Tax Bill
$3,106
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamden, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13782 | $1,150 | $1,783 | $2,928 | $3,949 | $5,406 |
Source: Ownwell