Hancock, Delaware County, New York Property Taxes
Median Hancock, NY effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Hancock, NY home value: $101,570
Median annual Hancock, NY tax bill: $2,782, $382 higher than the national median property tax bill of $2,400.
How are property taxes in Delaware calculated?
Property taxes in Hancock, 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 Hancock’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hancock, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hancock, Delaware County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.34%
Estimate Property Tax Bill
$2,377
$2,206
Property Tax Rates Across Hancock, Delaware County, New York
Local government entities set tax rates, leading to significant variations within a state. This occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Hancock, located in Delaware County, NY, the effective property tax rate stands out compared to other cities in New York and the national median. New York's median property tax rate is higher than the national median of 1.02%, and Hancock's rate is among the highest in the state. This can significantly impact property owners in Hancock, as their tax bills may be considerably higher than the national median property tax bill of $2400. Understanding these differences is crucial for property owners, as it highlights the importance of exploring property tax appeal and exemption services to potentially reduce their tax burden.
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 Hancock Tax Rate
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 Delaware County Tax Rate
2.34%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hancock, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13783 | 2.17% | 2.32% | 2.34% | 3.40% | 5.59% |
Source: Ownwell
Property Tax Assessment Values Across Hancock, Delaware County, New York
When examining property taxes in Hancock, 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 Delaware 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.
In Delaware 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 Hancock.
For example, the median home price in Hancock is $101,570, with tax bills ranging significantly across the county. ZIP code 13783 has the highest median home price at $101,570.
Property Tax Assessment Values Across Hancock, Delaware County, New York
Source: Ownwell
$40,850
$151,075
$261,300
Median Hancock Market Value
$101,570
Median Delaware County Market Value
$129,271
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hancock, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13783 | $27,701 | $55,000 | $101,570 | $158,818 | $230,840 |
Source: Ownwell
Property Tax Bills Across Hancock, Delaware County, New York
Median Hancock Tax Bill
$2,782
Median Delaware County Tax Bill
$3,106
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Hancock, Delaware County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13783 | $964 | $1,605 | $2,782 | $4,096 | $5,724 |
Source: Ownwell