Otego, Delaware County, New York Property Taxes

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

Median Otego, NY effective property tax rate: 2.80%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Otego, NY home value: $121,750
Median annual Otego, NY tax bill: $3,544, $1,144 higher than the national median property tax bill of $2,400.

How are property taxes in Delaware calculated?

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

Last Updated March 1, 2025

Otego, Delaware County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.8%

Estimate Property Tax Bill

$3,409

$3,163

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

Property Tax Rates Across Otego, Delaware County, New York

Local government entities set tax rates, which can vary widely within a state. This variation 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. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Otego’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.

Otego, located in Delaware County, stands out with its property tax rate. The city's effective tax rate is significantly higher than the national median of 1.02%. The median property tax rate in New York is also higher than the national average, making it essential for property owners in Otego to be aware of their tax obligations. Understanding how these rates compare can help property owners make informed decisions about potential savings through property tax appeals or exemptions.

Property Tax Rates Across Otego, Delaware County, New York

Source: Ownwell

1.53%

3.61%

5.69%

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 Otego Tax Rate

2.80%

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 Otego, Delaware County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13825	2.73%	2.80%	2.80%	2.80%	2.80%

Source: Ownwell

Property Tax Assessment Values Across Otego, Delaware County, New York

When examining property taxes in Otego, 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. Assessment notices: Delaware County sends assessment notices 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 Otego. For example, the median home price in Otego is $121,750, with tax bills ranging significantly across the county. 13825 has the highest median home price at $121,750.

Property Tax Assessment Values Across Otego, Delaware County, New York

Source: Ownwell

$40,850

$151,075

$261,300

Median Otego Market Value

$121,750

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 Otego, Delaware County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13825	$70,990	$97,025	$121,750	$183,275	$226,070

Source: Ownwell

Property Tax Bills Across Otego, Delaware County, New York

In Otego, Delaware County, NY, property tax bills are calculated based on the assessed value of a home, with local tax rates applied to determine the final amount owed. The median home price in this area is $121,750, which influences the assessed value and subsequently, the tax bill. Factors such as property size, location, and improvements can affect the assessed value, leading to variations in tax bills. Homeowners in Otego experience a range in tax bills, with the 25th percentile at $2,528 and the 75th percentile reaching $5,303, indicating significant variability based on property specifics. The highest median tax bill in the area is $3,544, which is above the national median of $2,400, highlighting the financial impact on homeowners. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering their tax burden. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners pay only their fair share, offering significant savings and peace of mind.

Property Tax Bills Across Otego, Delaware County, New York

Source: Ownwell

$1,582

$3,293

$5,003

Median Otego Tax Bill

$3,544

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 Otego, Delaware County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13825	$1,682	$2,528	$3,544	$5,303	$6,473

Source: Ownwell