Stamford, New York Property Taxes
The median property tax rate in Stamford, NY is 2.78%, 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 Stamford at $139,350, the typical annual property tax bill reaches $4,137, exceeding the national median of $2,690. Property taxes in Stamford 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 Stamford'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 Stamford 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
Stamford, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.78%
Estimate Property Tax Bill
$3,874
$3,595
Ownwell’s Stamford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stamford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stamford 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 Stamford, New York
Property taxes in Stamford, New York, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Stamford is 2.78%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Stamford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stamford 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 Stamford's effective property tax rate to other counties in New York and the national median. For comparison, the 12167 zip code has the highest median property tax rate of 2.78%, while the same zip code also has the lowest median tax rate of 2.78%. Understanding how these cities compare with Stamford 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 Stamford Tax Rate
2.78%
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 Stamford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12167 | 2.60% | 2.74% | 2.78% | 3.14% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Stamford, New York
In Stamford, 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 Stamford, 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. Stamford's median home price is $139,350, with tax bills ranging from $3,023 at the 25th percentile to $6,322 at the 90th percentile. The highest and lowest median tax bills are both $4,137 in zip code 12167. Being aware of these valuation processes in Stamford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stamford Assessed Value
$139,350
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 Stamford, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12167 | $66,500 | $100,900 | $139,350 | $175,400 | $219,300 |
Source: Ownwell
Property Tax Bills Across Stamford, New York
In Stamford, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the home. The median home price in Stamford is $139,350, which provides a baseline for understanding typical tax bills in the area. Homeowners in Stamford can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $3,023, while at the 75th percentile, it rises to $5,016. At the 90th percentile, homeowners might see tax bills as high as $6,322. These variations can have a substantial impact on homeowners' finances, making it crucial to understand how local property tax rates and assessments influence their annual obligations. Notably, the highest and lowest median tax bills in the county are both $4,137, indicating a relatively stable tax environment within Delaware County.
Average Stamford Tax Bill
$4,137
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 Stamford, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12167 | $1,967 | $3,023 | $4,137 | $5,016 | $6,322 |
Source: Ownwell