Hopewell Junction, Dutchess County, New York Property Taxes

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

Median Hopewell Junction, NY effective property tax rate: 2.86%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Hopewell Junction, NY home value: $412,200
Median annual Hopewell Junction, NY tax bill: $11,778, $9,378 higher than the national median property tax bill of $2,400.

How are property taxes in Dutchess County calculated?

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

Last Updated March 1, 2025

Hopewell Junction, Dutchess County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.86%

Estimate Property Tax Bill

$11,789

$10,940

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

Property Tax Rates Across Hopewell Junction, Dutchess 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 essential 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. In Hopewell Junction, located in Dutchess County, NY, the effective property tax rate is notably higher than the national median. New York's median tax rate surpasses the national average, making property taxes a significant consideration for homeowners. Understanding these local nuances is crucial for property owners seeking to manage their tax liabilities effectively. Comparing Hopewell Junction’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. can provide valuable insights for prospective homeowners and current residents alike.

Property Tax Rates Across Hopewell Junction, Dutchess County, New York

Source: Ownwell

1.59%

2.77%

3.95%

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 Hopewell Junction Tax Rate

2.86%

Median Effective Dutchess County Tax Rate

2.86%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hopewell Junction, Dutchess County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12533	2.54%	2.86%	2.86%	2.94%	3.05%

Source: Ownwell

Property Tax Assessment Values Across Hopewell Junction, Dutchess County, New York

When examining property taxes in Hopewell Junction, 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 Dutchess 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 Dutchess County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Hopewell Junction. For example, the median home price in Hopewell Junction is $412,200, with tax bills ranging significantly across the county. Zip code 12533 has the highest median home price at $412,200.

Property Tax Assessment Values Across Hopewell Junction, Dutchess County, New York

Source: Ownwell

$245,350

$335,950

$426,550

Median Hopewell Junction Market Value

$412,200

Median Dutchess County Market Value

$321,800

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hopewell Junction, Dutchess County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12533	$247,600	$324,800	$412,200	$542,400	$689,500

Source: Ownwell

Property Tax Bills Across Hopewell Junction, Dutchess County, New York

In Hopewell Junction, located in Dutchess County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in the area is $412,200, and the property tax rate is significantly higher than the national median of 1.02%. This results in a substantial financial obligation for homeowners, as reflected in the median property tax bill of $11,778. Factors such as location, property size, and improvements can influence the assessed value, thereby affecting the tax bill. With tax bills ranging from $9,152 at the 25th percentile to $20,060 at the 90th percentile, homeowners face a considerable expense. This financial burden underscores the importance of seeking ways to reduce property taxes. Ownwell offers a solution by providing expert property tax appeal services, potentially lowering assessed values and resulting in significant savings. By leveraging their expertise, homeowners can ensure their tax bills are fair and manageable.

Property Tax Bills Across Hopewell Junction, Dutchess County, New York

Source: Ownwell

$4,723

$8,320

$11,917

Median Hopewell Junction Tax Bill

$11,778

Median Dutchess County Tax Bill

$9,388

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Hopewell Junction, Dutchess County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12533	$6,627	$9,152	$11,778	$15,805	$20,060

Source: Ownwell

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Dates

Links
Dutchess Assessment Review Commission
Website	gis.dutchessny.gov