Hyde Park, Dutchess County, New York Property Taxes
Median Hyde Park, NY effective property tax rate: 2.68%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Hyde Park, NY home value: $268,200
Median annual Hyde Park, NY tax bill: $7,339, $4,939 higher than the national median property tax bill of $2,400.
How are property taxes in Dutchess County calculated?
Property taxes in Hyde Park, 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 Hyde Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hyde Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hyde Park, Dutchess County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.68%
Estimate Property Tax Bill
$7,188
$6,670
Property Tax Rates Across Hyde Park, Dutchess County, New York
Local government entities are responsible for setting property tax rates, which can vary significantly within New York. Each year, counties estimate their budgetary needs to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Hyde Park, located in Dutchess County, the effective property tax rate is notably higher than the national median of 1.02%. This rate stands out even within New York, where property tax rates can vary greatly. Comparing Hyde Park's rate to other cities in New York and the national median provides valuable insight into the local tax landscape. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively. For those looking to appeal or seek exemptions, being informed about how local rates compare to state and national averages is an essential step in the process.
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 Hyde Park Tax Rate
2.68%
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 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 Hyde Park, Dutchess County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12538 | 2.59% | 2.66% | 2.68% | 2.79% | 3.13% |
Source: Ownwell
Property Tax Assessment Values Across Hyde Park, Dutchess County, New York
When examining property taxes in Hyde Park, 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 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 Hyde Park. For example, the median home price in Hyde Park is $268,200, with tax bills ranging significantly across the county. 12538 has the highest median home price at $268,200.
Property Tax Assessment Values Across Hyde Park, Dutchess County, New York
Source: Ownwell
$245,350
$335,950
$426,550
Median Hyde Park Market Value
$268,200
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 Hyde Park, Dutchess County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12538 | $143,100 | $225,700 | $268,200 | $325,850 | $409,950 |
Source: Ownwell
Property Tax Bills Across Hyde Park, Dutchess County, New York
In Hyde Park, NY, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. With a median home price of $268,200, homeowners in Dutchess County often face higher property tax bills compared to the national median of $2,400. The 25th percentile tax bill is $6,008, the 75th percentile is $8,988, and the 90th percentile reaches $10,988, indicating significant variance based on property value and location. These high taxes can strain homeowners financially, making it essential to explore ways to reduce the burden.
Ownwell offers expert property tax appeal services to help homeowners in Hyde Park potentially lower their tax bills. By analyzing property assessments and identifying discrepancies or overvaluations, Ownwell can assist in filing appeals to ensure fair taxation. This service not only provides potential savings but also peace of mind, knowing that property taxes are accurately aligned with the true market value of the home.
Median Hyde Park Tax Bill
$7,339
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 Hyde Park, Dutchess County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12538 | $3,115 | $6,008 | $7,339 | $8,988 | $10,988 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Dutchess Assessment Review Commission | |
| Website | gis.dutchessny.gov |