Olmstedville, Essex County, New York Property Taxes

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

Median Olmstedville, NY effective property tax rate: 1.89%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Olmstedville, NY home value: $129,000
Median annual Olmstedville, NY tax bill: $2,268, $132 lower than the national median property tax bill of $2,400.

How are property taxes in Essex County calculated?

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

Last Updated March 1, 2025

Olmstedville, Essex County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.89%

Estimate Property Tax Bill

$2,438

$2,262

Ownwell’s Olmstedville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Olmstedville with just two data points.

By entering your property's estimated assessed value, our calculator applies Olmstedville’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 Essex County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Olmstedville, Essex County, New York

Local government entities are responsible for setting tax rates, which can differ significantly within a state. Each county determines its required budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Olmstedville, located in Essex County, NY, the effective property tax rate stands at 1.89%. This rate is notably higher than the national median property tax rate of 1.02%. Comparing Olmstedville's rate to other cities within New York, it aligns with the highest and lowest median tax rates observed in the state, both of which are at 1.89%. Moreover, this rate also surpasses the national median property tax bill of $2,400. Understanding these variations can be crucial for homeowners in managing their property tax obligations effectively.

Property Tax Rates Across Olmstedville, Essex County, New York

Source: Ownwell

1.46%

2.46%

3.46%

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 Olmstedville Tax Rate

1.89%

Median Effective Essex County Tax Rate

1.92%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Olmstedville, Essex County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12857	1.46%	1.46%	1.89%	1.93%	1.93%

Source: Ownwell

Property Tax Assessment Values Across Olmstedville, Essex County, New York

When examining property taxes in Olmstedville, 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 Essex 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 Essex 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 Olmstedville. For example, the median home price in Olmstedville is $129,000, with tax bills ranging significantly across the county. Zip code 12857 has the highest median home price at $129,000.

Property Tax Assessment Values Across Olmstedville, Essex County, New York

Source: Ownwell

$49,622

$193,461

$337,300

Median Olmstedville Market Value

$129,000

Median Essex County Market Value

$151,489

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Olmstedville, Essex County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12857	$43,340	$74,400	$129,000	$196,100	$294,880

Source: Ownwell

Property Tax Bills Across Olmstedville, Essex County, New York

In Olmstedville, Essex County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property location, size, and condition are considered in the assessment process. With a median home price of $129,000, homeowners in Olmstedville face a property tax bill that can vary significantly. For instance, the tax bill at the 25th percentile is $1,278, while at the 75th percentile, it rises to $3,383. This variation can impact homeowners' financial planning, especially when compared to the national median property tax bill of $2,400.

Ownwell offers valuable services to help homeowners in Olmstedville reduce their property tax bills. By analyzing property assessments and identifying potential discrepancies, Ownwell assists homeowners in filing appeals for lower assessments. This can lead to significant savings, providing financial relief and ensuring that homeowners pay only their fair share in property taxes.

Property Tax Bills Across Olmstedville, Essex County, New York

Source: Ownwell

$573

$3,573

$6,573

Median Olmstedville Tax Bill

$2,268

Median Essex County Tax Bill

$2,966

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Olmstedville, Essex County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12857	$724	$1,278	$2,268	$3,383	$4,969

Source: Ownwell