Fort Covington, Franklin County, New York Property Taxes

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

Median FORT COVINGTON, NY effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median FORT COVINGTON, NY home value: $77,013
Median annual FORT COVINGTON, NY tax bill: $1,478, $922 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin calculated?

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

Last Updated March 1, 2025

Fort Covington, Franklin County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.9%

Estimate Property Tax Bill

$1,463

$1,358

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

Property Tax Rates Across Fort Covington, Franklin County, New York

Local government entities set tax rates, which can vary widely within a state. The reason for this is that annually, each county 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 Fort Covington’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Fort Covington in Franklin County has a median property tax rate of 1.90%, which is significantly higher than the national median of 1.02%. This reflects the local government's need to meet budget requirements for public services. With New York's property tax rates among the highest in the country, homeowners in Fort Covington face a relatively substantial tax burden. Understanding these rates can empower residents to explore potential savings through appeals or exemptions.

Property Tax Rates Across Fort Covington, Franklin County, New York

Source: Ownwell

1.52%

2.28%

3.03%

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 Fort Covington Tax Rate

1.90%

Median Effective Franklin County Tax Rate

2.45%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Covington, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12937	1.82%	1.90%	1.90%	1.97%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Fort Covington, Franklin County, New York

When examining property taxes in Fort Covington, 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 Franklin 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 Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Fort Covington.

For example, the median home price in Fort Covington is $77,013, with tax bills ranging significantly across the county. Zip code 12937 has the highest median home price at $77,013.

Property Tax Assessment Values Across Fort Covington, Franklin County, New York

Source: Ownwell

$42,262

$149,833

$257,404

Median Fort Covington Market Value

$77,013

Median Franklin County Market Value

$100,730

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Covington, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12937	$25,065	$49,481	$77,013	$116,883	$169,429

Source: Ownwell

Property Tax Bills Across Fort Covington, Franklin County, New York

In Fort Covington, located in Franklin County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in the area is $77,013, with tax bills ranging from $968 at the 25th percentile to $3,154 at the 90th percentile. Compared to the national median property tax bill of $2,400, Fort Covington's tax bills can be relatively lower, with the median tax bill at $1,478. However, tax bills can vary significantly based on a property's assessed value and other local factors. Homeowners can be financially impacted by these taxes, especially if their property's assessed value is high. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially reducing their tax burden. By leveraging local expertise and understanding of tax regulations, Ownwell helps homeowners achieve significant savings on their property tax bills.

Property Tax Bills Across Fort Covington, Franklin County, New York

Source: Ownwell

$1,268

$2,683

$4,098

Median Fort Covington Tax Bill

$1,478

Median Franklin County Tax Bill

$2,460

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Covington, Franklin County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12937	$478	$968	$1,478	$2,194	$3,154

Source: Ownwell

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Dates

Links
Franklin Assessment Review Commission
Website	maps.dancgis.org