Fulton County Property Taxes
The median property tax rate in Fulton County is 2.23%, which is significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Fulton County, the typical annual property tax bill reaches $2,522, which is just below the national median of $2,690. Property taxes in Fulton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Fulton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Gloversville or another part of Fulton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fulton County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$2,617
$2,587
Ownwell’s Fulton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Fulton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Fulton County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Fulton County, New York
Property taxes in Fulton County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Fulton County is 2.23%, which is higher than the U.S. national median of 0.99%. Local government entities within Fulton County set these rates annually, and they can vary significantly between different areas within the county. Each year, Fulton County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Fulton County's effective property tax rate with other areas in New York and the national median. For comparison, the city of Fort Plain has one of the higher property tax rates in New York at 3.15%, while the city of Hagaman boasts one of the lowest at 1.78%. Analyzing how Fulton County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Fulton County Tax Rate
2.23%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fulton County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amsterdam | 1.46% | 1.84% | 2.08% | 2.23% | 2.31% |
| Broadalbin | 1.64% | 1.94% | 2.23% | 2.23% | 2.32% |
| Caroga Lake | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
| Dolgeville | 1.35% | 2.02% | 2.56% | 2.63% | 2.63% |
| Fonda | 2.59% | 2.61% | 2.61% | 2.61% | 2.61% |
| Fort Johnson | 1.23% | 1.89% | 2.10% | 2.31% | 2.31% |
| Fort Plain | 2.61% | 2.61% | 3.15% | 3.15% | 3.15% |
| Gloversville | 1.03% | 1.85% | 2.19% | 2.71% | 2.91% |
| Hagaman | 1.20% | 1.25% | 1.78% | 2.09% | 2.22% |
| Johnstown | 2.05% | 2.28% | 2.28% | 2.28% | 2.61% |
| Mayfield | 1.84% | 1.86% | 1.98% | 1.98% | 2.38% |
| Northville | 1.86% | 1.86% | 1.91% | 2.33% | 2.33% |
| Saint Johnsville | 1.59% | 2.18% | 2.63% | 2.86% | 3.15% |
| Stratford | 2.29% | 2.29% | 2.29% | 2.29% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Fulton County, New York
In Fulton County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Fulton County Appraisal District. The assessed value, however, 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. Assessment notices in Fulton County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Fulton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Fulton County, Amsterdam has the highest median tax bill at $3,856, while Gloversville has the lowest at $1,911.
Average Fulton County Assessed Value
$117,346
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fulton County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amsterdam | $116,939 | $149,818 | $198,268 | $256,242 | $339,394 |
| Broadalbin | $77,512 | $122,835 | $178,740 | $269,212 | $377,953 |
| Caroga Lake | $44,866 | $72,115 | $137,885 | $209,712 | $279,384 |
| Dolgeville | $32,000 | $55,264 | $91,300 | $128,000 | $184,700 |
| Fonda | $38,053 | $52,832 | $89,027 | $124,514 | $268,673 |
| Fort Johnson | $96,485 | $143,394 | $196,606 | $246,303 | $309,673 |
| Fort Plain | $44,098 | $66,810 | $100,177 | $140,492 | $203,540 |
| Gloversville | $44,831 | $60,562 | $83,820 | $135,955 | $217,714 |
| Hagaman | $115,879 | $146,666 | $181,333 | $244,969 | $299,878 |
| Johnstown | $59,524 | $78,571 | $105,952 | $147,619 | $205,858 |
| Mayfield | $69,740 | $106,582 | $152,347 | $244,452 | $397,034 |
| Northville | $87,255 | $128,824 | $176,471 | $287,647 | $409,216 |
| Saint Johnsville | $36,066 | $63,222 | $102,844 | $149,640 | $200,570 |
| Stratford | $25,176 | $49,353 | $110,588 | $190,088 | $249,824 |
Source: Ownwell
Property Tax Bills Across Fulton County, New York
In Fulton County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county is $117,346. Homeowners can expect their tax bills to vary widely, with the 25th percentile tax bill at $1,562 and the 75th percentile reaching $3,948. For those at the higher end, the 90th percentile tax bill soars to $6,002. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions. The highest median tax bill in the county is found in Amsterdam, at $3,856, while Gloversville has the lowest median tax bill at $1,911. Compared to the national median property tax rate of 0.99%, homeowners in Fulton County may experience varying degrees of financial impact based on their property's assessed value and location within the county. This variability can significantly affect homeowners’ annual financial planning and overall cost of living.
Average Fulton County Tax Bill
$2,522
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Fulton County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amsterdam | $1,749 | $2,768 | $3,856 | $5,335 | $7,330 |
| Broadalbin | $1,368 | $2,441 | $3,715 | $5,613 | $8,069 |
| Caroga Lake | $798 | $1,287 | $2,464 | $3,752 | $5,028 |
| Dolgeville | $637 | $1,073 | $2,155 | $3,285 | $4,769 |
| Fonda | $966 | $1,225 | $2,096 | $2,889 | $3,639 |
| Fort Johnson | $1,559 | $2,424 | $3,830 | $4,879 | $6,968 |
| Fort Plain | $1,298 | $2,071 | $3,037 | $4,185 | $5,958 |
| Gloversville | $617 | $1,201 | $1,911 | $3,111 | $4,856 |
| Hagaman | $1,472 | $2,078 | $3,154 | $3,937 | $5,671 |
| Johnstown | $1,327 | $1,734 | $2,352 | $3,411 | $4,758 |
| Mayfield | $1,349 | $2,168 | $3,130 | $4,780 | $7,863 |
| Northville | $1,753 | $2,662 | $3,709 | $5,698 | $8,367 |
| Saint Johnsville | $771 | $1,455 | $2,559 | $3,819 | $5,284 |
| Stratford | $562 | $1,062 | $2,461 | $4,259 | $5,627 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Links | |
|---|---|
| Fulton Assessment Review Commission | |
| Website | sdg.fultoncountyny.gov |