Caroga Lake, Fulton County, New York Property Taxes
Median Caroga Lake, NY effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Caroga Lake, NY home value: $137,885. Median annual Caroga Lake, NY tax bill: $2,464, $64 higher than the national median property tax bill of $2,400.
How are property taxes in Fulton calculated?
Property taxes in Caroga Lake, 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 Caroga Lake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Caroga Lake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Caroga Lake, Fulton County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$2,482
$2,303
Property Tax Rates Across Caroga Lake, Fulton County, New York
Local government entities are responsible for setting tax rates, which can vary significantly 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 determines the property tax rate. While the process involves votes and laws in setting tax rates and budgets, this is the annual procedure in a nutshell.
In Caroga Lake, located in Fulton County, NY, the effective property tax rate is 1.80%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across Fulton County, as Caroga Lake holds both the highest and lowest median tax rates within the county. Compared to the national median property tax bill of $2,400, homeowners in Caroga Lake may find themselves paying more due to the higher tax rate. Understanding these rates is crucial for property owners looking to manage their expenses effectively and explore potential tax appeal opportunities.
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 Caroga Lake Tax Rate
1.80%
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 Fulton County Tax Rate
2.23%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Caroga Lake, Fulton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12032 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Caroga Lake, Fulton County, New York
When examining property taxes in Caroga Lake, 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 Fulton 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 Fulton 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 Caroga Lake. For example, the median home price in Caroga Lake is $137,885, with tax bills ranging significantly across the county. Zip code 12032 has the highest median home price at $137,885.
Property Tax Assessment Values Across Caroga Lake, Fulton County, New York
Source: Ownwell
$83,820
$141,044
$198,268
Median Caroga Lake Market Value
$137,885
Median Fulton County Market Value
$117,346
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Caroga Lake, Fulton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12032 | $44,866 | $72,115 | $137,885 | $209,712 | $279,384 |
Source: Ownwell
Property Tax Bills Across Caroga Lake, Fulton County, New York
In Caroga Lake, located in Fulton County, NY, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience a range of property tax bills, with the 25th percentile at $1,287 and the 75th percentile reaching $3,752. The median tax bill of $2,464 is slightly above the national median of $2,400, reflecting the local tax rate and property values. Factors influencing the tax bill include the local tax rate set by the county and the property's assessed value. These taxes fund essential services like schools, infrastructure, and emergency services, impacting homeowners directly.
Ownwell offers valuable assistance to homeowners by identifying potential savings on property tax bills. By analyzing property assessments and ensuring they align with current market values, Ownwell can help homeowners appeal incorrect assessments and secure exemptions where applicable. This service not only reduces the financial burden on homeowners but also ensures they are not overpaying on their property taxes.
Median Caroga Lake Tax Bill
$2,464
Median Fulton County Tax Bill
$2,522
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Caroga Lake, Fulton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12032 | $798 | $1,287 | $2,464 | $3,752 | $5,028 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Fulton Assessment Review Commission | |
| Website | sdg.fultoncountyny.gov |