Johnstown, New York Property Taxes
The median property tax rate in Johnstown, NY is 2.28%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Johnstown at $105,952, the typical annual property tax bill reaches $2,352, which is slightly below the national median of $2,690. Property taxes in Johnstown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Johnstown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Johnstown or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnstown, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$2,416
$2,242
Ownwell’s Johnstown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Johnstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Johnstown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Johnstown, New York
Property taxes in Johnstown, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Johnstown is 2.28%, significantly higher than the U.S. national median of 0.99%. Local government entities within Johnstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Johnstown estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Johnstown's effective property tax rate to other areas in New York and the national median. For comparison, the 12095 zip code has the highest median property tax rate of 2.28%, while the same zip code also has the lowest median tax rate of 2.28%. Understanding how these areas compare with Johnstown provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Johnstown Tax Rate
2.28%
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 Johnstown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12095 | 2.05% | 2.28% | 2.28% | 2.28% | 2.61% |
Source: Ownwell
Property Tax Assessment Values Across Johnstown, New York
In Johnstown, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local assessment office for tax purposes. In contrast, the assessed value 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. In Johnstown, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, Johnstown's median home price is $105,952, with tax bills ranging from $1,734 at the 25th percentile to $4,758 at the 90th percentile. The highest and lowest median tax bills are both $2,352 in the 12095 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Johnstown Assessed Value
$105,952
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 Johnstown, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12095 | $59,524 | $78,571 | $105,952 | $147,619 | $205,858 |
Source: Ownwell
Property Tax Bills Across Johnstown, New York
In Johnstown, Fulton County, NY, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $105,952, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,734, while at the 75th percentile, it rises to approximately $3,411. For those in the 90th percentile, the tax bill can reach up to $4,758. The local tax rate in Johnstown significantly impacts homeowners, as it is higher than the national median property tax rate of 0.99%. This means that homeowners in Johnstown may face higher property tax bills compared to other regions. Factors such as property improvements, neighborhood developments, and changes in local government budgets can also influence the assessed value and, consequently, the tax bill. Homeowners should stay informed about these factors to better understand and manage their property tax obligations.
Average Johnstown Tax Bill
$2,352
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 Johnstown, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12095 | $1,327 | $1,734 | $2,352 | $3,411 | $4,758 |
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 |