Caroga Lake, Hamilton County, New York Property Taxes

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

Median CAROGA LAKE, NY effective property tax rate: 0.58%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median CAROGA LAKE, NY home value: $72,200
Median annual CAROGA LAKE, NY tax bill: $426, $1,974 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton 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, Hamilton County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.58%

Estimate Property Tax Bill

$419

$389

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

Property Tax Rates Across Caroga Lake, Hamilton County, New York

Local government entities in New York, such as those in Caroga Lake, Hamilton County, establish property tax rates that can vary significantly within the state. Each year, counties determine their necessary budget for providing public services and divide this by the total assessed value of all taxable property within their area. This calculation yields the property tax rate. While votes and legislation play a role in finalizing tax rates and budgets, this is the fundamental annual process.

In Caroga Lake, the effective property tax rate stands out when compared to other cities in New York. Interestingly, Caroga Lake shares its tax rate with the highest and lowest median tax rates within its zip code, showcasing a uniform rate across the area. When compared to the national median property tax rate of 1.02%, Caroga Lake's rate is notably lower, offering potential savings for property owners. Understanding these rates can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Caroga Lake, Hamilton County, New York

Source: Ownwell

0.53%

0.72%

0.91%

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

0.58%

Median Effective Hamilton County Tax Rate

0.85%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Caroga Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12032	0.58%	0.58%	0.58%	1.08%	1.62%

Source: Ownwell

Property Tax Assessment Values Across Caroga Lake, Hamilton 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 trends. The Hamilton 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. Assessment notices: In Hamilton 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 $72,200, with tax bills ranging significantly across the county. 12032 has the highest median home price at $72,200.

Property Tax Assessment Values Across Caroga Lake, Hamilton County, New York

Source: Ownwell

$54,400

$197,200

$340,000

Median Caroga Lake Market Value

$72,200

Median Hamilton County Market Value

$177,800

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Caroga Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12032	$31,550	$44,975	$72,200	$94,125	$129,100

Source: Ownwell

Property Tax Bills Across Caroga Lake, Hamilton County, New York

In Caroga Lake, located in Hamilton County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in this area is $72,200. The tax bill varies, with the 25th percentile at $287 and the 75th percentile reaching $776, while the 90th percentile can go up to $1,163. Compared to the national median property tax rate of 1.02%, homeowners in Caroga Lake may find their tax rate relatively manageable. However, even within this range, property taxes can still place a significant financial burden on homeowners. Factors influencing the tax bill include property size, location, and any improvements made. Ownwell assists homeowners by identifying potential savings through appeals and exemptions, helping to reduce their tax bills. By leveraging expertise in local tax codes and providing personalized support, Ownwell ensures that homeowners pay only their fair share, potentially saving them hundreds of dollars annually.

Property Tax Bills Across Caroga Lake, Hamilton County, New York

Source: Ownwell

$426

$1,332

$2,237

Median Caroga Lake Tax Bill

$426

Median Hamilton County Tax Bill

$1,483

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Caroga Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12032	$227	$287	$426	$776	$1,163

Source: Ownwell