Cold Brook, Hamilton County, New York Property Taxes
Median Cold Brook, NY effective property tax rate: 0.76%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%. Median Cold Brook, NY home value: $74,600. Median annual Cold Brook, NY tax bill: $528, $1,872 lower than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in Cold Brook, 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 Cold Brook’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cold Brook, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cold Brook, Hamilton County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$567
$526
Property Tax Rates Across Cold Brook, Hamilton County, New York
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 Cold Brook Tax Rate
0.76%
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 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 Cold Brook, Hamilton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13324 | 0.70% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Cold Brook, Hamilton County, New York
When examining property taxes in Cold Brook, 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 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.
In Hamilton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cold Brook.
For example, the median home price in Cold Brook is $74,600, with tax bills ranging significantly across the county. Zip code 13324 has the highest median home price at $74,600.
Property Tax Assessment Values Across Cold Brook, Hamilton County, New York
Source: Ownwell
$54,400
$197,200
$340,000
Median Cold Brook Market Value
$74,600
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 Cold Brook, Hamilton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13324 | $43,340 | $56,675 | $74,600 | $142,625 | $186,330 |
Source: Ownwell
Property Tax Bills Across Cold Brook, Hamilton County, New York
In Cold Brook, Hamilton County, NY, property tax bills are determined by assessing the property's value and applying the local tax rate. Homeowners in Cold Brook experience a median property tax bill of $528, which is significantly lower than the national median of $2,400. The tax bill is calculated based on the assessed value of the property, which in Cold Brook is influenced by factors such as market trends and property characteristics. The tax bill can vary, with 25th percentile bills at $423 and 90th percentile bills reaching $1,274, reflecting differences in property values and assessments.
For homeowners, these taxes can represent a substantial financial obligation. However, Ownwell provides an opportunity for savings. By leveraging its expertise in property tax appeals and exemptions, Ownwell helps homeowners ensure their property is fairly assessed. This can lead to a reduction in tax liabilities, offering financial relief. With Ownwell’s assistance, homeowners in Cold Brook can potentially lower their tax bills, aligning them more closely with their property's true market value.
Median Cold Brook Tax Bill
$528
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 Cold Brook, Hamilton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13324 | $308 | $423 | $528 | $801 | $1,274 |
Source: Ownwell