Inlet, Hamilton County, New York Property Taxes

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

Median INLET, NY effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median INLET, NY home value: $243,600
Median annual INLET, NY tax bill: $2237, $163 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

Property taxes in INLET, 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 INLET’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in INLET, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Inlet, Hamilton County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.9%

Estimate Property Tax Bill

$2,192

$2,034

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

Property Tax Rates Across Inlet, Hamilton County, New York

Local government entities have the responsibility of setting property tax rates, and these can vary significantly within a state. Annually, each county determines its necessary budget to maintain services and divides this by the total value of all taxable property within its borders, resulting in the property tax rate. Although the process involves votes and legislation, this is essentially how it works each year.

Inlet in Hamilton County, New York, stands out with a property tax rate of 0.90%, which is notably below the national median of 1.02%. This rate makes it an attractive location for homeowners looking for lower property tax obligations. Compared to other cities in New York, Inlet's rate is competitive, offering potential savings for property owners. While the highest and lowest median tax rates in the area are also 0.90%, Inlet's consistent rate underscores its stable tax environment. This consistency can be a significant factor for homeowners and potential buyers when considering property investments.

Property Tax Rates Across Inlet, 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 Inlet Tax Rate

0.90%

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 Inlet, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13360	0.90%	0.90%	0.90%	0.90%	0.90%

Source: Ownwell

Property Tax Assessment Values Across Inlet, Hamilton County, New York

When examining property taxes in INLET, 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 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 INLET.

For example, the median home price in INLET is $243,600, with tax bills ranging significantly across the county. ZIP code 13360 has the highest median home price at $243,600.

Property Tax Assessment Values Across Inlet, Hamilton County, New York

Source: Ownwell

$54,400

$197,200

$340,000

Median Inlet Market Value

$243,600

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 Inlet, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13360	$50,600	$114,850	$243,600	$384,775	$538,160

Source: Ownwell

Property Tax Bills Across Inlet, Hamilton County, New York

In the city of Inlet, 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 assessed value is then multiplied by the local tax rate to determine the annual tax bill. Inlet's median home price is $243,600, which influences the overall tax burden. The property tax bill can vary widely, with the 25th percentile at $1,082 and the 75th percentile at $3,597. Notably, the highest median tax bill in the area is $2,237, which is lower than the national median property tax bill of $2,400. These figures highlight the importance of accurate assessments and the potential for savings. Homeowners in Inlet may find their property taxes higher than necessary due to inaccurate assessments or overlooked exemptions. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring fair assessments and identifying opportunities for tax reductions. By leveraging Ownwell's expertise, homeowners can potentially lower their property tax bills and alleviate their financial burden.

Property Tax Bills Across Inlet, Hamilton County, New York

Source: Ownwell

$426

$1,332

$2,237

Median Inlet Tax Bill

$2,237

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 Inlet, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13360	$474	$1,082	$2,237	$3,597	$5,050

Source: Ownwell