Long Lake, Hamilton County, New York Property Taxes

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

Median Long Lake, NY effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Long Lake, NY home value: $235,950
Median annual Long Lake, NY tax bill: $1,995, $405 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Long Lake, Hamilton County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$2,147

$1,992

Ownwell’s Long Lake Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Long Lake with just two data points. By entering your property's estimated assessed value, our calculator applies Long 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 Long Lake, Hamilton County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Long Lake, located in Hamilton County, New York, property owners experience a property tax rate that aligns with the state's median rate of 0.91%. This rate is notably below the national median property tax rate of 1.02%. Despite the relatively lower tax rate, residents benefit from the essential services funded by these taxes.

When compared to other regions in New York, Long Lake’s property tax rate is consistent, highlighting a balance between affordability and maintaining public services. This stability is key for property owners seeking predictability in their annual expenses.

Understanding these dynamics allows property owners to better anticipate their financial commitments and underscores the importance of proactive property tax management.

Property Tax Rates Across Long 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 Long Lake Tax Rate

0.91%

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 Long Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12847	0.68%	0.81%	0.91%	0.91%	0.95%

Source: Ownwell

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

When examining property taxes in Long 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 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 Long Lake. For example, the median home price in Long Lake is $235,950, with tax bills ranging significantly across the county. 12847 has the highest median home price at $235,950.

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

Source: Ownwell

$54,400

$197,200

$340,000

Median Long Lake Market Value

$235,950

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 Long Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12847	$79,400	$120,075	$235,950	$464,025	$656,100

Source: Ownwell

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

In Long Lake, NY, within Hamilton County, property taxes are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in this area is $235,950, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,070, while the 75th percentile reaches $3,922, and the 90th percentile is as high as $5,790. The median tax bill here is $1,995, which is below the national median of $2,400. Such variability affects homeowners differently, depending on their property's assessed value and the local tax rate. Ownwell can assist homeowners in Long Lake by reviewing their property assessments to identify potential inaccuracies and filing appeals to lower their tax bills. By leveraging our expertise, homeowners can ensure they are not overpaying, potentially saving hundreds or even thousands of dollars annually.

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

Source: Ownwell

$426

$1,332

$2,237

Median Long Lake Tax Bill

$1,995

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 Long Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12847	$681	$1,070	$1,995	$3,922	$5,790

Source: Ownwell