Wells, Hamilton County, New York Property Taxes

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

Median Wells, NY effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Wells, NY home value: $129,050
Median annual Wells, NY tax bill: $1,114, $1,286 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton County calculated?

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

Last Updated March 1, 2025

Wells, Hamilton County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$1,071

$994

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

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell. In Wells, located in Hamilton County, New York, property owners experience an effective property tax rate that aligns with the county's median of 0.83%. This rate is lower than the national median property tax rate of 1.02%, offering some relief to residents compared to the broader U.S. average. Despite the uniformity in the county, it’s important to note that local tax rates can differ significantly across New York due to varying budgetary needs and property values. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Wells, 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 Wells Tax Rate

0.83%

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 Wells, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12190	0.83%	0.83%	0.83%	0.83%	0.91%

Source: Ownwell

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

When examining property taxes in Wells, 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 Wells. For example, the median home price in Wells is $129,050, with tax bills ranging significantly across the county. Zip code 12190 has the highest median home price at $129,050.

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

Source: Ownwell

$54,400

$197,200

$340,000

Median Wells Market Value

$129,050

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 Wells, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12190	$53,760	$78,925	$129,050	$191,675	$270,080

Source: Ownwell

Property Tax Bills Across Wells, Hamilton County, New York

In Wells, located in Hamilton County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value reflects the market value determined by the local tax assessor. Factors influencing this value include the size of the property, location, and any improvements made. The median property tax bill in Wells is around $1,114, which is below the national median of $2,400. However, homeowners in the 90th percentile can face bills as high as $2,338. This variation affects homeowners significantly, as higher bills can strain finances and impact property affordability.

Ownwell assists homeowners by providing property tax appeal and exemption services. By analyzing property assessments and comparing them with similar properties, Ownwell identifies discrepancies and opportunities for reducing tax liabilities. This can lead to substantial savings for homeowners, ensuring they only pay their fair share. Engaging Ownwell's services can be a strategic move to manage and potentially lower property tax expenses effectively.

Property Tax Bills Across Wells, Hamilton County, New York

Source: Ownwell

$426

$1,332

$2,237

Median Wells Tax Bill

$1,114

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 Wells, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12190	$465	$672	$1,114	$1,675	$2,338

Source: Ownwell