Canajoharie, New York Property Taxes
The median property tax rate in Canajoharie, NY is 3.11%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Canajoharie at $97,800, the typical annual property tax bill reaches $3,442, surpassing the national median of $2,690. Property taxes in Canajoharie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Canajoharie's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Canajoharie or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Canajoharie, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.11%
Estimate Property Tax Bill
$3,042
$3,007
Ownwell’s Canajoharie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canajoharie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canajoharie to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Canajoharie, New York
Property taxes in Canajoharie, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canajoharie is 3.11%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Canajoharie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canajoharie estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Canajoharie's effective property tax rate to other counties in New York and the national median. For comparison, the 13317 zip code has both the highest and lowest median property tax rate of 3.11%. Understanding how these cities compare with Canajoharie provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canajoharie Tax Rate
3.11%
Average Montgomery County Tax Rate
2.37%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canajoharie, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13317 | 1.61% | 2.50% | 3.11% | 4.27% | 4.81% |
Source: Ownwell
Property Tax Assessment Values Across Canajoharie, New York
In Canajoharie, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Montgomery County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Canajoharie, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Canajoharie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 13317 has the highest median tax bill of $3,442.
Average Canajoharie Assessed Value
$97,800
Average Montgomery County Assessed Value
$107,500
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canajoharie, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13317 | $54,590 | $74,800 | $97,800 | $139,200 | $214,700 |
Source: Ownwell
Property Tax Bills Across Canajoharie, New York
In Canajoharie, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, with a median home price of $97,800, homeowners in Canajoharie can expect a wide range of property tax bills. The 25th percentile tax bill is around $2,343, while the 75th percentile reaches up to $4,590, and the 90th percentile can be as high as $6,040. The local tax rate can significantly impact these amounts, especially when compared to the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how these taxes are calculated can help in budgeting and financial planning, ensuring they are prepared for their annual property tax obligations.
Average Canajoharie Tax Bill
$3,442
Average Montgomery County Tax Bill
$2,451
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Canajoharie, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13317 | $1,297 | $2,343 | $3,442 | $4,590 | $6,040 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Montgomery Assessment Review Commission | |
| Website | www.co.montgomery.ny.us |