Esperance, Montgomery County, New York Property Taxes
Median Esperance, NY effective property tax rate: 2.82%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Esperance, NY home value: $137,975
Median annual Esperance, NY tax bill: $3,610, $1,210 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Esperance, 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 Esperance’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Esperance, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Esperance, Montgomery County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.82%
Estimate Property Tax Bill
$3,891
$3,611
Property Tax Rates Across Esperance, Montgomery County, New York
Local government entities set tax rates, which can vary widely within a state. Annually, 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. Below, you can compare Esperance’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Esperance, located in Montgomery County, has a property tax rate of 2.82%. This is significantly higher than the national median property tax rate of 1.02%. The median property tax bill in Esperance is also above the national median of $2400, reflecting the higher rate. Within New York, Esperance's rate is among the highest, as the county's median tax rate is 2.82%, which is consistent across the region. This highlights the variability in property tax rates and the importance of understanding how these rates are determined and how they compare on a broader scale.
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 Esperance Tax Rate
2.82%
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 Montgomery County Tax Rate
2.37%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Esperance, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12066 | 2.03% | 2.47% | 2.82% | 2.88% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across Esperance, Montgomery County, New York
When examining property taxes in Esperance, 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 Montgomery 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 Montgomery 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 Esperance. For example, the median home price in Esperance is $137,975, with tax bills ranging significantly across the county. Zip code 12066 has the highest median home price at $137,975.
Property Tax Assessment Values Across Esperance, Montgomery County, New York
Source: Ownwell
$61,639
$120,605
$179,570
Median Esperance Market Value
$137,975
Median Montgomery County Market Value
$107,500
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Esperance, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12066 | $44,102 | $84,145 | $137,975 | $197,658 | $256,709 |
Source: Ownwell
Property Tax Bills Across Esperance, Montgomery County, New York
In Esperance, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $137,975. Tax rates are applied to this assessed value to arrive at the annual tax bill. In this region, the median property tax bill is $3,610, notably higher than the national median of $2,400. Factors influencing the tax bill include property location, size, and improvements, as well as local government budget requirements. For homeowners, this means that property taxes can significantly impact their annual expenses.
Homeowners in Esperance can benefit from Ownwell's property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help reduce over-assessed values, leading to potential savings on tax bills. With expertise in navigating local tax regulations, Ownwell ensures that homeowners pay only what is fair, potentially lowering their financial burden and providing peace of mind.
Median Esperance Tax Bill
$3,610
Median Montgomery County Tax Bill
$2,451
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Esperance, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12066 | $1,064 | $2,059 | $3,610 | $5,311 | $7,004 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Montgomery Assessment Review Commission | |
| Website | www.co.montgomery.ny.us |