Fonda, Montgomery County, New York Property Taxes
Median Fonda, NY effective property tax rate: 2.55%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Fonda, NY home value: $126,062
Median annual Fonda, NY tax bill: $3,096, $696 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Fonda, 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 Fonda’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fonda, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fonda, Montgomery County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.55%
Estimate Property Tax Bill
$3,215
$2,983
Property Tax Rates Across Fonda, Montgomery 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 Fonda, located in Montgomery County, the effective property tax rate is significantly higher than the national median of 1.02%. The median property tax rate in New York is 2.55%, which is also the highest in the state. This is a stark contrast to the national median property tax bill of $2400, emphasizing the importance of understanding local tax rates.
For property owners in Fonda, this means potentially higher property tax bills compared to other regions in the U.S. However, with expert guidance and strategic tax appeals, there may be opportunities to reduce these costs. Understanding how these rates are determined and exploring exemption options can be beneficial for homeowners looking to manage their property tax expenses effectively.
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 Fonda Tax Rate
2.55%
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 Fonda, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12068 | 1.82% | 2.18% | 2.55% | 2.77% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Fonda, Montgomery County, New York
When examining property taxes in Fonda, 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 Fonda. For example, the median home price in Fonda is $126,062, with tax bills ranging significantly across the county. 12068 has the highest median home price at $126,062.
Property Tax Assessment Values Across Fonda, Montgomery County, New York
Source: Ownwell
$61,639
$120,605
$179,570
Median Fonda Market Value
$126,062
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 Fonda, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12068 | $50,000 | $82,000 | $126,062 | $177,875 | $237,500 |
Source: Ownwell
Property Tax Bills Across Fonda, Montgomery County, New York
In Fonda, located in Montgomery County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. With a median home price of $126,062, homeowners face a property tax bill that can range significantly. The 25th percentile tax bill is $2,072, which is below the national median tax bill of $2,400. However, at the 75th percentile, the tax bill rises to $4,334, and at the 90th percentile, it reaches $5,855, showcasing a substantial increase. These figures highlight the variability in property tax bills, influenced by factors such as local government budgets and public service funding needs.
Homeowners in Fonda can find relief through Ownwell's property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners potentially reduce their tax liabilities. This service not only saves money but also ensures that homeowners are paying a fair amount. With expert guidance, Ownwell makes navigating the complex property tax landscape more manageable, providing peace of mind and financial savings.
Median Fonda Tax Bill
$3,096
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 Fonda, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12068 | $1,078 | $2,072 | $3,096 | $4,334 | $5,855 |
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 |