Fort Johnson, New York Property Taxes
The median property tax rate in Fort Johnson, NY is 2.50%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Fort Johnson at $93,750, the typical annual property tax bill reaches $2,463, which is close to the national median of $2,690. Property taxes in Fort Johnson 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 Fort Johnson'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 Fort Johnson 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
Fort Johnson, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.5%
Estimate Property Tax Bill
$2,344
$2,317
Ownwell’s FORT JOHNSON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT JOHNSON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT JOHNSON 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 Fort Johnson, New York
Property taxes in Fort Johnson, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Johnson is 2.50%, significantly higher than both the New York state median of 1.23% and the U.S. national median of 0.99%. Local government entities within Fort Johnson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Johnson 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 Fort Johnson's effective property tax rate to other counties in New York and the national median. For comparison, the 12070 zip code has the highest median property tax rate of 2.50%, while the 12070 zip code also has the lowest median tax rate of 2.50%. Understanding how these cities compare with Fort Johnson 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 Fort Johnson Tax Rate
2.50%
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 Fort Johnson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12070 | 1.60% | 2.11% | 2.50% | 2.76% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Fort Johnson, New York
In Fort Johnson, 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 Fort Johnson, 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 Fort Johnson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,463, found in the 12070 zip code, which also has the lowest median tax bill of $2,463.
Average Fort Johnson Assessed Value
$93,750
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 Fort Johnson, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12070 | $52,812 | $71,344 | $93,750 | $152,500 | $250,000 |
Source: Ownwell
Property Tax Bills Across Fort Johnson, New York
In Fort Johnson, located in Montgomery County, NY, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The median home price in this area is $93,750, and the property tax rate significantly influences the final tax bill. Homeowners in Fort Johnson can expect property tax bills ranging from $1,655 at the 25th percentile to $3,637 at the 75th percentile, with the 90th percentile reaching up to $5,709. The highest and lowest median tax bills in the county are both $2,463, specifically in the 12070 zip code. Several factors contribute to the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. This system ensures that property taxes are proportional to the value of the property, affecting homeowners by requiring them to budget for these expenses annually. Compared to the national median property tax rate of 0.99%, Fort Johnson's rates can be seen as relatively high, emphasizing the importance for homeowners to understand their tax obligations.
Average Fort Johnson Tax Bill
$2,463
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 Fort Johnson, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12070 | $1,058 | $1,655 | $2,463 | $3,637 | $5,709 |
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 |