Hagaman, Montgomery County, New York Property Taxes
Median Hagaman, NY effective property tax rate: 2.34%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Hagaman, NY home value: $116,250
Median annual Hagaman, NY tax bill: $2,616, $216 higher than the national median property tax bill of $2,400.
How are property taxes in Montgomery calculated?
Property taxes in Hagaman, 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 Hagaman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hagaman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hagaman, Montgomery County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.34%
Estimate Property Tax Bill
$2,720
$2,524
Property Tax Rates Across Hagaman, 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 Hagaman, located in Montgomery County, NY, property tax rates reflect the community's budgetary needs and the total assessed property value. The effective property tax rate in Hagaman is 2.34%, which is significantly higher than the national median property tax rate of 1.02%. This means that homeowners in Hagaman pay more in property taxes compared to the national average. Comparing this to other cities in New York, Hagaman's tax rate stands out as one of the highest in the state, matching the highest median tax rate of 2.34% found in the zip code 12086. Understanding these rates can be crucial for homeowners looking to manage their property tax liabilities 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 Hagaman Tax Rate
2.34%
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 Hagaman, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12086 | 1.33% | 1.87% | 2.34% | 2.73% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Hagaman, Montgomery County, New York
When examining property taxes in Hagaman, 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 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 Hagaman.
For example, the median home price in Hagaman is $116,250, with tax bills ranging significantly across the county. Zip code 12086 has the highest median home price at $116,250.
Property Tax Assessment Values Across Hagaman, Montgomery County, New York
Source: Ownwell
$61,639
$120,605
$179,570
Median Hagaman Market Value
$116,250
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 Hagaman, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12086 | $59,188 | $82,500 | $116,250 | $171,406 | $213,250 |
Source: Ownwell
Property Tax Bills Across Hagaman, Montgomery County, New York
Median Hagaman Tax Bill
$2,616
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 Hagaman, Montgomery County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12086 | $984 | $1,678 | $2,616 | $3,861 | $5,287 |
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 |