Hagaman, Montgomery County, New York Property Taxes

Name: Property Tax Bills Across Hagaman, Montgomery County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$2,720

$2,524

Ownwell’s Hagaman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hagaman with just two data points. By entering your property's estimated assessed value, our calculator applies Hagaman’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Montgomery County. For those interested in more localized information, please scroll down to explore city-level trends!

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.

Property Tax Rates Across Hagaman, Montgomery County, New York

Source: Ownwell

1.40%

2.25%

3.11%

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%

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

In Hagaman, located in Montgomery County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and reflects a percentage of the property's market value. Homeowners in Hagaman face a median tax bill of $2,616, which is slightly above the national median of $2,400. This indicates a higher-than-average property tax burden compared to the national median rate of 1.02%. Factors such as local government budgets, school funding, and public services influence the tax rate, ultimately affecting the tax bill. For homeowners, this can mean a significant financial obligation, impacting monthly budgets and long-term financial planning. Ownwell provides a valuable service by assisting homeowners in appealing their property tax assessments and identifying potential exemptions. By leveraging expert knowledge and experience, Ownwell can help reduce property tax bills, offering significant savings and easing the financial burden on homeowners in Hagaman.

Property Tax Bills Across Hagaman, Montgomery County, New York

Source: Ownwell

$1,065

$2,649

$4,232

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

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Dates

Links
Montgomery Assessment Review Commission
Website	www.co.montgomery.ny.us