Cooperstown, Otsego County, New York Property Taxes
Median Cooperstown, NY effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Cooperstown, NY home value: $242,300
Median annual Cooperstown, NY tax bill: $1,028, $1,372 lower than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Cooperstown, 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 Cooperstown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cooperstown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cooperstown, Otsego County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.38%
Estimate Property Tax Bill
$921
$854
Property Tax Rates Across Cooperstown, Otsego County, New York
Local government entities determine tax rates, and these can differ significantly across a state. Each year, counties like Otsego in New York calculate their necessary budget for services and then divide this by the total value of all taxable properties in their area, resulting in the property tax rate. This annual process, while involving votes and legislation, essentially sets the stage for property taxation.
In Cooperstown, located in Otsego County, the effective property tax rate is 0.38%, which is notably lower than the New York state median and the national median property tax rate of 1.02%. This makes Cooperstown an attractive place for property owners looking to benefit from lower property taxes. Compared to the national median property tax bill of $2,400, property owners in Cooperstown can expect to pay less, making it a financially appealing option for those considering relocation or investment. Understanding these local nuances can be crucial for property owners seeking to manage their 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 Cooperstown Tax Rate
0.38%
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 Otsego County Tax Rate
0.66%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cooperstown, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13326 | 0.33% | 0.34% | 0.38% | 0.52% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Cooperstown, Otsego County, New York
When examining property taxes in Cooperstown, 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 Otsego 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 Otsego 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 Cooperstown.
For example, the median home price in Cooperstown is $242,300, with tax bills ranging significantly across the county. Zip code 13326 has the highest median home price at $242,300.
Property Tax Assessment Values Across Cooperstown, Otsego County, New York
Source: Ownwell
$80,943
$161,622
$242,300
Median Cooperstown Market Value
$242,300
Median Otsego County Market Value
$130,728
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cooperstown, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13326 | $86,182 | $154,164 | $242,300 | $366,434 | $549,746 |
Source: Ownwell
Property Tax Bills Across Cooperstown, Otsego County, New York
In Cooperstown, 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 Cooperstown is $242,300. Property tax rates are applied to this assessed value to calculate the tax bill. Factors such as location, property size, and market trends influence the assessed value. In Otsego County, where Cooperstown is located, the median property tax bill is $1,028, which is significantly below the national median of $2,400. However, tax bills can vary, with the 25th percentile at $740 and the 90th percentile reaching $2,014. These taxes can represent a substantial financial burden for homeowners, impacting their overall cost of living.
Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments. By ensuring that properties are fairly assessed, Ownwell can potentially reduce the tax burden. This service can lead to significant savings, allowing homeowners to allocate their resources more efficiently.
Median Cooperstown Tax Bill
$1,028
Median Otsego County Tax Bill
$1,051
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Cooperstown, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13326 | $526 | $740 | $1,028 | $1,503 | $2,014 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Otsego Assessment Review Commission | |
| Website | otsegocountygis.mapxpress.net |