Schenevus, Otsego County, New York Property Taxes
Median Schenevus, NY effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Schenevus, NY home value: $110,774
Median annual Schenevus, NY tax bill: $1,386, $1,014 lower than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Schenevus, 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 Schenevus’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Schenevus, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Schenevus, Otsego County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.65%
Estimate Property Tax Bill
$1,828
$1,696
Property Tax Rates Across Schenevus, Otsego County, New York
Local government entities are responsible for setting tax rates, which can differ significantly across regions. This variation arises because each county calculates its required budget for services annually and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in determining tax rates and budgets, this is essentially the yearly process.
In Schenevus, located in Otsego County, NY, the effective property tax rate is considerably higher than the national median of 1.02%. This positions Schenevus among the cities with the highest property tax rates in the state. In contrast, the median property tax rate in New York is also higher than the national average, reflecting the state's higher demand for public services and infrastructure. Property owners in Schenevus may find it beneficial to explore property tax appeal and exemption services to potentially reduce their tax burden. By understanding the factors influencing these rates, property owners can make informed decisions about managing their property taxes 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 Schenevus Tax Rate
1.65%
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 Schenevus, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12155 | 1.65% | 1.65% | 1.65% | 1.65% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Schenevus, Otsego County, New York
When examining property taxes in Schenevus, 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 Schenevus. For example, the median home price in Schenevus is $110,774, with tax bills ranging significantly across the county. Zip code 12155 has the highest median home price at $110,774.
Property Tax Assessment Values Across Schenevus, Otsego County, New York
Source: Ownwell
$80,943
$161,622
$242,300
Median Schenevus Market Value
$110,774
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 Schenevus, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12155 | $43,316 | $70,928 | $110,774 | $168,054 | $237,234 |
Source: Ownwell
Property Tax Bills Across Schenevus, Otsego County, New York
Median Schenevus Tax Bill
$1,386
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 Schenevus, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12155 | $1,386 | $1,386 | $1,386 | $1,386 | $1,386 |
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 |