Putnam County, New York Property Taxes
The median property tax rate in Putnam County is 3.27%, which is significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Putnam County at $378,400, the typical annual property tax bill reaches $11,749, far exceeding the national median of $2,690. Property taxes in Putnam County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Putnam County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Carmel or another part of Putnam County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Putnam County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.27%
Estimate Property Tax Bill
$12,374
$11,482
Ownwell's Putnam County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Putnam County with just two simple data points. By entering your property's estimated assessed value, our calculator applies the median tax rate specific to Putnam County to provide a clear estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan and budget. Additionally, if you are interested in exploring property tax trends at a more granular level, scroll down to access detailed information on a city-by-city basis. Your property's assessed value is determined by the county and incorporates any applicable exemptions.
Property Tax Rates Across Putnam County, New York
Property taxes in Putnam County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Putnam County is 3.27%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Putnam County set these rates annually, and they can vary significantly between different areas within the county. Each year, Putnam County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Putnam County's effective property tax rate with other areas and the national median. For comparison, the city of Patterson has one of the higher property tax rates in the region at 3.62%, while the city of Mahopac Falls boasts one of the lowest at 0.75%. Analyzing how Putnam County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Putnam County Tax Rate
3.27%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Putnam County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brewster | 2.63% | 3.29% | 3.37% | 3.40% | 3.63% |
| Carmel | 3.01% | 3.36% | 3.46% | 3.74% | 3.74% |
| Cold Spring | 2.27% | 2.42% | 2.45% | 2.87% | 2.87% |
| Cortlandt Manor | N/A | N/A | N/A | N/A | N/A |
| Fishkill | N/A | N/A | N/A | N/A | N/A |
| Garrison | 1.55% | 1.57% | 1.57% | 2.78% | 2.78% |
| Holmes | 3.21% | 3.36% | 3.36% | 3.36% | 3.37% |
| Hopewell Junction | 2.56% | 3.31% | 3.37% | 3.37% | 3.37% |
| Kent Lakes | N/A | N/A | N/A | N/A | N/A |
| Lake Peekskill | 3.38% | 3.47% | 3.47% | 3.47% | 3.47% |
| Mahopac | 2.94% | 3.02% | 3.06% | 3.17% | 3.35% |
| Mahopac Falls | N/A | N/A | N/A | N/A | N/A |
| Nelsonville | N/A | N/A | N/A | N/A | N/A |
| Patterson | 3.10% | 3.36% | 3.62% | 3.76% | 3.82% |
| Putnam Valley | 1.19% | 2.93% | 3.06% | 3.12% | 3.27% |
| Shrub Oak | N/A | N/A | N/A | N/A | N/A |
| Stormville | 3.12% | 3.36% | 3.36% | 3.37% | 3.37% |
Source: Ownwell
Property Tax Assessment Values Across Putnam County, New York
In Putnam County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Putnam County Appraisal District. The assessed value, however, 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. Assessment notices in Putnam County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Shrub Oak has the highest median tax bill at $16,757, while Cortlandt Manor has the lowest at $165. Being aware of these valuation processes in Putnam County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Putnam County, New York
Source: Ownwell
$271,900
$403,018
$534,136
Average Putnam County Assessed Value
$378,400
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Putnam County, New York
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brewster | $220,000 | $300,000 | $376,500 | $492,300 | $656,700 |
| Carmel | $163,680 | $230,108 | $312,545 | $408,602 | $554,620 |
| Cold Spring | $210,928 | $353,367 | $464,828 | $601,906 | $799,085 |
| Cortlandt Manor | N/A | N/A | N/A | N/A | N/A |
| Fishkill | N/A | N/A | N/A | N/A | N/A |
| Garrison | $333,876 | $386,150 | $534,136 | $861,754 | $1,216,905 |
| Holmes | $253,047 | $304,421 | $390,084 | $512,425 | $584,032 |
| Hopewell Junction | $258,208 | $300,418 | $388,292 | $500,418 | $776,583 |
| Kent Lakes | N/A | N/A | N/A | N/A | N/A |
| Lake Peekskill | $204,740 | $235,000 | $271,900 | $324,000 | $372,420 |
| Mahopac | $228,680 | $340,200 | $421,500 | $493,400 | $612,700 |
| Mahopac Falls | N/A | N/A | N/A | N/A | N/A |
| Nelsonville | N/A | N/A | N/A | N/A | N/A |
| Patterson | $173,600 | $230,200 | $298,400 | $405,600 | $528,600 |
| Putnam Valley | $238,120 | $326,700 | $412,700 | $508,700 | $639,420 |
| Shrub Oak | N/A | N/A | N/A | N/A | N/A |
| Stormville | $293,070 | $326,643 | $412,186 | $510,872 | $626,523 |
Source: Ownwell
Property Tax Bills Across Putnam County, New York
In Putnam County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the county is $378,400, and the property tax rate is applied to this value to determine the homeowner's tax liability. Various factors influence the final tax bill, including the home's assessed value, local government budgets, and specific exemptions or deductions that may apply. Homeowners in Putnam County face a wide range of tax bills. For instance, the 25th percentile tax bill is $8,818, while the 75th percentile tax bill is $14,878. At the higher end, the 90th percentile tax bill reaches $19,068. Notably, the city of Shrub Oak has the highest median tax bill at $16,757, whereas Cortlandt Manor has the lowest at $165. These figures highlight the significant variability in property tax burdens within the county, impacting homeowners differently based on their property's assessed value and location.
Average Putnam County Tax Bill
$11,749
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Putnam County, New York
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brewster | $6,300 | $9,618 | $12,308 | $16,164 | $21,012 |
| Carmel | $4,801 | $7,771 | $10,629 | $13,700 | $17,946 |
| Cold Spring | $3,715 | $8,520 | $11,710 | $15,917 | $21,267 |
| Cortlandt Manor | N/A | N/A | N/A | N/A | N/A |
| Fishkill | N/A | N/A | N/A | N/A | N/A |
| Garrison | $6,912 | $8,946 | $10,894 | $13,968 | $18,732 |
| Holmes | $7,799 | $9,818 | $12,347 | $16,663 | $19,490 |
| Hopewell Junction | $8,336 | $9,915 | $12,324 | $15,353 | $22,814 |
| Kent Lakes | N/A | N/A | N/A | N/A | N/A |
| Lake Peekskill | $6,823 | $8,048 | $9,284 | $11,149 | $12,652 |
| Mahopac | $6,552 | $10,536 | $12,971 | $15,176 | $18,588 |
| Mahopac Falls | N/A | N/A | N/A | N/A | N/A |
| Nelsonville | N/A | N/A | N/A | N/A | N/A |
| Patterson | $4,919 | $8,129 | $10,390 | $13,948 | $17,876 |
| Putnam Valley | $3,847 | $8,559 | $12,243 | $15,194 | $19,369 |
| Shrub Oak | N/A | N/A | N/A | N/A | N/A |
| Stormville | $9,207 | $10,280 | $13,866 | $17,060 | $21,077 |
Source: Ownwell