Carmel, Putnam County, New York Property Taxes

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

Median Carmel, NY effective property tax rate: 3.46%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Carmel, NY home value: $312,545. Median annual Carmel, NY tax bill: $10,629, $8,229 higher than the national median property tax bill of $2,400. How are property taxes in Putnam calculated? Property taxes in Carmel, 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 Carmel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Carmel, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Carmel, Putnam County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.46%

Estimate Property Tax Bill

$10,814

$10,035

Ownwell’s Carmel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Carmel with just two data points. By entering your property's estimated assessed value, our calculator applies Carmel’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 Putnam County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Carmel, Putnam County, New York

Local government entities determine tax rates, which can differ significantly within a state. Annually, each county calculates its necessary budget to provide services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the process in a nutshell.

In Carmel, located in Putnam County, New York, the effective property tax rate stands at 3.46%, which is notably higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the total assessed value of properties. Compared to other cities in New York, Carmel’s rate is on the higher end, indicating a significant emphasis on local services and infrastructure funded by property taxes. This rate also exceeds the national median property tax bill of $2400, showcasing the region's commitment to maintaining and enhancing community services. By understanding these differences, property owners in Carmel can better navigate their tax responsibilities and explore potential savings through appeals and exemptions.

Property Tax Rates Across Carmel, Putnam County, New York

Source: Ownwell

1.57%

2.60%

3.62%

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 Carmel Tax Rate

3.46%

Median Effective Putnam County Tax Rate

3.27%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Carmel, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
10512	3.01%	3.36%	3.46%	3.74%	3.74%

Source: Ownwell

Property Tax Assessment Values Across Carmel, Putnam County, New York

When examining property taxes in Carmel, 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 Putnam 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 Putnam County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Carmel. For example, the median home price in Carmel is $312,545, with tax bills ranging significantly across the county. The 10512 zip code has the highest median home price at $312,545.

Property Tax Assessment Values Across Carmel, Putnam County, New York

Source: Ownwell

$271,900

$403,018

$534,136

Median Carmel Market Value

$312,545

Median Putnam County Market Value

$378,400

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Carmel, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
10512	$163,680	$230,108	$312,545	$408,602	$554,620

Source: Ownwell

Property Tax Bills Across Carmel, Putnam County, New York

In Carmel, Putnam County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. Homeowners in Carmel face a significant tax burden, with the median property tax bill reaching $10,629, which is substantially higher than the national median of $2,400. Factors influencing these taxes include the assessed value of the property, which reflects the market conditions and local government budget requirements. Homeowners in the 25th percentile pay around $7,771, while those in the 75th percentile can see bills as high as $13,700. This variance highlights the importance of accurate property assessments. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By ensuring that properties are assessed fairly, Ownwell helps homeowners reduce their tax burden, potentially saving them thousands of dollars annually. Our expert consultants navigate the complexities of property tax regulations, ensuring clients receive the most favorable outcomes.

Property Tax Bills Across Carmel, Putnam County, New York

Source: Ownwell

$9,284

$11,575

$13,866

Median Carmel Tax Bill

$10,629

Median Putnam County Tax Bill

$11,749

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Carmel, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
10512	$4,801	$7,771	$10,629	$13,700	$17,946

Source: Ownwell