Hopewell Junction, Putnam County, New York Property Taxes

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

Median Hopewell Junction, NY effective property tax rate: 3.37%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Hopewell Junction, NY home value: $388,292
Median annual Hopewell Junction, NY tax bill: $12,324, $9,924 higher than the national median property tax bill of $2,400.

How are property taxes in Putnam calculated?

Property taxes in Hopewell Junction, 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 Hopewell Junction’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hopewell Junction, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hopewell Junction, Putnam County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.37%

Estimate Property Tax Bill

$13,085

$12,143

Ownwell’s Hopewell Junction Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hopewell Junction with just two data points. By entering your property's estimated assessed value, our calculator applies Hopewell Junction’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 Hopewell Junction, Putnam 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.

Hopewell Junction in Putnam County, NY, showcases a property tax rate that stands out in comparison to other cities in New York. With a median tax rate of 3.37%, this rate is significantly higher than the national median property tax rate of 1.02%. This might come as a surprise to many homeowners, especially when compared to the national median property tax bill of $2,400.

Understanding these disparities is crucial for homeowners in Hopewell Junction as they navigate their financial responsibilities. By being informed, property owners can make educated decisions about their investments and possibly seek exemptions or appeals to manage their tax burdens effectively.

Property Tax Rates Across Hopewell Junction, 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 Hopewell Junction Tax Rate

3.37%

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 Hopewell Junction, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12533	2.56%	3.31%	3.37%	3.37%	3.37%

Source: Ownwell

Property Tax Assessment Values Across Hopewell Junction, Putnam County, New York

When examining property taxes in Hopewell Junction, 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 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 Hopewell Junction. For example, the median home price in Hopewell Junction is $388,292, with tax bills ranging significantly across the county. Zip code 12533 has the highest median home price at $388,292.

Property Tax Assessment Values Across Hopewell Junction, Putnam County, New York

Source: Ownwell

$271,900

$403,018

$534,136

Median Hopewell Junction Market Value

$388,292

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 Hopewell Junction, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12533	$258,208	$300,418	$388,292	$500,418	$776,583

Source: Ownwell

Property Tax Bills Across Hopewell Junction, Putnam County, New York

In Hopewell Junction, Putnam County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this area face a median property tax bill significantly higher than the national average, with figures reaching up to $12,324. This disparity is due in part to the area's higher median home price of $388,292. Factors influencing property tax bills include the property's assessed value, local government budgets, and school funding requirements. High property taxes can strain homeowners, making it essential to explore potential savings.

Ownwell assists homeowners by identifying potential discrepancies in property assessments and filing appeals when necessary. By leveraging expert knowledge of local tax codes and assessment practices, Ownwell helps ensure homeowners are not overpaying on their property taxes. This service can lead to substantial savings, reducing the financial burden on households. With Ownwell's guidance, homeowners in Hopewell Junction can navigate the complexities of property taxes with greater confidence and ease.

Property Tax Bills Across Hopewell Junction, Putnam County, New York

Source: Ownwell

$9,284

$11,575

$13,866

Median Hopewell Junction Tax Bill

$12,324

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 Hopewell Junction, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12533	$8,336	$9,915	$12,324	$15,353	$22,814

Source: Ownwell