Patterson, Putnam County, New York Property Taxes
Median Patterson, NY effective property tax rate: 3.62%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Patterson, NY home value: $298,400
Median annual Patterson, NY tax bill: $10,390, $7,990 higher than the national median property tax bill of $2,400.
How are property taxes in Putnam calculated?
Property taxes in Patterson, 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 Patterson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Patterson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Patterson, Putnam County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.62%
Estimate Property Tax Bill
$10,802
$10,024
Property Tax Rates Across Patterson, Putnam County, New York
Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget it needs to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although the process involves votes and laws, this is essentially how it works each year.
In Patterson, located in Putnam County, New York, the effective property tax rate is 3.62%, which is significantly higher than both the state and national medians. This rate reflects the unique budgetary needs and property values within the county. Comparing Patterson's rate to other cities in New York and the national median can provide valuable insight into how local factors influence property taxes. With the national median property tax rate at 1.02% and the median tax bill at $2400, Patterson's rate highlights the importance of understanding local tax dynamics. By staying informed about these variations, property owners can better navigate the complexities of property taxation and potentially identify opportunities for appeals or exemptions.
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 Patterson Tax Rate
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 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 Patterson, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12563 | 3.10% | 3.36% | 3.62% | 3.76% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Patterson, Putnam County, New York
When examining property taxes in Patterson, 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 Patterson.
For example, the median home price in Patterson is $298,400, with tax bills ranging significantly across the county. Zip code 12563 has the highest median home price at $298,400.
Property Tax Assessment Values Across Patterson, Putnam County, New York
Source: Ownwell
$271,900
$403,018
$534,136
Median Patterson Market Value
$298,400
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 Patterson, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12563 | $173,600 | $230,200 | $298,400 | $405,600 | $528,600 |
Source: Ownwell
Property Tax Bills Across Patterson, Putnam County, New York
In Patterson, located in Putnam County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $298,400, homeowners in Patterson face substantial tax bills, with the 25th percentile tax bill at $8,129 and the 75th percentile reaching $13,948. Notably, the 90th percentile tax bill climbs to $17,876, reflecting the high property tax burden in this area compared to the national median property tax bill of $2,400. Factors influencing these tax bills include local government budgets and the assessed property value. Homeowners in Patterson, particularly those in the 12563 zip code, experience a median tax bill of $10,390, significantly above the national median property tax rate of 1.02%.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services. By leveraging expert knowledge and local insights, Ownwell helps homeowners potentially lower their tax bills, ensuring they do not overpay and can maximize their savings.
Median Patterson Tax Bill
$10,390
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 Patterson, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12563 | $4,919 | $8,129 | $10,390 | $13,948 | $17,876 |
Source: Ownwell