Putnam Valley, Putnam County, New York Property Taxes
Median Putnam Valley, NY effective property tax rate: 3.06%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Putnam Valley, NY home value: $412,700
Median annual Putnam Valley, NY tax bill: $12,243, $9,843 higher than the national median property tax bill of $2,400.
How are property taxes in Putnam calculated?
Property taxes in Putnam Valley, 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 Putnam Valley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Putnam Valley, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Putnam Valley, Putnam County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.06%
Estimate Property Tax Bill
$12,629
$11,719
Property Tax Rates Across Putnam Valley, Putnam County, New York
Local government entities determine property tax rates, which can significantly differ across a state. This variation arises because each county annually calculates its budgetary needs for public services and divides this amount by the total value of all taxable property within its jurisdiction. The result is the property tax rate. Although the process involves votes and legislation, this is essentially how it unfolds each year.
In Putnam Valley, located in Putnam County, NY, the effective property tax rate is notably higher than the national median of 1.02%. Residents of Putnam Valley face a tax rate of 3.06%, which is the highest in the state. This rate reflects the local government's budgetary requirements and the total assessed property values in the area. Compared to the national median property tax bill of $2400, property owners in Putnam Valley may find their bills significantly higher due to this elevated rate. Understanding these figures can help property owners make informed decisions about their tax obligations and potential appeals.
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 Valley Tax Rate
3.06%
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 Putnam Valley, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10579 | 1.19% | 2.93% | 3.06% | 3.12% | 3.27% |
Source: Ownwell
Property Tax Assessment Values Across Putnam Valley, Putnam County, New York
When examining property taxes in Putnam Valley, 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 Putnam Valley. For example, the median home price in Putnam Valley is $412,700, with tax bills ranging significantly across the county. Zip code 10579 has the highest median home price at $412,700.
Property Tax Assessment Values Across Putnam Valley, Putnam County, New York
Source: Ownwell
$271,900
$403,018
$534,136
Median Putnam Valley Market Value
$412,700
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 Putnam Valley, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10579 | $238,120 | $326,700 | $412,700 | $508,700 | $639,420 |
Source: Ownwell
Property Tax Bills Across Putnam Valley, Putnam County, New York
Median Putnam Valley Tax Bill
$12,243
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 Putnam Valley, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10579 | $3,847 | $8,559 | $12,243 | $15,194 | $19,369 |
Source: Ownwell