Stormville, Putnam County, New York Property Taxes
Median Stormville, NY effective property tax rate: 3.36%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Stormville, NY home value: $412,186
Median annual Stormville, NY tax bill: $13,866, $11,466 higher than the national median property tax bill of $2,400.
How are property taxes in Putnam calculated?
Property taxes in Stormville, 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 Stormville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Stormville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stormville, Putnam County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.36%
Estimate Property Tax Bill
$13,849
$12,852
Property Tax Rates Across Stormville, 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 annually 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.
Below, you can compare Stormville’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Stormville in Putnam County stands out with a median property tax rate of 3.36%, significantly higher than the national median of 1.02%. This high rate reflects the region's commitment to funding local services. However, it also underscores the importance of property tax appeals and exemptions. For homeowners in Stormville, understanding how their tax rate compares to both state and national averages can be crucial in managing their property expenses. By exploring options for appealing property taxes or applying for exemptions, homeowners can potentially reduce their financial burden while still supporting community services.
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 Stormville Tax Rate
3.36%
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 Stormville, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12582 | 3.12% | 3.36% | 3.36% | 3.37% | 3.37% |
Source: Ownwell
Property Tax Assessment Values Across Stormville, Putnam County, New York
When examining property taxes in Stormville, 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 Stormville.
For example, the median home price in Stormville is $412,186, with tax bills ranging significantly across the county. Zip code 12582 has the highest median home price at $412,186.
Property Tax Assessment Values Across Stormville, Putnam County, New York
Source: Ownwell
$271,900
$403,018
$534,136
Median Stormville Market Value
$412,186
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 Stormville, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12582 | $293,070 | $326,643 | $412,186 | $510,872 | $626,523 |
Source: Ownwell
Property Tax Bills Across Stormville, Putnam County, New York
Median Stormville Tax Bill
$13,866
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 Stormville, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12582 | $9,207 | $10,280 | $13,866 | $17,060 | $21,077 |
Source: Ownwell