Fultonham, Schoharie County, New York Property Taxes

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

Median FULTONHAM, NY effective property tax rate: 2.96%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median FULTONHAM, NY home value: $110,392
Median annual FULTONHAM, NY tax bill: $3,218, $818 higher than the national median property tax bill of $2,400.

How are property taxes in Schoharie calculated?

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

Last Updated March 1, 2025

Fultonham, Schoharie County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.96%

Estimate Property Tax Bill

$3,268

$3,032

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

Property Tax Rates Across Fultonham, Schoharie County, New York

Local government entities set property tax rates, and these can vary significantly within a state. This variance is because each county estimates its annual budget to provide essential services and divides this by the total assessed value of all taxable property within its boundaries. This calculation determines the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is the basic annual process.

Fultonham in Schoharie County, NY, has an effective property tax rate of 2.96%, which is significantly higher than the national median property tax rate of 1.02%. This means homeowners in Fultonham face a property tax bill that is considerably above the national median of $2,400. The uniformity of the tax rate across the county underscores the importance of understanding local tax dynamics, as these rates directly impact homeowners' financial obligations. By comparing Fultonham’s effective property tax rate to other areas, homeowners can gain insights into how their property taxes measure up within the state and nationally.

Property Tax Rates Across Fultonham, Schoharie County, New York

Source: Ownwell

2.15%

2.65%

3.15%

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 Fultonham Tax Rate

2.96%

Median Effective Schoharie County Tax Rate

2.84%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fultonham, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12071	2.70%	2.96%	2.96%	2.96%	2.99%

Source: Ownwell

Property Tax Assessment Values Across Fultonham, Schoharie County, New York

When examining property taxes in Fultonham, 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 Schoharie 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 Schoharie 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 Fultonham. For example, the median home price in Fultonham is $110,392, with tax bills ranging significantly across the county. Zip code 12071 has the highest median home price at $110,392.

Property Tax Assessment Values Across Fultonham, Schoharie County, New York

Source: Ownwell

$89,166

$148,750

$208,333

Median Fultonham Market Value

$110,392

Median Schoharie County Market Value

$130,625

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fultonham, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12071	$34,592	$75,294	$110,392	$156,667	$232,992

Source: Ownwell

Property Tax Bills Across Fultonham, Schoharie County, New York

In Fultonham, Schoharie County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in this region face a median property tax bill of $3,218, which is notably higher than the national median of $2,400. This discrepancy highlights the importance of understanding how tax bills are determined. The assessed value of a property is influenced by factors such as location, size, and market conditions. These assessments are then multiplied by the local tax rate to determine the final tax bill. For homeowners, this can mean a significant financial burden, especially when local rates exceed the national average. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and secure exemptions. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they only pay their fair share. Ownwell's services can lead to substantial savings, alleviating some of the financial pressures associated with homeownership in Fultonham.

Property Tax Bills Across Fultonham, Schoharie County, New York

Source: Ownwell

$1,884

$3,896

$5,908

Median Fultonham Tax Bill

$3,218

Median Schoharie County Tax Bill

$3,729

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Fultonham, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12071	$971	$2,068	$3,218	$4,597	$6,903

Source: Ownwell