Gilboa, Schoharie County, New York Property Taxes

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

Median Gilboa, NY effective property tax rate: 2.24%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%. Median Gilboa, NY home value: $91,954. Median annual Gilboa, NY tax bill: $1,903, $497 lower than the national median property tax bill of $2,400.

How are property taxes in Schoharie calculated?

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

Last Updated March 1, 2025

Gilboa, Schoharie County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.24%

Estimate Property Tax Bill

$2,060

$1,911

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

Property Tax Rates Across Gilboa, Schoharie County, New York

Local government entities in New York set tax rates, which can vary widely within the state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell. Gilboa, located in Schoharie County, has an effective property tax rate that stands out when compared to other cities in New York. With a median property tax rate of 2.24%, Gilboa's rate is significantly higher than the national median of 1.02%. This means that residents in Gilboa may face higher property tax bills compared to the national average, which is $2,400. Understanding these differences can help property owners better navigate their property tax responsibilities and potentially explore opportunities for appeals or exemptions to alleviate their tax burden.

Property Tax Rates Across Gilboa, 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 Gilboa Tax Rate

2.24%

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 Gilboa, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12076	1.97%	1.97%	2.24%	2.24%	2.24%

Source: Ownwell

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

When examining property taxes in Gilboa, 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.

Assessment notices: 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 Gilboa.

For example, the median home price in Gilboa is $91,954, with tax bills ranging significantly across the county. Zip code 12076 has the highest median home price at $91,954.

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

Source: Ownwell

$89,166

$148,750

$208,333

Median Gilboa Market Value

$91,954

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 Gilboa, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12076	$38,805	$63,103	$91,954	$142,529	$207,425

Source: Ownwell

Property Tax Bills Across Gilboa, Schoharie County, New York

In Gilboa, located in Schoharie County, NY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. With the median home price in Gilboa at $91,954, homeowners face varying tax bills. The 25th percentile tax bill is $1,309, while the 75th percentile reaches $2,996, and the 90th percentile can go as high as $4,637. These figures indicate that Gilboa's property taxes can be significantly higher than the national median tax bill of $2,400, affecting homeowners' finances considerably. Ownwell can assist homeowners in Gilboa by providing expert property tax appeal services, potentially lowering their tax bills. Our team analyzes assessments, identifies discrepancies, and files appeals on behalf of homeowners, ensuring they pay only their fair share in property taxes.

Property Tax Bills Across Gilboa, Schoharie County, New York

Source: Ownwell

$1,884

$3,896

$5,908

Median Gilboa Tax Bill

$1,903

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 Gilboa, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12076	$794	$1,309	$1,903	$2,996	$4,637

Source: Ownwell