Preston Hollow, Schoharie County, New York Property Taxes
Median Preston Hollow, NY effective property tax rate: 3.15%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Preston Hollow, NY home value: $131,724
Median annual Preston Hollow, NY tax bill: $3,620, $1,220 higher than the national median property tax bill of $2,400.
How are property taxes in Schoharie calculated?
Property taxes in Preston Hollow, 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 Preston Hollow’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Preston Hollow, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Preston Hollow, Schoharie County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.15%
Estimate Property Tax Bill
$4,149
$3,850
Property Tax Rates Across Preston Hollow, Schoharie County, New York
Local government entities set tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
Preston Hollow in Schoharie County, NY, has an effective property tax rate of 3.15%, which is notably higher than the national median of 1.02%. This rate stands out even within New York, where Preston Hollow shares the highest median property tax rate in the state. This means homeowners in Preston Hollow may face higher tax bills compared to other regions, with the national median property tax bill being $2,400. When considering property purchases or tax appeals, understanding these rates is crucial for financial planning.
Comparing Preston Hollow’s rate to other cities in New York and the U.S. highlights the importance of local tax dynamics in property ownership and investment decisions.
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 Preston Hollow Tax Rate
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 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 Preston Hollow, Schoharie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12469 | 2.36% | 2.36% | 3.15% | 3.15% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Preston Hollow, Schoharie County, New York
When examining property taxes in Preston Hollow, 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 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 Preston Hollow. For example, the median home price in Preston Hollow is $131,724, with tax bills ranging significantly across the county. Zip code 12469 has the highest median home price at $131,724.
Property Tax Assessment Values Across Preston Hollow, Schoharie County, New York
Source: Ownwell
$89,166
$148,750
$208,333
Median Preston Hollow Market Value
$131,724
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 Preston Hollow, Schoharie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12469 | $53,380 | $80,460 | $131,724 | $194,828 | $294,713 |
Source: Ownwell
Property Tax Bills Across Preston Hollow, Schoharie County, New York
Property Tax Bills Across Preston Hollow, Schoharie County, New York
Source: Ownwell
$1,884
$3,896
$5,908
Median Preston Hollow Tax Bill
$3,620
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 Preston Hollow, Schoharie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12469 | $1,427 | $2,427 | $3,620 | $5,503 | $7,498 |
Source: Ownwell