Richmondville, Schoharie County, New York Property Taxes
Median Richmondville, NY effective property tax rate: 3.14%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Richmondville, NY home value: $122,618
Median annual Richmondville, NY tax bill: $3,941, $1,541 higher than the national median property tax bill of $2,400.
How are property taxes in Schoharie County calculated?
Property taxes in Richmondville, 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 Richmondville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richmondville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Richmondville, Schoharie County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.14%
Estimate Property Tax Bill
$3,850
$3,573
Property Tax Rates Across Richmondville, Schoharie County, New York
Local government entities are responsible for setting tax rates, which can differ significantly across a state. This variation occurs because each county annually calculates the budget needed to provide essential services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. While voting and legislation play roles in determining tax rates and budgets, this is the fundamental process followed each year.
In Richmondville, located in Schoharie County, the effective property tax rate stands at 3.14%, which is notably higher than both the state and national medians. Compared to the national median property tax rate of 1.02%, Richmondville’s rate is significantly above average, reflecting the local fiscal policies and budgetary needs. This high rate has implications for property owners, influencing the overall cost of homeownership in the area. Understanding these rates is crucial for residents and prospective buyers, as it affects financial planning and property investment decisions. Comparing Richmondville’s tax rate to those in other New York cities and nationwide provides valuable context for understanding the local property tax landscape.
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 Richmondville Tax Rate
3.14%
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 Richmondville, Schoharie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12149 | 2.91% | 3.09% | 3.14% | 3.14% | 3.44% |
Source: Ownwell
Property Tax Assessment Values Across Richmondville, Schoharie County, New York
When examining property taxes in Richmondville, 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 Richmondville.
For example, the median home price in Richmondville is $122,618, with tax bills ranging significantly across the county. Zip code 12149 has the highest median home price at $122,618.
Property Tax Assessment Values Across Richmondville, Schoharie County, New York
Source: Ownwell
$89,166
$148,750
$208,333
Median Richmondville Market Value
$122,618
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 Richmondville, Schoharie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12149 | $42,353 | $80,742 | $122,618 | $170,072 | $231,992 |
Source: Ownwell
Property Tax Bills Across Richmondville, Schoharie County, New York
Property Tax Bills Across Richmondville, Schoharie County, New York
Source: Ownwell
$1,884
$3,896
$5,908
Median Richmondville Tax Bill
$3,941
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 Richmondville, Schoharie County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12149 | $1,284 | $2,463 | $3,941 | $5,360 | $7,197 |
Source: Ownwell