Sharon Springs, Schoharie County, New York Property Taxes

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

Median Sharon Springs, NY effective property tax rate: 2.52%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Sharon Springs, NY home value: $124,000
Median annual Sharon Springs, NY tax bill: $3,172, $772 higher than the national median property tax bill of $2,400.

How are property taxes in Schoharie County calculated?

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

Last Updated March 1, 2025

Sharon Springs, Schoharie County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.52%

Estimate Property Tax Bill

$3,125

$2,900

Ownwell’s Sharon Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sharon Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Sharon Springs’ 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 Sharon Springs, Schoharie County, New York

Local government entities in New York set tax rates, which can vary widely within the state. This variation is primarily because each county annually estimates its required budget to provide essential services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is essentially the annual process. In Sharon Springs, Schoharie County, the effective property tax rate stands at 2.52%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent across the county, as both the highest and lowest median tax rates in the area are the same. Comparing Sharon Springs to other cities in New York, this rate is relatively high, reflecting the local budgetary needs and property values. Understanding these rates is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Sharon Springs, 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 Sharon Springs Tax Rate

2.52%

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 Sharon Springs, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13459	2.38%	2.52%	2.52%	2.73%	2.84%

Source: Ownwell

Property Tax Assessment Values Across Sharon Springs, Schoharie County, New York

When examining property taxes in Sharon Springs, 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 Sharon Springs. For example, the median home price in Sharon Springs is $124,000, with tax bills ranging significantly across the county. Zip code 13459 has the highest median home price at $124,000.

Property Tax Assessment Values Across Sharon Springs, Schoharie County, New York

Source: Ownwell

$89,166

$148,750

$208,333

Median Sharon Springs Market Value

$124,000

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 Sharon Springs, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13459	$48,348	$86,957	$124,000	$182,609	$254,191

Source: Ownwell

Property Tax Bills Across Sharon Springs, Schoharie County, New York

In Sharon Springs, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. The tax rate is then applied to this assessed value to determine the tax bill. Homeowners in Sharon Springs can expect a median tax bill of $3,172, which is significantly higher than the national median of $2,400. This discrepancy is due to the local tax rate and property values. Factors such as property size, location, and improvements can influence the assessed value, affecting the tax bill. For homeowners, high property taxes can be burdensome, impacting financial planning and housing affordability. Ownwell can assist homeowners in reducing their property tax bills by identifying potential inaccuracies in assessments and filing appeals. By leveraging expertise in local tax laws and valuation methods, Ownwell helps ensure that homeowners pay only their fair share, potentially saving them hundreds or even thousands of dollars annually.

Property Tax Bills Across Sharon Springs, Schoharie County, New York

Source: Ownwell

$1,884

$3,896

$5,908

Median Sharon Springs Tax Bill

$3,172

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 Sharon Springs, Schoharie County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13459	$1,250	$2,192	$3,172	$4,604	$6,526

Source: Ownwell