Hammondsport, Schuyler County, New York Property Taxes

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

Median Hammondsport, NY effective property tax rate: 1.85%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Hammondsport, NY home value: $220,500
Median annual Hammondsport, NY tax bill: $3,968, $1,568 higher than the national median property tax bill of $2,400.

How are property taxes in Schuyler calculated?

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

Last Updated March 1, 2025

Hammondsport, Schuyler County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.85%

Estimate Property Tax Bill

$4,079

$3,785

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

Property Tax Rates Across Hammondsport, Schuyler County, New York

Local government entities in New York set tax rates, which can vary widely within the state. Each year, Schuyler County estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Hammondsport, located in Schuyler County, the effective property tax rate is 1.85%. This rate is significantly higher than the national median property tax rate of 1.02%. The median property tax rate in New York is also 1.85%, which indicates that Hammondsport is in line with the state average. However, it remains higher than the national median, which could impact property owners' decisions when considering the overall cost of living in the area. Understanding these rates is crucial for homeowners who are looking to manage their property tax liabilities effectively.

Property Tax Rates Across Hammondsport, Schuyler County, New York

Source: Ownwell

1.80%

2.62%

3.45%

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 Hammondsport Tax Rate

1.85%

Median Effective Schuyler County Tax Rate

2.27%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hammondsport, Schuyler County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14840	1.69%	1.83%	1.85%	1.87%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Hammondsport, Schuyler County, New York

When examining property taxes in Hammondsport, 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 Schuyler 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 Schuyler 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 Hammondsport.

For example, the median home price in Hammondsport is $220,500, with tax bills ranging significantly across the county. Zip code 14840 has the highest median home price at $220,500.

Property Tax Assessment Values Across Hammondsport, Schuyler County, New York

Source: Ownwell

$86,000

$153,250

$220,500

Median Hammondsport Market Value

$220,500

Median Schuyler County Market Value

$150,000

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hammondsport, Schuyler County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14840	$121,200	$171,750	$220,500	$293,750	$327,400

Source: Ownwell

Property Tax Bills Across Hammondsport, Schuyler County, New York

In Hammondsport, located in Schuyler County, NY, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $220,500, homeowners in this region experience a property tax bill that can vary significantly. For example, tax bills range from the 25th percentile at $3,156 to the 90th percentile reaching $5,936. The median tax bill in the area is notably higher than the national median of $2,400, reflecting the local tax rate's impact on homeowners. Factors influencing these bills include property location, size, and improvements, which can lead to substantial variations in tax amounts. Homeowners often feel the financial strain, with tax bills in the highest and lowest zip codes, both at $3,968, underscoring the uniformity of tax assessments in the area. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burden and ensuring they only pay their fair share.

Property Tax Bills Across Hammondsport, Schuyler County, New York

Source: Ownwell

$1,632

$3,078

$4,524

Median Hammondsport Tax Bill

$3,968

Median Schuyler County Tax Bill

$3,536

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Hammondsport, Schuyler County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14840	$2,018	$3,156	$3,968	$5,333	$5,936

Source: Ownwell