Hammondsport, Steuben County, New York Property Taxes

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

Median Hammondsport, NY effective property tax rate: 1.76%, 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: $178,495
Median annual Hammondsport, NY tax bill: $3,205, $805 higher than the national median property tax bill of $2,400.

How are property taxes in Steuben 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, Steuben County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.76%

Estimate Property Tax Bill

$3,142

$2,915

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 Steuben County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hammondsport, Steuben County, New York

Local government entities set tax rates, which can vary widely within a state. This is because annually, each 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. Below, you can compare Hammondsport’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Hammondsport, located in Steuben County, has a median property tax rate of 1.76%. This is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Hammondsport is consistent across the area, with both the highest and lowest median tax rates recorded at 1.76% in the 14840 zip code. This consistency within the region reflects the local government's approach to budgeting and taxation, which can impact homeowners' financial planning and property values.

Property Tax Rates Across Hammondsport, Steuben County, New York

Source: Ownwell

1.65%

2.65%

3.64%

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

1.76%

Median Effective Steuben 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 Hammondsport, Steuben County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14840	1.65%	1.65%	1.76%	2.13%	2.13%

Source: Ownwell

Property Tax Assessment Values Across Hammondsport, Steuben 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 Steuben County assessment office 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 Steuben 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 Hammondsport. For example, the median home price in Hammondsport is $178,495, with tax bills ranging significantly across the county. ZIP code 14840 has the highest median home price at $178,495.

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

Source: Ownwell

$72,993

$216,297

$359,600

Median Hammondsport Market Value

$178,495

Median Steuben County Market Value

$102,326

Median New York Market Value

$255,644

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14840	$41,740	$92,903	$178,495	$370,900	$586,160

Source: Ownwell

Property Tax Bills Across Hammondsport, Steuben County, New York

In Hammondsport, Steuben County, NY, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by local assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. Homeowners in Hammondsport face a median property tax bill of $3,205, which is higher than the national median of $2,400. With a tax bill at the 90th percentile reaching $10,633, some homeowners may find their property taxes to be a significant financial burden.

Ownwell can help homeowners in Hammondsport by providing property tax appeal and exemption services. By analyzing the property's assessed value and market conditions, Ownwell identifies opportunities to appeal for a lower assessment, potentially reducing the tax bill. This service not only helps homeowners save money but also ensures they are paying a fair amount in property taxes.

Property Tax Bills Across Hammondsport, Steuben County, New York

Source: Ownwell

$1,758

$4,662

$7,565

Median Hammondsport Tax Bill

$3,205

Median Steuben County Tax Bill

$2,992

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Hammondsport, Steuben County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14840	$780	$1,638	$3,205	$6,710	$10,633

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Steuben Assessment Review Commission
Website	imo.steubencountyny.gov