Lake George, Warren County, New York Property Taxes
Median Lake George, NY effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Lake George, NY home value: $309,400
Median annual Lake George, NY tax bill: $3,789, $1,389 higher than the national median property tax bill of $2,400.
How are property taxes in Warren calculated?
Property taxes in Lake George, 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 Lake George’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake George, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lake George, Warren County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$3,558
$3,302
Property Tax Rates Across Lake George, Warren County, New York
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Lake George, located in Warren County, NY, the effective property tax rate is 1.15%, which is above the national median property tax rate of 1.02%. This rate is consistent across the 12845 zip code, highlighting a uniformity in property tax assessments within this area. When compared to the national median property tax bill of $2,400, property owners in Lake George may find their tax bills slightly higher due to the region's above-average tax rate. Understanding these nuances can help property owners make informed decisions about their tax obligations and potential savings through appeals or exemptions.
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 Lake George Tax Rate
1.15%
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 Warren County Tax Rate
1.79%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lake George, Warren County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12845 | 1.11% | 1.11% | 1.15% | 1.34% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Lake George, Warren County, New York
When examining property taxes in Lake George, 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 Warren 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 Warren 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 Lake George.
For example, the median home price in Lake George is $309,400, with tax bills ranging significantly across the county. Zip code 12845 has the highest median home price at $309,400.
Property Tax Assessment Values Across Lake George, Warren County, New York
Source: Ownwell
$118,200
$555,400
$992,600
Median Lake George Market Value
$309,400
Median Warren County Market Value
$215,800
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lake George, Warren County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12845 | $156,667 | $217,778 | $309,400 | $462,300 | $1,036,658 |
Source: Ownwell
Property Tax Bills Across Lake George, Warren County, New York
Median Lake George Tax Bill
$3,789
Median Warren County Tax Bill
$4,027
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Lake George, Warren County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12845 | $1,935 | $2,744 | $3,789 | $5,677 | $12,135 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Warren Assessment Review Commission | |
| Website | imo.warrencountyny.gov |