Cambridge, Washington County, New York Property Taxes
Median Cambridge, NY effective property tax rate: 2.51%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Cambridge, NY home value: $165,000
Median annual Cambridge, NY tax bill: $4,444, $2,044 higher than the national median property tax bill of $2,400.
How are property taxes in Washington County calculated?
Property taxes in Cambridge, 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 Cambridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cambridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cambridge, Washington County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.51%
Estimate Property Tax Bill
$4,142
$3,843
Property Tax Rates Across Cambridge, Washington County, New York
Local government entities determine tax rates, leading to significant variation within a state. This is because each county annually estimates its budget needs to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Cambridge, located in Washington County, the effective property tax rate stands out when compared to other cities in New York and the national median. The median property tax rate in New York is significantly higher than the national median of 1.02%. This indicates that property owners in Cambridge may experience a higher tax burden compared to the national average. Understanding these variations is crucial for property owners looking to manage their expenses effectively. By comparing Cambridge's rates to both state and national figures, property owners can better anticipate their tax liabilities and explore 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 Cambridge Tax Rate
2.51%
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 Washington County Tax Rate
2.41%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cambridge, Washington County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12816 | 2.27% | 2.42% | 2.51% | 2.91% | 3.14% |
Source: Ownwell
Property Tax Assessment Values Across Cambridge, Washington County, New York
When examining property taxes in Cambridge, 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 Washington 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.
Assessment notices: In Washington 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 Cambridge. For example, the median home price in Cambridge is $165,000, with tax bills ranging significantly across the county. 12816 has the highest median home price at $165,000.
Property Tax Assessment Values Across Cambridge, Washington County, New York
Source: Ownwell
$96,720
$606,110
$1,115,500
Median Cambridge Market Value
$165,000
Median Washington County Market Value
$158,585
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cambridge, Washington County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12816 | $80,000 | $120,000 | $165,000 | $228,675 | $320,000 |
Source: Ownwell
Property Tax Bills Across Cambridge, Washington County, New York
In Cambridge, Washington County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Cambridge can expect a median property tax bill of $4,444, significantly higher than the national median of $2,400. Factors such as property size, location, and improvements can affect the assessed value, thereby impacting the tax bill. The 25th percentile tax bill is $3,105, while the 75th percentile reaches $5,906, and at the 90th percentile, it can be as high as $7,964, reflecting the varied property values in the area.
Ownwell assists homeowners in Cambridge by offering property tax appeal services, potentially lowering their property tax bills. By analyzing property assessments and identifying discrepancies, Ownwell helps homeowners challenge over-assessed values, ensuring they pay only their fair share. This service can lead to substantial savings, easing the financial burden on homeowners.
Median Cambridge Tax Bill
$4,444
Median Washington County Tax Bill
$3,943
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Cambridge, Washington County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12816 | $2,038 | $3,105 | $4,444 | $5,906 | $7,964 |
Source: Ownwell