Hudson Falls, New York Property Taxes
The median property tax rate in Hudson Falls, NY is 2.43%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Hudson Falls, the typical annual property tax bill reaches $3,880, exceeding the national median of $2,690. Property taxes in Hudson Falls are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hudson Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hudson Falls or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hudson Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.43%
Estimate Property Tax Bill
$3,830
$3,787
Ownwell’s Hudson Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson Falls to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hudson Falls, New York
Property taxes in Hudson Falls, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson Falls is 2.43%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Hudson Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson Falls estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hudson Falls' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12839 has the highest median property tax rate of 2.43%, while the same zip code also has the lowest median tax rate of 2.43%. Understanding how these cities compare with Hudson Falls provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hudson Falls Tax Rate
2.43%
Average Washington County Tax Rate
2.41%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12839 | 1.97% | 2.01% | 2.43% | 2.80% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Hudson Falls, New York
In Hudson Falls, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Washington County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hudson Falls, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hudson Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Hudson Falls is $3,880, both found in the 12839 zip code.
Property Tax Assessment Values Across Hudson Falls, New York
Source: Ownwell
$96,720
$606,110
$1,115,500
Average Hudson Falls Assessed Value
$157,600
Average Washington County Assessed Value
$158,585
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hudson Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12839 | $101,700 | $129,450 | $157,600 | $191,650 | $236,300 |
Source: Ownwell
Property Tax Bills Across Hudson Falls, New York
In Hudson Falls, located in Washington County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered during the assessment process. The median home price in Hudson Falls is $157,600, and homeowners typically see tax bills that vary significantly. For instance, the 25th percentile tax bill is around $3,042, while the 75th percentile tax bill reaches approximately $4,624. At the 90th percentile, tax bills can go up to $5,402. Comparatively, the highest and lowest median tax bills in the area are both $3,880, which reflects the tax rate's impact on properties within the same zip code, 12839. These property taxes directly affect homeowners by influencing their overall housing costs. Higher assessed values or tax rates result in higher tax bills, which can impact affordability and long-term financial planning.
Average Hudson Falls Tax Bill
$3,880
Average Washington County Tax Bill
$3,943
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12839 | $2,305 | $3,042 | $3,880 | $4,624 | $5,402 |
Source: Ownwell