Indian Lake, Hamilton County, New York Property Taxes

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

Median Indian Lake, NY effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Indian Lake, NY home value: $167,250
Median annual Indian Lake, NY tax bill: $1,634, $766 lower than the national median property tax bill of $2,400.

How are property taxes in Hamilton calculated?

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

Last Updated March 1, 2025

Indian Lake, Hamilton County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.34%

Estimate Property Tax Bill

$2,889

$2,681

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

Property Tax Rates Across Indian Lake, Hamilton County, New York

Local government entities set property tax rates, and these can vary significantly within a state. This is because each county annually estimates the budget required to provide public services and divides that figure by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play a role in setting tax rates and budgets, this is essentially the process followed each year.

In Indian Lake, located in Hamilton County, NY, the effective property tax rate is a crucial metric for homeowners to consider. When comparing Indian Lake’s tax rate to other cities in New York and the U.S., it’s notable that the local rate aligns closely with the state median yet remains below the national average. The national median property tax rate is 1.02%, with an average bill of $2,400, which serves as a benchmark for comparison. Understanding these rates can provide valuable insights for property owners assessing their financial obligations and potential savings through tax appeal or exemption services.

Property Tax Rates Across Indian Lake, Hamilton County, New York

Source: Ownwell

0.59%

1.35%

2.10%

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 Indian Lake Tax Rate

1.34%

Median Effective Hamilton County Tax Rate

1.34%

Median Effective New York Tax Rate

1.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Indian Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12842	1.22%	1.34%	1.34%	1.48%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Indian Lake, Hamilton County, New York

When examining property taxes in Indian Lake, 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 Hamilton 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 Hamilton 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 Indian Lake.

For example, the median home price in Indian Lake is $167,250, with tax bills ranging significantly across the county. Zip code 12842 has the highest median home price at $167,250.

Property Tax Assessment Values Across Indian Lake, Hamilton County, New York

Source: Ownwell

$65,900

$230,319

$394,737

Median Indian Lake Market Value

$215,600

Median Hamilton County Market Value

$223,000

Median New York Market Value

$312,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Indian Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12842	$83,300	$132,000	$215,600	$355,400	$547,600

Source: Ownwell

Property Tax Bills Across Indian Lake, Hamilton County, New York

In Indian Lake, NY, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in this area is $167,250. Homeowners in Indian Lake can expect a property tax bill around the median of $1,634, which aligns with both the highest and lowest median tax bills in the area, as indicated by the zip code 12842. This is below the national median property tax bill of $2,400. Factors influencing the tax bill include the assessed value of the property and the local tax rate, which can vary annually. Homeowners may find these taxes burdensome, especially if their property is assessed at a higher value than the actual market rate. This is where Ownwell can assist by providing property tax appeal services. Our expertise can help homeowners ensure their property is fairly assessed, potentially lowering their tax bills. By reviewing assessments and filing appeals, Ownwell aims to save homeowners money and alleviate the stress of managing property taxes.

Property Tax Bills Across Indian Lake, Hamilton County, New York

Source: Ownwell

$816

$2,658

$4,499

Median Indian Lake Tax Bill

$2,796

Median Hamilton County Tax Bill

$2,672

Median New York Tax Bill

$5,420

Median United States Tax Bill

$2,400

Property Tax Bills Across Indian Lake, Hamilton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12842	$1,021	$1,731	$2,796	$4,782	$7,347

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates
Appeal Deadline	May 26

Links
Hamilton Assessment Review Commission
Website	beacon.schneidercorp.com