Property Taxes in Wells, New York
Median Wells, New York effective property tax rate: 1.52%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Wells, New York home value: $160,000
Median annual Wells, New York tax bill: $2,412, $12 higher and higher than the national median property tax bill of $2,400.
How are property taxes in Hamilton calculated?
Property taxes in Wells, New York 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 Wells's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wells, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Wells Property Tax Calculator Work?
Use this Wells property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wells's median effective tax rate of 1.52% — based on actual property records in Hamilton County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wells's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Wells: rates range from 1.52% in 12190 to 1.52% in 12190, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Wells.
About Wells Property Taxes
About Property Taxes in Wells, Hamilton, New York
Wells’s median effective property tax rate of 1.52% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Hamilton County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Wells. Homeowners in the 12190 ZIP code carry a median effective rate of 1.52%, while those in the same ZIP code pay 1.52%. This spread reflects how school district boundaries and local assessment districts are drawn across Hamilton County. Understanding which part of Wells you live in can make a meaningful difference to your annual tax bill.
Wells homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission before the May 26, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Wells, Hamilton County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? 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 Wells's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Wells Tax Rate
1.52%
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 Hamilton County Tax Rate
1.34%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Wells, Hamilton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12190 | 1.52% | 1.52% | 1.52% | 1.52% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Wells, Hamilton County, New York
When examining property taxes in Wells, New York, 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.
Assessment notices:
In Hamilton County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For example, the median home price in Wells is $160,000, with tax bills ranging significantly across the county. 12190 has the highest median home price at $160,000.
Property Tax Assessment Values Across Wells, Hamilton County, New York
Source: Ownwell
$65,900
$230,319
$394,737
Median Wells Market Value
$160,000
Median Hamilton County Market Value
$223,000
Median New York Market Value
$312,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Wells, Hamilton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12190 | $62,600 | $96,950 | $160,000 | $239,400 | $332,570 |
Source: Ownwell
Property Tax Bills Across Wells, Hamilton County, New York
Property tax bills in Wells are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. For a home with a median home price of $160,000, the bill can vary widely depending on the property’s assessed value, exemptions, and the specific tax rates applied.
In Wells, the 25th percentile tax bill is $1,453, while the 75th percentile tax bill is $3,601. The 90th percentile tax bill reaches $4,994, showing how much bills can rise for higher-valued homes or properties with fewer exemptions. The median tax bill is $2,412, which is slightly above the national median property tax bill of $2,400.
Homeowners are affected because property taxes are a recurring cost that can change when assessments or tax rates change. Even small differences in assessed value can have a meaningful impact on the final bill, making it important for homeowners to understand how their property is being taxed.
Median Wells Tax Bill
$2,412
Median Hamilton County Tax Bill
$2,672
Median New York Tax Bill
$5,420
Median United States Tax Bill
$3,209
Property Tax Bills Across Wells, Hamilton County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12190 | $954 | $1,453 | $2,412 | $3,601 | $4,994 |
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 |