Edmeston, Otsego County, New York Property Taxes
Median Edmeston, NY effective property tax rate: 1.63%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Edmeston, NY home value: $138,350
Median annual Edmeston, NY tax bill: $2,166, $234 lower than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Edmeston, 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 Edmeston's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edmeston, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Edmeston, Otsego County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.63%
Estimate Property Tax Bill
$2,255
$2,093
Property Tax Rates Across Edmeston, Otsego County, New York
Local government entities set tax rates, which can vary widely within a state. The reason for this variation is that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting 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.
Edmeston in Otsego County, New York, has a property tax rate that is higher than the national median rate of 1.02%. When compared to other cities within New York, Edmeston's rate reflects the broader trend of higher property tax rates within the state. This is indicative of the state's approach to funding local services and infrastructure through property taxes. Despite variations in tax rates across the state, Edmeston's rate aligns with the county's need to meet budgetary requirements. This underscores the importance of understanding local tax dynamics when assessing property tax obligations.
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 Edmeston Tax Rate
1.63%
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 Otsego County Tax Rate
1.90%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edmeston, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13335 | 1.19% | 1.40% | 1.63% | 1.88% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Edmeston, Otsego County, New York
When examining property taxes in Edmeston, 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 Otsego 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 Otsego County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Edmeston. For example, the median home price in Edmeston is $138,350, with tax bills ranging significantly across the county. Zip code 13335 has the highest median home price at $138,350.
Property Tax Assessment Values Across Edmeston, Otsego County, New York
Source: Ownwell
$93,693
$202,252
$310,811
Median Edmeston Market Value
$138,350
Median Otsego County Market Value
$162,338
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edmeston, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13335 | $41,460 | $85,000 | $138,350 | $191,775 | $286,670 |
Source: Ownwell
Property Tax Bills Across Edmeston, Otsego County, New York
Median Edmeston Tax Bill
$2,166
Median Otsego County Tax Bill
$3,172
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Edmeston, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13335 | $742 | $1,372 | $2,166 | $3,296 | $4,425 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Otsego Assessment Review Commission | |
| Website | otsegocountygis.mapxpress.net |