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Garrattsville, Otsego County, New York Property Taxes

  • Median Garrattsville, NY effective property tax rate: 2.00%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.

  • Median Garrattsville, NY home value: $139,630

  • Median annual Garrattsville, NY tax bill: $3,111, $711 higher than the national median property tax bill of $2,400.

How are property taxes in Otsego calculated?

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

Last Updated March 1, 2025

Garrattsville, Otsego County, New York Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2%

Estimate Property Tax Bill

$2,793

$2,591

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

Property Tax Rates Across Garrattsville, Otsego County, New York

Local government entities determine tax rates, and these can vary significantly within a state. This variation occurs because each county annually estimates its budget needs for services and divides this by the total value of all taxable property within its area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the general process followed each year. In Garrattsville, located in Otsego County, the effective property tax rate is higher than the national median of 1.02%. This rate is also notably higher than the state median, making it one of the highest in the region. Garrattsville's tax rate is consistent with the highest in New York, indicating a uniformity in tax rates across certain areas. When compared to the national median property tax bill of $2,400, property owners in Garrattsville may find themselves paying more due to these elevated rates, emphasizing the importance of exploring property tax appeals and exemptions to potentially reduce their financial burden.

Property Tax Rates Across Garrattsville, Otsego County, New York

Source: Ownwell

0.67%

1.57%

2.47%

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 Garrattsville Tax Rate

2.00%

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 Garrattsville, Otsego County, New York

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
133421.22%1.62%2.00%2.23%2.27%

Source: Ownwell

Property Tax Assessment Values Across Garrattsville, Otsego County, New York

When examining property taxes in Garrattsville, 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 the year. 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 Garrattsville. For example, the median home price in Garrattsville is $139,630, with tax bills ranging significantly across the county. Zip code 13342 has the highest median home price at $139,630.

Property Tax Assessment Values Across Garrattsville, Otsego County, New York

Source: Ownwell

$93,693

$202,252

$310,811

Median Garrattsville Market Value

$139,630

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 Garrattsville, Otsego County, New York

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
13342$57,654$86,296$139,630$203,086$401,333

Source: Ownwell

Property Tax Bills Across Garrattsville, Otsego County, New York

In Garrattsville, nestled in Otsego County, NY, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the local assessor, reflecting the market value of the property. Homeowners in Garrattsville experience a median property tax bill that can vary significantly, from the 25th percentile at $1,808 to the 90th percentile reaching $6,485. This fluctuation can create financial challenges, especially when compared to the national median property tax bill of $2,400. Several factors influence these tax bills, including the home's location, size, and any applicable exemptions or deductions. Such variables can significantly impact a homeowner's annual expenses. Ownwell offers a solution by providing expert property tax appeal and exemption services. By analyzing each homeowner's situation, Ownwell identifies opportunities to reduce assessments, potentially lowering the tax burden. This personalized approach helps homeowners in Garrattsville achieve significant savings, ensuring they only pay their fair share.

Property Tax Bills Across Garrattsville, Otsego County, New York

Source: Ownwell

$881

$2,702

$4,522

Median Garrattsville Tax Bill

$3,111

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 Garrattsville, Otsego County, New York

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
13342$1,073$1,808$3,111$3,972$6,485

Source: Ownwell

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