Laurens, Otsego County, New York Property Taxes
Median Laurens, NY effective property tax rate: 2.12%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Laurens, NY home value: $161,276
Median annual Laurens, NY tax bill: $3,275, $875 higher than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Laurens, 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 Laurens's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurens, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurens, Otsego County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.12%
Estimate Property Tax Bill
$3,419
$3,173
Property Tax Rates Across Laurens, Otsego County, New York
Local government entities in New York determine tax rates, which can vary significantly across different areas. This variation arises because each county, including Otsego, calculates its annual budget needed to provide essential services and then divides this by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual procedure.
Laurens in Otsego County, NY, has an effective property tax rate that reflects this process. When compared to other cities in New York, Laurens's rate provides insight into regional tax dynamics. The median property tax rate in New York stands at 2.12%, which is notably higher than the national median rate of 1.02%. This difference highlights the regional variation in property tax burdens. Understanding these differences is crucial for property owners seeking to manage their tax liabilities effectively. By comparing Laurens's tax rate to state and national medians, property owners can better navigate their financial planning and explore potential savings through tax appeals and exemptions.
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 Laurens Tax Rate
2.12%
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 Laurens, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13796 | 1.47% | 1.78% | 2.12% | 2.17% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Laurens, Otsego County, New York
When examining property taxes in Laurens, 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 season. 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 Laurens. For example, the median home price in Laurens is $161,276, with tax bills ranging significantly across the county. 13796 has the highest median home price at $161,276.
Property Tax Assessment Values Across Laurens, Otsego County, New York
Source: Ownwell
$93,693
$202,252
$310,811
Median Laurens Market Value
$161,276
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 Laurens, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13796 | $58,126 | $107,801 | $161,276 | $219,828 | $293,546 |
Source: Ownwell
Property Tax Bills Across Laurens, Otsego County, New York
Median Laurens Tax Bill
$3,275
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 Laurens, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13796 | $1,012 | $2,112 | $3,275 | $4,431 | $6,305 |
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 |