Morris, Otsego County, New York Property Taxes
Median Morris, NY effective property tax rate: 2.21%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Morris, NY home value: $141,352
Median annual Morris, NY tax bill: $2,925, $525 higher than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Morris, 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 Morris's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Morris, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Morris, Otsego County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.21%
Estimate Property Tax Bill
$3,124
$2,899
Property Tax Rates Across Morris, Otsego County, New York
Local government entities in New York set tax rates, which can vary widely within the state. 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.
In Morris, located in Otsego County, the effective property tax rate is notably higher than the national median of 1.02%. With a median property tax rate of 2.21%, Morris reflects a more substantial tax burden compared to many other cities in New York and across the United States. This higher rate is consistent throughout the county, indicating a uniform approach to property taxation in Morris and its surrounding areas.
For property owners, understanding these rates is crucial, as they directly impact the annual property tax bills, influencing decisions on property investments and financial planning. Comparing Morris's rate to the national median highlights the importance of property tax consulting services to potentially reduce tax liabilities.
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 Morris Tax Rate
2.21%
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 Morris, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13808 | 1.42% | 1.80% | 2.21% | 2.40% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Morris, Otsego County, New York
When examining property taxes in Morris, 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.
Assessment notices in Otsego County are sent in the spring each year, typically reaching 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 Morris. For example, the median home price in Morris is $141,352, with tax bills ranging significantly across the county. Zip code 13808 has the highest median home price at $141,352.
Property Tax Assessment Values Across Morris, Otsego County, New York
Source: Ownwell
$93,693
$202,252
$310,811
Median Morris Market Value
$141,352
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 Morris, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13808 | $49,730 | $89,951 | $141,352 | $199,178 | $288,355 |
Source: Ownwell
Property Tax Bills Across Morris, Otsego County, New York
In Morris, Otsego County, NY, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Morris is $141,352, and the property tax rate is calculated based on this assessed value. Homeowners in Morris typically see a tax bill ranging from $1,731 at the 25th percentile to $6,324 at the 90th percentile, with the median tax bill being $2,925. This median is significantly higher than the national median property tax bill of $2,400, indicating a substantial financial obligation for homeowners in the area.
Various factors influence the property's assessed value, such as its location, size, and condition. These assessments can fluctuate, impacting the overall tax bill. Homeowners may experience financial strain due to these high property taxes. Ownwell offers valuable assistance by providing property tax appeal and exemption services, helping homeowners potentially reduce their tax burden. By analyzing individual assessments and identifying discrepancies, Ownwell can aid homeowners in achieving significant savings on their property tax bills.
Median Morris Tax Bill
$2,925
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 Morris, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13808 | $915 | $1,731 | $2,925 | $4,284 | $6,324 |
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 |