Roseboom, Otsego County, New York Property Taxes

Name: Property Tax Bills Across Roseboom, Otsego County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Roseboom, NY effective property tax rate: 1.41%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Roseboom, NY home value: $155,530
Median annual Roseboom, NY tax bill: $2,198, $202 lower than the national median property tax bill of $2,400.

How are property taxes in Otsego calculated?

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

Last Updated March 1, 2025

Roseboom, Otsego County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.41%

Estimate Property Tax Bill

$2,193

$2,035

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

Property Tax Rates Across Roseboom, Otsego County, New York

Local government entities determine property tax rates, which can significantly differ across a state. This variation stems from each county's annual process of estimating its budgetary needs to provide essential services and dividing that figure by the total assessed value of all taxable property within its borders, resulting in the property tax rate. Although votes and legislative measures influence these rates and budgets, this is the core methodology.

In Roseboom, located in Otsego County, the effective property tax rate is a reflection of this process. When you compare Roseboom's rate to other cities in New York, you'll find that it aligns with the state's median property tax rate. However, it's important to note that Otsego County's tax rate is higher than the national median. This comparison highlights the diverse landscape of property taxation, emphasizing the importance of understanding local tax dynamics. Whether you're a property owner or prospective buyer, being informed about these rates can significantly impact financial planning and property investment decisions.

Property Tax Rates Across Roseboom, 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 Roseboom Tax Rate

1.41%

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 Roseboom, Otsego County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13450	1.17%	1.26%	1.41%	1.71%	2.41%

Source: Ownwell

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

When examining property taxes in Roseboom, 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, assessment notices are sent in the spring each year. They’ll typically reach 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 Roseboom. For example, the median home price in Roseboom is $155,530, with tax bills ranging significantly across the county. 13450 has the highest median home price at $155,530.

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

Source: Ownwell

$93,693

$202,252

$310,811

Median Roseboom Market Value

$155,530

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 Roseboom, Otsego County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13450	$45,487	$97,452	$155,530	$211,346	$301,269

Source: Ownwell

Property Tax Bills Across Roseboom, Otsego County, New York

In Roseboom, Otsego County, NY, property tax bills are calculated based on the assessed value of a home multiplied by the local tax rate. With a median home price of $155,530, homeowners might find their tax bills vary significantly. The 25th percentile tax bill is $1,317, whereas the 75th percentile tax bill is $3,476, and the 90th percentile reaches $4,219. These figures highlight the variability in tax burdens across different properties. Compared to the national median property tax bill of $2,400, homeowners in Roseboom may experience a range of tax obligations. Several factors influence these bills, including property size, location, and market conditions. High property taxes can strain homeowners' finances, making it essential to explore potential savings. Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing assessments and identifying discrepancies, Ownwell helps homeowners potentially lower their tax bills, ensuring they only pay their fair share. This not only alleviates financial pressure but also enhances long-term property affordability.

Property Tax Bills Across Roseboom, Otsego County, New York

Source: Ownwell

$881

$2,702

$4,522

Median Roseboom Tax Bill

$2,198

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 Roseboom, Otsego County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13450	$722	$1,317	$2,198	$3,476	$4,219

Source: Ownwell

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Dates

Links
Otsego Assessment Review Commission
Website	otsegocountygis.mapxpress.net