Mahopac Falls, Putnam County, New York Property Taxes
- Median Mahopac Falls, NY effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the NY state median of 2.39%.
- Median Mahopac Falls, NY home value: $358,450
- Median annual Mahopac Falls, NY tax bill: $2,458, $58 higher than the national median property tax bill of $2,400.
How are property taxes in Putnam calculated?
Property taxes in Mahopac Falls, 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 Mahopac Falls’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mahopac Falls, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mahopac Falls, Putnam County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$2,688
$2,495
Property Tax Rates Across Mahopac Falls, Putnam County, New York
Local government entities set tax rates, which can vary widely within a state. This is because each county 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.
Mahopac Falls in Putnam County, NY, has an effective property tax rate that stands out when compared to other cities in New York. The state's median property tax rate is 1.23%, which is above the national median of 1.02%. The effective property tax rate in Mahopac Falls is lower than the state median, making it an attractive option for property owners seeking to minimize their tax burden.
When considering property taxes, it's essential to compare rates locally and nationally. The median tax bill in New York is $5,407, significantly higher than the national median of $2,400. This comparison highlights the importance of understanding local tax rates and how they impact overall property expenses.
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 Mahopac Falls Tax Rate
0.75%
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 Putnam County Tax Rate
3.27%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mahopac Falls, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10542 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mahopac Falls, Putnam County, New York
When examining property taxes in Mahopac Falls, 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 Putnam 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 Putnam 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 Mahopac Falls.
For example, the median home price in Mahopac Falls is $358,450, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Mahopac Falls, Putnam County, New York
Source: Ownwell
$271,900
$403,018
$534,136
Median Mahopac Falls Market Value
$358,450
Median Putnam County Market Value
$378,400
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mahopac Falls, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10542 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mahopac Falls, Putnam County, New York
In Mahopac Falls, located in Putnam 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 this area is $358,450, and the property tax rate is higher than the national median rate of 1.02%. Homeowners in Mahopac Falls often face tax bills around the 75th percentile mark of $2,463, slightly above the national median property tax bill of $2,400. This indicates that property taxes can be a significant expense for homeowners in this region.
Factors influencing the property tax bill include the property's assessed value, local government budgets, and public service funding needs. As tax rates and assessed values can fluctuate, homeowners may find their tax bills vary from year to year.
Ownwell assists homeowners by providing property tax appeal and exemption services. By reviewing and analyzing property assessments, Ownwell identifies opportunities for homeowners to reduce their tax obligations, potentially saving them hundreds or even thousands of dollars annually.
Median Mahopac Falls Tax Bill
$2,458
Median Putnam County Tax Bill
$11,749
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Mahopac Falls, Putnam County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 10542 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Putnam Assessment Review Commission | |
| Website | putnam.sdgnys.com |