Philipstown, Putnam County, New York Property Taxes

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

Median Philipstown, NY effective property tax rate: 1.45%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Philipstown, NY home value: $780,806
Median annual Philipstown, NY tax bill: $12,130, $9,730 higher than the national median property tax bill of $2,400.

How are property taxes in Putnam calculated?

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

Last Updated March 1, 2025

Philipstown, Putnam County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.45%

Estimate Property Tax Bill

$11,322

$10,506

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

Property Tax Rates Across Philipstown, Putnam County, New York

Local government entities set tax rates, which can vary widely within a state. 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. Philipstown in Putnam County, NY, has an effective property tax rate that stands at 1.45%, which is higher than the national median property tax rate of 1.02%. This rate is consistent across the county, indicating a uniform approach to property taxation in this area. When compared to the national median property tax bill of $2,400, homeowners in Philipstown might experience a higher property tax burden due to the elevated rate. Understanding these rates can help property owners better anticipate their annual tax liabilities and explore potential savings through appeals or exemptions.

Property Tax Rates Across Philipstown, Putnam County, New York

Source: Ownwell

1.45%

2.38%

3.31%

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 Philipstown Tax Rate

1.45%

Median Effective Putnam County Tax Rate

2.86%

Median Effective New York Tax Rate

1.90%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Philipstown, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
10516	1.45%	1.45%	1.45%	2.21%	2.93%

Source: Ownwell

Property Tax Assessment Values Across Philipstown, Putnam County, New York

When examining property taxes in Philipstown, 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 Philipstown. For example, the median home price in Philipstown is $780,806, with tax bills ranging significantly across the county. Zip code 10516 has the highest median home price at $780,806.

Property Tax Assessment Values Across Philipstown, Putnam County, New York

Source: Ownwell

$225,291

$503,049

$780,806

Median Philipstown Market Value

$780,806

Median Putnam County Market Value

$430,100

Median New York Market Value

$312,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Philipstown, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
10516	$181,033	$447,019	$780,806	$1,420,784	$3,079,103

Source: Ownwell

Property Tax Bills Across Philipstown, Putnam County, New York

In Philipstown, Putnam County, NY, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is influenced by factors such as location, property size, and improvements. Homeowners in Philipstown face a significant property tax burden, with the median tax bill at $12,130, considerably higher than the national median of $2,400. Even at the 25th percentile, tax bills are $7,123, indicating that property taxes are a substantial expense for many residents. High property taxes can impact homeowners by reducing disposable income and affecting property affordability.

Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing property assessments and market conditions, Ownwell identifies opportunities to lower tax bills, potentially saving homeowners thousands of dollars. This service not only alleviates the financial burden but also ensures fair taxation, allowing homeowners to retain more of their hard-earned money.

Property Tax Bills Across Philipstown, Putnam County, New York

Source: Ownwell

$9,821

$12,806

$15,790

Median Philipstown Tax Bill

$12,130

Median Putnam County Tax Bill

$12,265

Median New York Tax Bill

$5,420

Median United States Tax Bill

$2,400

Property Tax Bills Across Philipstown, Putnam County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
10516	$2,865	$7,123	$12,130	$21,865	$36,738

Source: Ownwell

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Dates

Links
Putnam Assessment Review Commission
Website	putnam.sdgnys.com