Paul Smiths, Franklin County, New York Property Taxes
Property Taxes in Paul Smiths, New York
Median Paul Smiths, New York effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Paul Smiths, New York home value: $268,350
Median annual Paul Smiths, New York tax bill: $3,209, $809 higher than the national median property tax bill of $2,400.
How are property taxes in Franklin calculated?
Property taxes in Paul Smiths, New York 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 Paul Smiths' property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Paul Smiths, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Paul Smiths, Franklin County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$3,274
$3,038
How Does the Paul Smiths Property Tax Calculator Work?
Use this Paul Smiths property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Paul Smiths' median effective tax rate of 1.22% — based on actual property records in Franklin County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Paul Smiths' median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Paul Smiths: rates range from 1.22% in 12970 to 1.22% in 12970, primarily due to differences in school district levies and local assessment districts. Paul Smiths' median property tax rate is higher than the 1.02% national median, and the median bill of $3,209 is higher than the $2,400 national median property tax bill and $809 above the state median tax bill.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Paul Smiths.
About Paul Smiths Property Taxes
About Property Taxes in Paul Smiths, Franklin, New York
Paul Smiths’s median effective property tax rate of 1.22% is higher than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Franklin County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Paul Smiths. Homeowners in the 12970 ZIP code carry a median effective rate of 1.22%, while those in the lowest ZIP code pay 1.22%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Franklin County. Understanding which part of Paul Smiths you live in can make a meaningful difference to your annual tax bill.
Paul Smiths homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission before the May 26, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Paul Smiths, Franklin County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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.
Below, you can compare Paul Smiths's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
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 Paul Smiths Tax Rate
1.22%
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 Franklin 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 Paul Smiths, Franklin County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12970 | 1.06% | 1.14% | 1.22% | 1.29% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Paul Smiths, Franklin County, New York
When examining property taxes in Paul Smiths, New York, 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 Franklin 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 Franklin County, assessment notices are sent in May 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 Paul Smiths.
For example, the median home price in Paul Smiths is $268,350, with tax bills ranging significantly across the county. 12970 has the highest median home price at $268,350.
Property Tax Assessment Values Across Paul Smiths, Franklin County, New York
Source: Ownwell
$50,985
$188,993
$327,000
Median Paul Smiths Market Value
$268,350
Median Franklin County Market Value
$128,525
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Paul Smiths, Franklin County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12970 | $135,500 | $199,975 | $268,350 | $627,875 | $2,039,260 |
Source: Ownwell
Property Tax Bills Across Paul Smiths, Franklin County, New York
Property tax bills in Paul Smiths are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessment to determine how much a homeowner owes each year. For a home with a median home price of $268,350, the resulting bill can vary widely depending on the assessment and the tax rate applied.
What a homeowner pays also depends on exemptions, local levies, and changes in assessed value over time. In Franklin County, the median property tax bill is $3,209, which is higher than the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills can range from $2,279 at the 25th percentile to $7,848 at the 75th percentile, with the 90th percentile reaching $25,511. That means property taxes can have a major impact on affordability for homeowners in Paul Smiths.
Median Paul Smiths Tax Bill
$3,209
Median Franklin County Tax Bill
$2,503
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Paul Smiths, Franklin County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12970 | $1,456 | $2,279 | $3,209 | $7,848 | $25,511 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Franklin Assessment Review Commission | |
| Website | maps.dancgis.org |