Herkimer, Herkimer County, New York Property Taxes
Median Herkimer, NY effective property tax rate: 3.04%, significantly higher than the national median of 1.02%, and higher than the New York state median of 1.90%.
Median Herkimer, NY home value: $113,571
Median annual Herkimer, NY tax bill: $3,357, $957 higher than the national median property tax bill of $2,400.
How are property taxes in Herkimer calculated?
Property taxes in Herkimer, 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 Herkimer's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Herkimer, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Herkimer, Herkimer County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.04%
Estimate Property Tax Bill
$3,453
$3,204
Property Tax Rates Across Herkimer, Herkimer 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 votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Herkimer, NY, the effective property tax rate is significantly higher than the national median. With a rate of 3.04%, Herkimer stands out even within New York, where rates can fluctuate across different regions. This rate is notably higher than the national median property tax rate of 1.02%, reflecting the unique budgetary needs and property values in Herkimer County.
For homeowners in Herkimer, understanding these rates is crucial for financial planning and property investment decisions. Comparing Herkimer's rate to the national average highlights the importance of assessing local tax environments. As property taxes significantly impact overall housing costs, staying informed about local tax rates is essential for making informed decisions about property ownership in Herkimer.
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 Herkimer Tax Rate
3.04%
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 Herkimer County Tax Rate
2.04%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Herkimer, Herkimer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13350 | 1.72% | 2.21% | 3.04% | 3.57% | 4.16% |
Source: Ownwell
Property Tax Assessment Values Across Herkimer, Herkimer County, New York
When examining property taxes in Herkimer, 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 Herkimer 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 Herkimer 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 Herkimer. For example, the median home price in Herkimer is $113,571, with tax bills ranging significantly across the county. 13350 has the highest median home price at $113,571.
Property Tax Assessment Values Across Herkimer, Herkimer County, New York
Source: Ownwell
$83,636
$238,084
$392,531
Median Herkimer Market Value
$113,571
Median Herkimer County Market Value
$127,341
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Herkimer, Herkimer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13350 | $60,714 | $86,429 | $113,571 | $158,840 | $223,214 |
Source: Ownwell
Property Tax Bills Across Herkimer, Herkimer County, New York
Median Herkimer Tax Bill
$3,357
Median Herkimer County Tax Bill
$2,784
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Herkimer, Herkimer County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13350 | $1,504 | $2,373 | $3,357 | $4,662 | $6,550 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Herkimer Assessment Review Commission | |
| Website | app.regrid.com |