Stratford, Herkimer County, New York Property Taxes

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

Median Stratford, NY effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Stratford, NY home value: $129,000
Median annual Stratford, NY tax bill: $1,968, $432 lower than the New York state median, and lower than the national median property tax bill of $2,400.

How are property taxes in Herkimer County calculated?

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

Last Updated March 1, 2025

Stratford, Herkimer County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.68%

Estimate Property Tax Bill

$2,167

$2,011

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

Property Tax Rates Across Stratford, Herkimer County, New York

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide essential 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, this is the annual process in a nutshell.

In Stratford, located in Herkimer County, the effective property tax rate is higher than the national median of 1.02%. The county's median property tax rate stands at 1.68%, which is also the highest and lowest within its jurisdiction, reflecting a consistent rate across the county. This rate is significantly higher than the national median property tax bill of $2,400, indicating a greater financial obligation for property owners in this area.

Comparing Stratford's property tax rate to other cities in New York and the national median provides insight into the local tax landscape, helping property owners understand their tax liabilities better.

Property Tax Rates Across Stratford, Herkimer County, New York

Source: Ownwell

0.73%

1.96%

3.19%

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 Stratford Tax Rate

1.68%

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 Stratford, Herkimer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
13470	1.30%	1.53%	1.68%	1.86%	2.04%

Source: Ownwell

Property Tax Assessment Values Across Stratford, Herkimer County, New York

When examining property taxes in Stratford, 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 Stratford. For example, the median home price in Stratford is $129,000, with tax bills ranging significantly across the county. 13470 has the highest median home price at $129,000.

Property Tax Assessment Values Across Stratford, Herkimer County, New York

Source: Ownwell

$83,636

$238,084

$392,531

Median Stratford Market Value

$129,000

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 Stratford, Herkimer County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
13470	$39,000	$70,000	$129,000	$210,000	$275,000

Source: Ownwell

Property Tax Bills Across Stratford, Herkimer County, New York

In Stratford, Herkimer County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, determined by the local assessor. Homeowners in Stratford face a median property tax bill of $1968, which is below the national median of $2400. Factors influencing the tax bill include changes in local budgets, property assessments, and tax rates. For instance, the tax bill at the 25th percentile is $1207, while at the 75th percentile, it rises to $3152, showing a range based on property values and local tax rates. This variance can significantly impact homeowners, especially those with higher-valued properties. Ownwell assists homeowners by analyzing their property assessments and identifying potential savings. By filing appeals and applying for exemptions, Ownwell helps reduce the financial burden of property taxes, ensuring homeowners pay only their fair share. This service is crucial in a region where tax bills can reach up to $4778 at the 90th percentile.

Property Tax Bills Across Stratford, Herkimer County, New York

Source: Ownwell

$1,464

$4,014

$6,564

Median Stratford Tax Bill

$1,968

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 Stratford, Herkimer County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
13470	$546	$1,207	$1,968	$3,152	$4,778

Source: Ownwell

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Dates

Links
Herkimer Assessment Review Commission
Website	app.regrid.com