Cherry Valley, Otsego County, New York Property Taxes
Property Taxes in Cherry Valley, New York
Median Cherry Valley, New York effective property tax rate: 1.76%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Cherry Valley, New York home value: $150,285
Median annual Cherry Valley, New York tax bill: $2,699, $299 higher than the national median property tax bill of $2,400.
How are property taxes in Otsego calculated?
Property taxes in Cherry Valley, 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 Cherry Valley's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherry Valley, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Cherry Valley, Otsego County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.76%
Estimate Property Tax Bill
$2,645
$2,455
How Does the Cherry Valley Property Tax Calculator Work?
Use this Cherry Valley property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cherry Valley's median effective tax rate of 1.76% — based on actual property records in Otsego County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cherry Valley's 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 Cherry Valley: rates are 1.76% in 13320, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cherry Valley.
About Cherry Valley Property Taxes
About Property Taxes in Cherry Valley, Otsego, New York
Cherry Valley's median effective property tax rate of 1.76% is lower than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Otsego 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 Cherry Valley. Homeowners in the 13320 ZIP code carry a median effective rate of 1.76%, while those in the same ZIP code pay 1.76%. This spread reflects how school district boundaries and local assessment districts are drawn across Otsego County. Understanding which part of Cherry Valley you live in can make a meaningful difference to your annual tax bill.
Cherry Valley homeowners who believe their assessed value is too high can file a formal appeal with the 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 Cherry Valley, Otsego 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 Cherry Valley'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 Cherry Valley Tax Rate
1.76%
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 Otsego 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 Cherry Valley, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13320 | 1.19% | 1.54% | 1.76% | 2.05% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Cherry Valley, Otsego County, New York
When examining property taxes in Cherry Valley, 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 Otsego County assessment office 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 Otsego County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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. For Cherry Valley, the median home price is $150,285, with the median tax bill at $2,699. The 25th percentile tax bill is $1,589, while the 75th percentile is $4,121 and the 90th percentile reaches $6,125. The highest median home price is in 13320 at $150,285.
Property Tax Assessment Values Across Cherry Valley, Otsego County, New York
Source: Ownwell
$93,693
$202,252
$310,811
Median Cherry Valley Market Value
$150,285
Median Otsego County Market Value
$162,338
Median New York Market Value
$312,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cherry Valley, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13320 | $50,614 | $95,643 | $150,285 | $225,556 | $339,181 |
Source: Ownwell
Property Tax Bills Across Cherry Valley, Otsego County, New York
Property tax bills in Cherry Valley are based on the assessed value of a home and the local tax rate set by taxing authorities. When a property’s assessed value rises, the tax bill can increase unless exemptions or other relief apply. For Cherry Valley homeowners, the median home price is $150,285, which helps explain why bills can vary from one property to another.
The typical property tax bill in the area is $2,699, which is above the national median property tax bill of $2,400 and slightly above the national median property tax rate of 1.02%. Bills can differ widely depending on the home’s market value, assessment level, and any local levies included in the final bill. In Cherry Valley, the 25th percentile tax bill is $1,589, while the 75th percentile is $4,121 and the 90th percentile reaches $6,125. That range shows how property taxes can have a meaningful impact on monthly housing costs and long-term affordability for homeowners.
Median Cherry Valley Tax Bill
$2,699
Median Otsego County Tax Bill
$3,172
Median New York Tax Bill
$5,420
Median United States Tax Bill
$2,400
Property Tax Bills Across Cherry Valley, Otsego County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 13320 | $813 | $1,589 | $2,699 | $4,121 | $6,125 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Otsego Assessment Review Commission | |
| Website | otsegocountygis.mapxpress.net |