12190 Property Tax Rate

Property owners in ZIP code 12190 (Wells, New York) pay a median of $2,359/year in property taxes on homes valued at $253,400. This translates to an effective tax rate of 0.93%, which is 50% below the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 12190 is approximately $197, which factors into escrow payments on mortgages. This ZIP code is located within Hamilton County. This is $2,893 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 12190 has higher property taxes. ZIP codes with similar effective rates include 12836 (0.93%) and 12815 (0.93%).

In Wells, property taxes represent approximately 4.2% of the median household income of $55,568, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Hamilton County reassesses properties based on market conditions and local revaluation cycles without annual ceilings. Hamilton County primary residence owners with household income ≤$500,000 qualify for STAR, reducing school property taxes by exempting thousands from assessed value — apply through local schools or the Hamilton County Assessor's office by March 15 annually. Contact the Hamilton County Assessor within 30 days of closing to register your purchase and file STAR to ensure your school tax exemption takes effect on your next bill.