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Village of Milford (Otsego County)

Village in New York · Wikipedia

Part of: Otsego County · New York

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367 Population FY 2024
$2,626 Per-Capita Spending FY 2024
18.4% Debt Service FY 2024
13.3 Fiscal Stress FY 2024
6.7 Socio-Dem. Stress FY 2024

Tax Snapshot (Beta)

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for New York and Village of Milford (Otsego County).

Component Summary Effective Coverage Sources
NY state personal income tax NY uses a progressive bracket schedule (4.00% to 10.90% on the current IT-201 schedule). Tax year 2025 schedule; statutory update starts for tax years beginning after 2025. Source verified IT-201-I (2025 PDF); Tax Law §601
NY state sales and use tax (base) NY state base sales and use tax rate is 4%; local rates are additive by jurisdiction. In effect as of January 1, 2026. Loaded New York State Department of Taxation and Finance sales tax rates
NY state-level property tax policy In New York, real property tax is raised and spent locally by counties, cities, towns, villages, school districts, and special districts; there is no single statewide property-tax rate. Property-tax guidance page updated July 26, 2024 (accessed April 19, 2026). Needs review NY property taxes overview; ORPTS tax bill calculation guide

Community Profile

Census Bureau ACS 5-year estimates

10.3% Poverty Rate 2023
32.8% Bachelor's+ Rate 2023
1.1% Unemployment Rate 2023
70.8% Homeownership Rate 2023
Median Household Income
$63,750 (2023)
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2010 2023
Per Capita Income
$38,272 (2023)
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2010 2023
Median Home Value
$137,500 (2023)
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2010 2023
Median Gross Rent
$825 (2023)
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2010 2023
Median Age
48.7 (2023)
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2010 2023
Gini Index
0 = perfect equality · 1 = perfect inequality
0.4 (2023)
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2010 2023
Financial Documents (84)
Year Title Type
2025 Village of Milford FSMS Report 2025 FSMS_MONITORING
2024 Village of Milford OSC Annual Financial Report 2024 OSC_VILLAGE_CSV_AFR
2024 Village of Milford OSC Annual Financial Report 2024 OSC_VILLAGE_AFR
2024 Village of Milford FSMS Report 2024 FSMS_MONITORING
2023 Village of Milford (Otsego County) Census ACS 5-Year Estimates 2023 US_CENSUS_ACS5
Governance & Structure
Governance Structure
Structure
Not specified
Fiscal Autonomy
Not specified
ICMA Recognition
—
Notes
None
OSC Code
360453203100
School Details

Not applicable for this entity type.

Geographic Relationships

This entity is within

Within this entity

Data: NYS Comptroller · CA State Controller · US Census Bureau benchmarkusa.org