Village of Richfield Springs (Otsego County)
Village in New York · Wikipedia
Part of: Otsego County · New York
1,050
Population
FY 2024
$3,473
Per-Capita Spending
FY 2024
3.7%
Debt Service
FY 2024
10.0
Fiscal Stress
FY 2024
20.0
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 Richfield Springs (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
29.4%
Poverty Rate
2023
23.4%
Bachelor's+ Rate
2023
1.2%
Unemployment Rate
2023
69.9%
Homeownership Rate
2023
$55,417
(2023)
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2010
2023
$29,420
(2023)
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2010
2023
$132,500
(2023)
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2010
2023
$759
(2023)
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2010
2023
33.8
(2023)
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2010
2023
0 = perfect equality · 1 = perfect inequality
0.5
(2023)
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2010
2023
Financial Trends
Curated financial dashboard (1995–2024)
Fiscal Health
$1,307,727
(2024)
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2011
2024
$61,291,579
(2024)
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2011
2024
$134,400
(2024)
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1995
2024
3.7%
(2024)
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1995
2024
$3,473
(2024)
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2010
2024
0 = healthy · 100 = significant stress
10.0
(2024)
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2013
2024
0 = no stress · 100 = significant stress
20.0
(2024)
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2013
2024
Top Revenue Sources
$1,150,292
(2024)
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1995
2024
$593,392
(2024)
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1995
2024
$416,606
(2024)
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1995
2024
$222,199
(2024)
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1995
2024
$188,177
(2024)
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1995
2024
Top Expenditures
$1,218,517
(2024)
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1995
2024
$574,285
(2024)
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1995
2024
$544,370
(2024)
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1995
2024
$391,206
(2024)
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1995
2024
$275,391
(2024)
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1995
2024
Financial Documents (84)
| Year | Title | Type |
|---|---|---|
| 2025 | Village of Richfield Springs FSMS Report 2025 | FSMS_MONITORING |
| 2024 | Village of Richfield Springs OSC Annual Financial Report 2024 | OSC_VILLAGE_CSV_AFR |
| 2024 | Village of Richfield Springs OSC Annual Financial Report 2024 | OSC_VILLAGE_AFR |
| 2024 | Village of Richfield Springs FSMS Report 2024 | FSMS_MONITORING |
| 2023 | Village of Richfield Springs (Otsego County) Census ACS 5-Year Estimates 2023 | US_CENSUS_ACS5 |
Governance & Structure
- Structure
- Not specified
- Fiscal Autonomy
- Not specified
- ICMA Recognition
- —
- Notes
- None
- OSC Code
360470804210
Not applicable for this entity type.
Geographic Relationships
This entity is within
- Wholly within: New York
- Wholly within: Otsego County
- Wholly within: Town of Richfield (Otsego County)
Within this entity
- Partly contains: Richfield Springs Central School District