Watervliet, New York Property Taxes
The median property tax rate in Watervliet, NY is 2.46%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Watervliet, the typical annual property tax bill reaches $4,326, exceeding the national median of $2,690. Property taxes in Watervliet are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Watervliet's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Watervliet or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Watervliet, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$4,060
$4,014
Ownwell’s Watervliet Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watervliet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watervliet to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Watervliet, New York
Property taxes in Watervliet, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Watervliet is 2.46%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Watervliet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watervliet estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Watervliet's effective property tax rate to other counties in New York and the national median. For comparison, the 12189 zip code has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these cities compare with Watervliet provides valuable insights into the varying tax landscape across Albany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Watervliet Tax Rate
2.46%
Average Albany County Tax Rate
2.39%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watervliet, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12189 | 2.15% | 2.25% | 2.46% | 2.78% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Watervliet, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Watervliet, NY. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Watervliet, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in the area is $165,022, with tax bills ranging widely. For instance, the 25th percentile tax bill is $3,551, while the 75th percentile tax bill is $5,388. The 90th percentile tax bill can go up to $9,569. The highest and lowest median tax bills are both $4,326, found in zip code 12189. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Watervliet Assessed Value
$165,022
Average Albany County Assessed Value
$213,453
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Watervliet, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12189 | $116,592 | $140,750 | $165,022 | $213,000 | $432,287 |
Source: Ownwell
Property Tax Bills Across Watervliet, New York
In Watervliet, located in Albany County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the market value of the property, any improvements made, and changes in the local tax rate can influence the assessed value. For homeowners in Watervliet, property taxes can vary significantly. The 25th percentile tax bill is approximately $3,551, while the 75th percentile tax bill reaches around $5,388. At the 90th percentile, homeowners might see tax bills as high as $9,569. The median home price in Watervliet is $165,022, which means that property taxes can represent a substantial portion of a homeowner's annual expenses. Compared to the national median property tax rate of 0.99%, Watervliet's property tax bills are notably higher, reflecting the local government's reliance on property taxes to fund public services.
Average Watervliet Tax Bill
$4,326
Average Albany County Tax Bill
$4,990
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Watervliet, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12189 | $2,589 | $3,551 | $4,326 | $5,388 | $9,569 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |