Westerlo, New York Property Taxes
The median property tax rate in Westerlo, NY is 2.11%, 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 Westerlo, the typical annual property tax bill reaches $3,508, exceeding the national median of $2,690. Property taxes in Westerlo 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 Westerlo'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 Westerlo 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
Westerlo, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$3,657
$3,616
Ownwell’s Westerlo Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Westerlo with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Westerlo to provide an estimate of your property tax bill. This resource offers a clear understanding of potential tax liabilities, helping you plan better. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Westerlo, New York
Property taxes in Westerlo, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westerlo is 2.11%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Westerlo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westerlo 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 Westerlo's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12193 has the highest median property tax rate of 2.11%, while the same zip code also has the lowest median tax rate of 2.11%. Understanding how these cities compare with Westerlo 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 Westerlo Tax Rate
2.11%
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 Westerlo, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12193 | 1.36% | 1.81% | 2.11% | 2.47% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Westerlo, New York
In Westerlo, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Albany County Assessment Office 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 Westerlo, 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. For instance, the highest median tax bill in the area is $3,508 in the 12193 zip code. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Westerlo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Westerlo Assessed Value
$173,333
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 Westerlo, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12193 | $93,333 | $133,333 | $173,333 | $227,800 | $283,333 |
Source: Ownwell
Property Tax Bills Across Westerlo, New York
In Westerlo, located in Albany County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. The median home price in Westerlo is $173,333, which provides a baseline for understanding tax bills. Homeowners in the 25th percentile can expect a tax bill around $2,394, while those in the 75th percentile might see bills as high as $4,648. For those in the 90th percentile, tax bills can reach up to $5,929. Compared to the national median property tax rate of 0.99%, Westerlo's property tax rates can significantly impact homeowners' annual expenses, making it crucial for residents to stay informed about their property's assessed value and any potential exemptions or appeals they may qualify for.
Average Westerlo Tax Bill
$3,508
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 Westerlo, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12193 | $1,375 | $2,394 | $3,508 | $4,648 | $5,929 |
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 |