Clarksville, New York Property Taxes
The median property tax rate in Clarksville, NY is 2.41%, 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 Clarksville, the typical annual property tax bill reaches $4,325, exceeding the national median of $2,690. Property taxes in Clarksville 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 Clarksville'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 Clarksville 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
Clarksville, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$4,760
$4,706
Ownwell’s Clarksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, New York
Property taxes in Clarksville, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 2.41%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12041 has the highest median property tax rate of 2.41%, while the same zip code also has the lowest median tax rate of 2.41%. Understanding how these cities compare with Clarksville 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 Clarksville Tax Rate
2.41%
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 Clarksville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12041 | 0.75% | 2.13% | 2.41% | 2.69% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, New York
In Clarksville, 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 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 Clarksville, 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. 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 Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is in zip code 12041 at $4,325, while the lowest is also in zip code 12041 at $4,325.
Average Clarksville Assessed Value
$197,500
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 Clarksville, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12041 | $123,500 | $155,600 | $197,500 | $244,211 | $286,800 |
Source: Ownwell
Property Tax Bills Across Clarksville, New York
In Clarksville, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. Factors such as property size, location, and market conditions influence this valuation. Homeowners in Clarksville can expect a wide range of tax bills. For instance, the tax bill at the 25th percentile is around $3,076, while at the 75th percentile, it rises to approximately $5,663. At the 90th percentile, homeowners might see bills as high as $7,001. The highest and lowest median tax bills in the area both stand at $4,325, as recorded in zip code 12041. These property taxes fund essential public services such as schools, infrastructure, and emergency services. While the median home price in Clarksville is $197,500, the property tax rate can significantly impact a homeowner's annual expenses, making it crucial for residents to understand how their tax bills are determined and what factors are at play.
Average Clarksville Tax Bill
$4,325
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 Clarksville, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12041 | $1,811 | $3,076 | $4,325 | $5,663 | $7,001 |
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 |