Guilderland, New York Property Taxes
The median property tax rate in Guilderland, NY is 2.35%, 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 Guilderland, the typical annual property tax bill reaches $6,703, exceeding the national median of $2,690. Property taxes in Guilderland 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 Guilderland'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 Guilderland 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
Guilderland, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$6,688
$6,613
Ownwell’s Guilderland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guilderland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guilderland 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 Guilderland, New York
Property taxes in Guilderland, 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 Guilderland is 2.35%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Guilderland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guilderland 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 Guilderland's effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12084 has the highest median property tax rate of 2.35%, while the same zip code also has the lowest median tax rate of 2.35%. Understanding how these areas compare with Guilderland 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 Guilderland Tax Rate
2.35%
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 Guilderland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12084 | 2.03% | 2.27% | 2.35% | 2.50% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Guilderland, New York
In Guilderland, NY, 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 local appraisal authorities 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 Guilderland, 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 Guilderland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $284,615, with tax bills ranging from $5,077 at the 25th percentile to $9,953 at the 90th percentile. The zip code 12084 records the highest and lowest median tax bill at $6,703.
Average Guilderland Assessed Value
$284,615
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 Guilderland, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12084 | $175,384 | $217,582 | $284,615 | $357,555 | $418,791 |
Source: Ownwell
Property Tax Bills Across Guilderland, New York
In Guilderland, property tax bills are calculated based on assessed property values and the tax rates set by local taxing authorities. The assessed value is determined by the town assessor, who evaluates the market value of each property. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Guilderland, the median home price is $284,615. Tax bills can vary significantly, with the 25th percentile at $5,077 and the 75th percentile at $8,587. The highest median tax bill in the area is $6,703, found in the 12084 zip code. Comparatively, the national median property tax rate is 0.99%, making Guilderland's property taxes relatively higher. These taxes fund essential local services such as schools, road maintenance, and emergency services, directly impacting the quality of life for residents. Homeowners should be aware of these factors when budgeting for their annual expenses.
Average Guilderland Tax Bill
$6,703
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 Guilderland, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12084 | $3,790 | $5,077 | $6,703 | $8,587 | $9,953 |
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 |