Glens Falls, New York Property Taxes
The median property tax rate in Glens Falls, NY is 2.83%, significantly higher than both the national median of 0.99% and the New York state median of 2.39%. With a median home value of $178,100 in Glens Falls, the typical annual property tax bill reaches $4,890, far exceeding the national median of $2,690. Property taxes in Glens Falls are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glens Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Glens Falls 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
Glens Falls, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$5,040
$4,983
Ownwell’s Glens Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glens Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glens Falls 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 Glens Falls, New York
Property taxes in Glens Falls, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glens Falls is 2.83%, significantly higher than the U.S. national median of 0.99%. Local government entities within Glens Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glens Falls 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 Glens Falls' effective property tax rate to other regions in New York and the national median. For comparison, the zip code 12801 has the median property tax rate of 2.83%. Understanding how these cities compare with Glens Falls provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glens Falls Tax Rate
2.83%
Average Warren County Tax Rate
1.79%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glens Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12801 | 2.53% | 2.72% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Glens Falls, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glens Falls, New York. 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 Warren 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 Glens Falls, 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 Glens Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 12801 has both the highest and lowest median tax bill at $4,890, reflecting the local property tax landscape.
Average Glens Falls Assessed Value
$178,100
Average Warren County Assessed Value
$215,800
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glens Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12801 | $127,800 | $151,100 | $178,100 | $214,150 | $265,800 |
Source: Ownwell
Property Tax Bills Across Glens Falls, New York
In Glens Falls, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in this city is $178,100. Local tax authorities assess properties to determine their taxable value, considering factors like location, size, and condition. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Glens Falls experience a range of property tax bills. For instance, the 25th percentile tax bill is $4,098, while the 75th percentile tax bill reaches $5,949. At the 90th percentile, homeowners might see tax bills as high as $7,333. These figures highlight the significant impact property taxes can have on household budgets. Comparatively, the median property tax bill in Glens Falls, which is $4,890, is substantially higher than the national median property tax rate of 0.99%. This underscores the importance for homeowners to understand how their property taxes are calculated and plan accordingly.
Average Glens Falls Tax Bill
$4,890
Average Warren County Tax Bill
$4,027
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Glens Falls, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12801 | $3,490 | $4,098 | $4,890 | $5,949 | $7,333 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Warren Assessment Review Commission | |
| Website | imo.warrencountyny.gov |