South Glens Falls, New York Property Taxes

The median property tax rate in South Glens Falls, NY is 2.45%, 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 South Glens Falls at $134,200, the typical annual property tax bill reaches $3,021, exceeding the national median of $2,690. Property taxes in South Glens Falls 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 South Glens Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of South 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

South Glens Falls, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Average Tax Rate

2.45%

Estimate Property Tax Bill

$3,288

$3,251

Ownwell’s South Glens Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Glens Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South 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 South Glens Falls, New York

Property taxes in South Glens Falls, New York, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Glens Falls is 2.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within the city set these rates annually, and they can vary significantly across different neighborhoods. Each year, South 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 South Glens Falls' effective property tax rate to other counties in New York and the national median. For comparison, the zip code 12803 in South Glens Falls has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these rates compare with South 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.

Property Tax Rates Across South Glens Falls, New York

Source: Ownwell

0.82%

1.82%

2.83%

Average South Glens Falls Tax Rate

2.45%

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 South Glens Falls, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12803	2.15%	2.26%	2.45%	2.64%	2.75%

Source: Ownwell

Property Tax Assessment Values Across South Glens Falls, New York

In South Glens Falls, 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 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 South 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 South Glens Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,021, found in zip code 12803.

Property Tax Assessment Values Across South Glens Falls, New York

Source: Ownwell

$48,638

$520,619

$992,600

Average South Glens Falls Assessed Value

$134,200

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 South Glens Falls, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12803	$113,480	$121,250	$134,200	$196,850	$234,440

Source: Ownwell

Property Tax Bills Across South Glens Falls, New York

Property tax bills in South Glens Falls, located in Warren County, NY, are determined by several key factors. The primary component is the assessed value of the property, which is based on the market value. For example, with a median home price of $134,200, the assessed value is used to calculate the tax bill. The local tax rate is then applied to this assessed value. In South Glens Falls, the median property tax bill is $3,021, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile face tax bills around $2,635, while those in the 75th percentile see bills closer to $3,407. At the 90th percentile, tax bills can reach up to $3,638. This variance in tax bills can significantly impact homeowners, influencing their financial planning and potentially affecting property values. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.

Property Tax Bills Across South Glens Falls, New York

Source: Ownwell

$1,078

$6,029

$10,980

Average South Glens Falls Tax Bill

$3,021

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 South Glens Falls, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12803	$2,404	$2,635	$3,021	$3,407	$3,638

Source: Ownwell

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Dates

Links
Warren Assessment Review Commission
Website	imo.warrencountyny.gov