Queensbury, New York Property Taxes
The median property tax rate in Queensbury, NY is 2.01%, 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 Queensbury, the typical annual property tax bill reaches $4,137, exceeding the national median of $2,690. Property taxes in Queensbury 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 Queensbury'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 Queensbury 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
Queensbury, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$4,414
$4,364
Ownwell’s Queensbury Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Queensbury using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Queensbury to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in exploring trends at a more granular level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Queensbury, New York
Property taxes in Queensbury, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Queensbury is 2.01%, significantly higher than the U.S. national median of 0.99%. Local government entities within Queensbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Queensbury 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 Queensbury's effective property tax rate to other areas in New York and the national median. For comparison, the 12804 zip code has the highest median property tax rate of 2.01%, while the 12804 zip code also has the lowest median tax rate of 2.01%. Understanding how these areas compare with Queensbury provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Queensbury Tax Rate
2.01%
Average Washington County Tax Rate
2.41%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Queensbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12804 | 1.39% | 1.97% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Queensbury, New York
In Queensbury, New York, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Washington 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 Queensbury, 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 Queensbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in zip code 12804, amounting to $4,164.
Average Queensbury Assessed Value
$219,600
Average Washington County Assessed Value
$158,585
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Queensbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12804 | $92,120 | $177,825 | $220,000 | $288,650 | $402,588 |
Source: Ownwell
Property Tax Bills Across Queensbury, New York
Property tax bills in Queensbury, located in Washington County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect the market value of the property. This value is then multiplied by the tax rate set by local taxing authorities to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Queensbury can expect a median tax bill of approximately $4,164, which is significantly higher than the national median property tax rate of 0.99%. The tax bill can vary widely, with the 25th percentile at $3,275 and the 75th percentile reaching $5,577. At the 90th percentile, homeowners might see tax bills as high as $6,449. High property taxes can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and the local real estate market. This makes understanding and managing property tax obligations crucial for homeowners in Queensbury.
Average Queensbury Tax Bill
$4,137
Average Washington County Tax Bill
$3,943
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Queensbury, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12804 | $1,819 | $3,255 | $4,164 | $5,593 | $6,473 |
Source: Ownwell