Albany, Albany County, New York Property Taxes
Median Albany, NY effective property tax rate: 2.53%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Albany, NY home value: $196,951
Median annual Albany, NY tax bill: $4,965, $2,565 higher than the national median property tax bill of $2,400.
How are property taxes in Albany calculated?
Property taxes in Albany, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Albany’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albany, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Albany, Albany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.53%
Estimate Property Tax Bill
$4,983
$4,624
Property Tax Rates Across Albany, Albany County, New York
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each county annually estimates its required budget for providing services, dividing this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Albany, NY, the effective property tax rate is notably higher than the national median of 1.02%. Albany's median tax rate stands at 2.53%, reflecting a considerable difference when compared to the national average. Within Albany County, the highest median tax rate is found in the 12206 ZIP code at 3.20%, while the lowest is in the 12204 ZIP code at 2.26%. This range underscores the variability in tax rates even within a single county. These figures emphasize the importance of understanding local property tax rates, which can significantly impact property owners. Comparing Albany's rates to those in other New York cities and the national median offers valuable insights for property owners looking to manage their tax liabilities effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Albany Tax Rate
2.53%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Albany County Tax Rate
2.39%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Albany, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12202 | 0.78% | 2.59% | 3.19% | 3.30% | 3.99% |
| 12203 | 1.55% | 2.28% | 2.62% | 3.13% | 3.17% |
| 12204 | 2.04% | 2.17% | 2.26% | 2.71% | 3.22% |
| 12205 | 2.16% | 2.16% | 2.42% | 2.48% | 2.54% |
| 12206 | 2.21% | 2.89% | 3.20% | 3.36% | 4.05% |
| 12207 | 2.31% | 3.09% | 3.20% | 3.31% | 3.67% |
| 12208 | 2.31% | 2.85% | 3.12% | 3.15% | 3.19% |
| 12209 | 2.03% | 2.77% | 3.13% | 3.17% | 3.22% |
| 12210 | 0.77% | 2.70% | 3.15% | 3.29% | 3.55% |
| 12211 | 2.16% | 2.22% | 2.28% | 2.37% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Albany, Albany County, New York
When examining property taxes in Albany, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Albany County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices: In Albany County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Albany. For example, the median home price in Albany is $196,951, with tax bills ranging significantly across the county. Zip code 12211 has the highest median home price at $285,112.
Property Tax Assessment Values Across Albany, Albany County, New York
Source: Ownwell
$94,079
$238,900
$383,721
Median Albany Market Value
$196,951
Median Albany County Market Value
$213,453
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Albany, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12202 | $22,955 | $62,720 | $94,079 | $139,237 | $183,141 |
| 12203 | $143,023 | $184,302 | $225,790 | $273,626 | $338,058 |
| 12204 | $84,044 | $133,425 | $176,869 | $358,744 | $519,282 |
| 12205 | $136,323 | $157,309 | $185,650 | $218,117 | $269,058 |
| 12206 | $28,851 | $65,228 | $100,351 | $161,435 | $215,755 |
| 12207 | $58,204 | $92,198 | $125,439 | $197,566 | $268,189 |
| 12208 | $151,781 | $185,650 | $220,773 | $263,422 | $316,106 |
| 12209 | $104,114 | $135,474 | $169,343 | $206,974 | $243,352 |
| 12210 | $42,526 | $80,375 | $136,729 | $232,062 | $317,361 |
| 12211 | $184,753 | $211,659 | $285,112 | $401,570 | $627,803 |
Source: Ownwell
Property Tax Bills Across Albany, Albany County, New York
Median Albany Tax Bill
$4,965
Median Albany County Tax Bill
$4,990
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Albany, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12202 | $462 | $1,330 | $2,497 | $3,934 | $5,537 |
| 12203 | $2,838 | $4,390 | $5,749 | $7,271 | $9,212 |
| 12204 | $2,190 | $3,159 | $4,253 | $8,228 | $11,266 |
| 12205 | $3,210 | $3,644 | $4,296 | $5,183 | $6,352 |
| 12206 | $757 | $1,837 | $3,091 | $4,799 | $6,417 |
| 12207 | $784 | $2,418 | $3,717 | $6,391 | $7,474 |
| 12208 | $3,497 | $5,166 | $6,447 | $7,827 | $9,476 |
| 12209 | $2,053 | $3,596 | $4,864 | $6,098 | $7,245 |
| 12210 | $535 | $1,796 | $3,382 | $6,757 | $9,447 |
| 12211 | $4,258 | $4,936 | $6,575 | $9,128 | $14,106 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |