Alcove, Albany County, New York Property Taxes
Median Alcove, NY effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Alcove, NY home value: $238,632
Median annual Alcove, NY tax bill: $1,666, $734 lower than the national median property tax bill of $2,400.
How are property taxes in Albany calculated?
Property taxes in Alcove, 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 Alcove’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Alcove, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Alcove, Albany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$1,766
$1,639
Property Tax Rates Across Alcove, Albany County, New York
Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates the budget needed to provide essential services. The total budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. Although voting and legislation play roles in setting these rates and budgets, this calculation is the core process.
In Alcove, located in Albany County, New York, the effective property tax rate reflects this method. When compared to other areas within New York and the national average, Alcove's rate offers a unique perspective on local tax burdens. The median property tax rate in New York is notably different from the national median of 1.02%. This comparison highlights the diversity of tax rates across the country and underscores the importance of understanding local tax obligations. By staying informed about these rates, property owners can better navigate their financial responsibilities and potentially explore opportunities for tax appeals or exemptions.
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 Alcove Tax Rate
0.74%
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 Alcove, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12007 | 0.66% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Alcove, Albany County, New York
When examining property taxes in Alcove, 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 May. 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 Alcove. For example, the median home price in Alcove is $238,632, with tax bills ranging significantly across the county. 12007 has the highest median home price at $238,632.
Property Tax Assessment Values Across Alcove, Albany County, New York
Source: Ownwell
$94,079
$238,900
$383,721
Median Alcove Market Value
$238,632
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 Alcove, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12007 | $108,211 | $168,421 | $238,632 | $282,105 | $341,895 |
Source: Ownwell
Property Tax Bills Across Alcove, Albany County, New York
Median Alcove Tax Bill
$1,666
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 Alcove, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12007 | $804 | $1,126 | $1,666 | $1,994 | $2,414 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |