Feura Bush, New York Property Taxes
The median property tax rate in Feura Bush, NY is 0.74%, considerably lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Feura Bush at $240,200, the typical annual property tax bill reaches $2,053, which is below the national median of $2,690. Property taxes in Feura Bush 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 Feura Bush'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 Feura Bush or another part of Albany County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Feura Bush, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,777
$1,757
Ownwell’s Feura Bush Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Feura Bush with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Feura Bush 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 Feura Bush, New York
Property taxes in Feura Bush, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Feura Bush is 0.74%, lower than the New York state median and the U.S. national median of 0.99%. Local government entities within Feura Bush set these rates annually, and they can vary significantly across different neighborhoods. Each year, Feura Bush 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 Feura Bush's effective property tax rate to other areas in Albany County and the national median. For comparison, the 12067 zip code has the highest median property tax rate of 0.74%, while the same 12067 zip code also has the lowest median tax rate of 0.74%. Understanding how these figures compare with Feura Bush provides valuable insights into the varying tax landscape across Albany County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Feura Bush Tax Rate
0.74%
Average Albany County Tax Rate
2.39%
Average New York Tax Rate
2.39%
Average United States Tax Rate
0.99%
Property Tax Rates Across Feura Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12067 | 0.59% | 0.64% | 0.74% | 2.34% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Feura Bush, New York
In Feura Bush, 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 Albany County appraisal authorities 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 Feura Bush, 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 Feura Bush helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 12067 has the highest and lowest median tax bills at $2,053.
Average Feura Bush Assessed Value
$240,200
Average Albany County Assessed Value
$213,453
Average New York Assessed Value
$255,644
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Feura Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12067 | $144,000 | $188,600 | $240,200 | $318,900 | $428,421 |
Source: Ownwell
Property Tax Bills Across Feura Bush, New York
Property tax bills in Feura Bush, located in Albany County, NY, are determined by assessing the market value of a property and then applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Factors such as property location, home size, and improvements can influence the assessed value. For instance, the median home price in Feura Bush is $240,200. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,363 and the 75th percentile reaching $5,795. At the higher end, the 90th percentile tax bill can be as much as $8,723. The median tax bill in the area is $2,053, which is higher than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by influencing their annual financial planning and the overall cost of owning a home. Understanding these factors can help homeowners anticipate their property tax obligations more accurately.
Average Feura Bush Tax Bill
$2,053
Average Albany County Tax Bill
$4,990
Average New York Tax Bill
$5,938
Average United States Tax Bill
$2,690
Property Tax Bills Across Feura Bush, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12067 | $1,052 | $1,363 | $2,053 | $5,795 | $8,723 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
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Links | |
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| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |