Latham, Albany County, New York Property Taxes
Median Latham, NY effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Latham, NY home value: $220,628
Median annual Latham, NY tax bill: $4,938, $2,538 higher than the national median property tax bill of $2,400.
How are property taxes in Albany calculated?
Property taxes in Latham, 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 Latham’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Latham, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Latham, Albany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.26%
Estimate Property Tax Bill
$4,986
$4,627
Ownwell’s Latham Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Latham with just two data points.
By entering your property's estimated assessed value, our calculator applies Latham’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Albany County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Latham, Albany County, New York
Local government entities in New York set tax rates, and these can vary significantly within the state. Each year, Albany County estimates its budget needed to provide essential services and divides this by the total value of all taxable property in the area. This calculation determines the property tax rate for the county. Although the process involves votes and laws, this is the core annual procedure.
In Latham, located in Albany County, the effective property tax rate is notably higher than the national median of 1.02%. This places a greater financial burden on property owners compared to many other regions. Latham's tax rate also surpasses the New York state median, reflecting the county's specific fiscal needs and property values. For property owners, understanding these rates is crucial as it directly impacts annual tax bills, which are considerably higher than the national median of $2,400. Comparing Latham's effective property tax rate to other cities in New York and the broader U.S. context highlights the importance of property tax appeals and exemptions to potentially reduce these costs.
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 Latham Tax Rate
2.26%
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 Latham, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12110 | 2.13% | 2.20% | 2.26% | 2.31% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Latham, Albany County, New York
When examining property taxes in Latham, 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.
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 Latham. For example, the median home price in Latham is $220,628, with tax bills ranging significantly across the county. The 12110 zip code has the highest median home price at $220,628.
Property Tax Assessment Values Across Latham, Albany County, New York
Source: Ownwell
$94,079
$238,900
$383,721
Median Latham Market Value
$220,628
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 Latham, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12110 | $160,807 | $186,547 | $220,628 | $278,431 | $385,650 |
Source: Ownwell
Property Tax Bills Across Latham, Albany County, New York
Median Latham Tax Bill
$4,938
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 Latham, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12110 | $3,590 | $4,212 | $4,938 | $6,185 | $8,394 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |