Menands, Albany County, New York Property Taxes

Name: Property Tax Bills Across Menands, Albany County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Menands, NY effective property tax rate: 2.83%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median Menands, NY home value: $131,711
Median annual Menands, NY tax bill: $3,250, $850 higher than the national median property tax bill of $2,400.

How are property taxes in Albany calculated?

Property taxes in Menands, 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 Menands’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Menands, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Menands, Albany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.83%

Estimate Property Tax Bill

$3,727

$3,459

Ownwell’s Menands Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Menands with just two data points. By entering your property's estimated assessed value, our calculator applies Menands’ 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 Menands, Albany County, New York

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of the budget required to provide services, divided by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Menands, located in Albany County, NY, the effective property tax rate stands at 2.83%. This rate is significantly higher than the national median property tax rate of 1.02%. The property tax rate in Menands is consistent with the highest and lowest rates in the county, emphasizing the uniformity within this specific area. Comparing this to the national landscape, Menands' property tax rate is notably above the national median, which can have a substantial impact on property owners in the area. Understanding these differences is crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Menands, Albany County, New York

Source: Ownwell

0.73%

1.97%

3.20%

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 Menands Tax Rate

2.83%

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 Menands, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12204	2.13%	2.26%	2.83%	3.23%	3.38%

Source: Ownwell

Property Tax Assessment Values Across Menands, Albany County, New York

When examining property taxes in Menands, 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 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 Menands. For example, the median home price in Menands is $131,711, with tax bills ranging significantly across the county. Zip code 12204 has the highest median home price at $131,711.

Property Tax Assessment Values Across Menands, Albany County, New York

Source: Ownwell

$94,079

$238,900

$383,721

Median Menands Market Value

$131,711

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 Menands, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12204	$47,667	$90,316	$131,711	$159,622	$179,378

Source: Ownwell

Property Tax Bills Across Menands, Albany County, New York

In Menands, located in Albany County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For Menands, the median home price is $131,711, with property tax bills ranging from the 25th percentile at $2,477 to the 90th percentile at $5,233. The median property tax bill stands at $3,250, which is higher than the national median of $2,400. Factors influencing the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. High property taxes can significantly impact homeowners by increasing their annual expenses. Ownwell assists homeowners in Menands by providing expert property tax appeal services. By analyzing property assessments and identifying potential inaccuracies, Ownwell helps homeowners potentially reduce their tax burden, ensuring they pay only their fair share.

Property Tax Bills Across Menands, Albany County, New York

Source: Ownwell

$1,107

$4,878

$8,648

Median Menands Tax Bill

$3,250

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 Menands, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12204	$1,053	$2,477	$3,250	$4,209	$5,233

Source: Ownwell

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Dates

Links
Albany Assessment Review Commission
Website	albany.sdgnys.com