Newtonville, Albany County, New York Property Taxes
Median Newtonville, NY effective property tax rate: 2.26%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Newtonville, NY home value: $251,121
Median annual Newtonville, NY tax bill: $5,505, $3,105 higher than the national median property tax bill of $2,400.
How are property taxes in Albany calculated?
Property taxes in Newtonville, 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 Newtonville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Newtonville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Newtonville, 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
$5,675
$5,267
Property Tax Rates Across Newtonville, Albany County, New York
Local government entities in New York set property tax rates, which can vary significantly across the state. Annually, each county estimates its required budget to provide services and divides that 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. Below, you can compare Newtonville’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Newtonville, located in Albany County, has a median property tax rate of 2.26%. This is considerably higher than the national median property tax rate of 1.02%. In comparison, the highest and lowest median tax rates in New York are both 2.26%, indicating a uniformity in property tax rates within this region. This high rate means property owners in Newtonville face a substantial tax burden compared to the national average. Understanding these rates can help residents make informed financial decisions regarding their property investments.
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 Newtonville 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 Newtonville, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12110 | 2.17% | 2.23% | 2.26% | 2.28% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Newtonville, Albany County, New York
When examining property taxes in Newtonville, 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 April. 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 Newtonville.
For example, the median home price in Newtonville is $251,121, with tax bills ranging significantly across the county. 12110 has the highest median home price at $251,121.
Property Tax Assessment Values Across Newtonville, Albany County, New York
Source: Ownwell
$94,079
$238,900
$383,721
Median Newtonville Market Value
$251,121
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 Newtonville, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12110 | $202,870 | $227,803 | $251,121 | $286,323 | $347,838 |
Source: Ownwell
Property Tax Bills Across Newtonville, Albany County, New York
In Newtonville, Albany County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Newtonville is $251,121, which influences the property tax bill homeowners receive. The tax bill can vary significantly, with the 25th percentile at $4,936 and the 75th percentile at $6,355. For those at the 90th percentile, bills can reach up to $7,706. These figures are notably higher than the national median property tax bill of $2,400, highlighting the burden on homeowners in this area.
Factors such as property size, location, and improvements can affect assessments and, consequently, tax bills. High property taxes can strain homeowners financially, making it essential to explore potential savings. Ownwell offers valuable assistance by providing property tax appeal and exemption services. By analyzing assessments and identifying discrepancies, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they pay only their fair share. This service can lead to significant savings, alleviating some of the financial pressure associated with high property taxes.
Median Newtonville Tax Bill
$5,505
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 Newtonville, Albany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12110 | $4,553 | $4,936 | $5,505 | $6,355 | $7,706 |
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 |