Niskayuna, New York Property Taxes
The median property tax rate in Niskayuna, NY is 3.06%, considerably higher than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in Niskayuna at $298,654, the typical annual property tax bill reaches $7,771, significantly exceeding the national median of $2,690. Property taxes in Niskayuna 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 Niskayuna'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 Niskayuna or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Niskayuna, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.06%
Estimate Property Tax Bill
$9,139
$9,036
Ownwell’s Niskayuna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Niskayuna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Niskayuna 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 Niskayuna, New York
Property taxes in Niskayuna, New York, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Niskayuna is 3.06%, significantly higher than both the New York state median and the U.S. national median of 0.99%. Local government entities within Niskayuna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Niskayuna 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 Niskayuna's effective property tax rate to other counties in New York and the national median. For comparison, the 12309 zip code has the highest median property tax rate of 3.06%, while the same zip code also has the lowest median tax rate of 3.06%. Understanding how these cities compare with Niskayuna 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 Niskayuna Tax Rate
3.06%
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 Niskayuna, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12309 | 2.40% | 2.41% | 3.06% | 3.15% | 3.16% |
Source: Ownwell
Property Tax Assessment Values Across Niskayuna, New York
In Niskayuna, 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 District 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 Niskayuna, 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. The median home price in Niskayuna is $298,654. The 25th percentile tax bill is $6,850, while the 75th percentile is $10,930, and the 90th percentile is $11,687. The highest and lowest median tax bills are both $7,771, in the zip code 12309. 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 Niskayuna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Niskayuna Assessed Value
$298,654
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 Niskayuna, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12309 | $236,771 | $275,920 | $298,654 | $350,494 | $371,444 |
Source: Ownwell
Property Tax Bills Across Niskayuna, New York
In Niskayuna, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's market value, improvements, and comparable property values in the area are considered during the assessment process. For homeowners in Niskayuna, the median home price is $298,654, and property tax bills can vary significantly. The 25th percentile tax bill is around $6,850, while the 75th percentile reaches up to $10,930. At the 90th percentile, homeowners can see tax bills as high as $11,687. Comparatively, the national median property tax rate is 0.99%, highlighting the region's higher tax rates. This impacts homeowners by increasing their annual financial obligations, which can influence decisions about property improvements and long-term residency.
Average Niskayuna Tax Bill
$7,771
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 Niskayuna, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12309 | $6,130 | $6,850 | $7,771 | $10,930 | $11,687 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates |
|---|
Links | |
|---|---|
| Albany Assessment Review Commission | |
| Website | albany.sdgnys.com |