Oak Hill, Albany County, New York Property Taxes

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

Median OAK HILL, NY effective property tax rate: 1.97%, significantly higher than the national median of 1.02%, but lower than the NY state median of 2.39%.
Median OAK HILL, NY home value: $259,700
Median annual OAK HILL, NY tax bill: $5,257, $2,857 higher than the national median property tax bill of $2,400.

How are property taxes in Albany calculated?

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

Last Updated March 1, 2025

Oak Hill, Albany County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.97%

Estimate Property Tax Bill

$5,116

$4,748

Ownwell’s OAK HILL Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in OAK HILL with just two data points.

By entering your property's estimated assessed value, our calculator applies OAK HILL’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.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Oak Hill, Albany County, New York

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In OAK HILL, located in Albany County, NY, the effective property tax rate is a crucial factor for homeowners to consider. Compared to other cities in New York, OAK HILL's rate reflects the specific budgetary needs and property values of the county. With New York's median property tax rate at 1.97%, it stands significantly above the national median of 1.02%. This higher rate can lead to substantial property tax bills, especially when compared to the national median bill of $2,400. Understanding these rates is vital for property owners in OAK HILL, as it directly impacts their financial planning and investment decisions.

Property Tax Rates Across Oak Hill, 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 Oak Hill Tax Rate

1.97%

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 Oak Hill, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12460	1.85%	1.97%	1.97%	1.98%	2.58%

Source: Ownwell

Property Tax Assessment Values Across Oak Hill, Albany County, New York

When examining property taxes in OAK HILL, 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. Assessment notices: 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 OAK HILL. For example, the median home price in OAK HILL is $259,700, with tax bills ranging significantly across the county. 12460 has the highest median home price at $259,700.

Property Tax Assessment Values Across Oak Hill, Albany County, New York

Source: Ownwell

$94,079

$238,900

$383,721

Median Oak Hill Market Value

$259,700

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 Oak Hill, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12460	$128,460	$196,100	$259,700	$326,550	$418,260

Source: Ownwell

Property Tax Bills Across Oak Hill, Albany County, New York

In Oak Hill, NY, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. Homeowners in Oak Hill face a median property tax bill of $5,257, significantly higher than the national median of $2,400. With tax bills ranging from $3,891 at the 25th percentile to $8,050 at the 90th percentile, property taxes can be a substantial financial burden.

Ownwell offers a solution by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. Our experts analyze your property's assessment, compare it with similar properties, and identify any discrepancies. By guiding you through the appeal process, Ownwell aims to reduce your property tax expenses, ensuring you only pay what is fair. With our assistance, homeowners in Oak Hill can achieve substantial savings on their property tax bills.

Property Tax Bills Across Oak Hill, Albany County, New York

Source: Ownwell

$1,107

$4,878

$8,648

Median Oak Hill Tax Bill

$5,257

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 Oak Hill, Albany County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12460	$2,526	$3,891	$5,257	$6,935	$8,050

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Albany Assessment Review Commission
Website	albany.sdgnys.com