South Bethlehem, New York Property Taxes
The median property tax rate in South Bethlehem, NY is 0.73%, which is significantly lower than both the national median of 0.99% and the New York state median of 2.39%. With the median home value in South Bethlehem at $186,338, the typical annual property tax bill amounts to $1,358, well below the national median of $2,690. Property taxes in South Bethlehem are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding South Bethlehem'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 South Bethlehem 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
South Bethlehem, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,360
$1,345
Ownwell’s South Bethlehem Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in South Bethlehem with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in South Bethlehem to provide an estimated property tax bill. This valuable tool helps you gauge potential tax liabilities and make informed decisions. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is the figure assigned by Albany County for property tax purposes, incorporating any applicable exemptions.
Property Tax Rates Across South Bethlehem, New York
Property taxes in South Bethlehem, New York, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Bethlehem is 0.73%, which is below both the New York state median and the U.S. national median of 0.99%. Local government entities within South Bethlehem set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Bethlehem 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 South Bethlehem's effective property tax rate to other areas in New York and the national median. For comparison, the zip code 12161 has both the highest and lowest median property tax rate of 0.73%. Understanding how these areas compare with South Bethlehem 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 South Bethlehem Tax Rate
0.73%
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 South Bethlehem, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12161 | 0.73% | 0.73% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across South Bethlehem, New York
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Bethlehem, NY. 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 South Bethlehem, 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 South Bethlehem is $186,338, with tax bills ranging from $1,226 at the 25th percentile to $1,674 at the 90th percentile. The zip code 12161 has the highest and lowest median tax bill at $1,358. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Bethlehem, New York
Source: Ownwell
$71,749
$227,735
$383,721
Average South Bethlehem Assessed Value
$186,338
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 South Bethlehem, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12161 | $147,282 | $170,349 | $186,338 | $205,232 | $245,930 |
Source: Ownwell
Property Tax Bills Across South Bethlehem, New York
Property tax bills in South Bethlehem, Albany County, NY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the local tax assessor and is meant to represent the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. In South Bethlehem, the median home price is $186,338. Homeowners in this area can expect a tax bill ranging from $1,226 at the 25th percentile to $1,674 at the 90th percentile. The median tax bill in the city stands at $1,358, which is significantly higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of homeownership and potentially affecting property values. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate annual expenses.
Average South Bethlehem Tax Bill
$1,358
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 South Bethlehem, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 12161 | $985 | $1,226 | $1,358 | $1,492 | $1,674 |
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 |