Broadalbin, Fulton County, New York Property Taxes

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

Median Broadalbin, NY effective property tax rate: 2.23%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Broadalbin, NY home value: $178,740
Median annual Broadalbin, NY tax bill: $3,715, $1,315 higher than the national median property tax bill of $2,400.

How are property taxes in Fulton calculated?

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

Last Updated March 1, 2025

Broadalbin, Fulton County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.23%

Estimate Property Tax Bill

$3,986

$3,699

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

By entering your property's estimated assessed value, our calculator applies Broadalbin’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 Fulton County.

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

Property Tax Rates Across Broadalbin, Fulton County, New York

Local government entities set tax rates, which can vary widely within a 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. Broadalbin in Fulton County, NY, has a property tax rate that stands at 2.23%, significantly higher than the national median of 1.02%. This rate reflects the county's budgetary needs and the value of taxable properties in the area. The property tax bill for residents is also likely higher than the national median of $2,400, given the elevated rate. Understanding these figures can help property owners anticipate their tax obligations and explore potential avenues for appealing their assessments. Comparing Broadalbin's effective property tax rate to other cities in New York and the median property tax rates in the state and U.S. can provide a clearer picture of where it stands in the broader tax landscape.

Property Tax Rates Across Broadalbin, Fulton County, New York

Source: Ownwell

1.78%

2.47%

3.15%

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 Broadalbin Tax Rate

2.23%

Median Effective Fulton County Tax Rate

2.23%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broadalbin, Fulton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
12025	1.64%	1.94%	2.23%	2.23%	2.32%

Source: Ownwell

Property Tax Assessment Values Across Broadalbin, Fulton County, New York

When examining property taxes in Broadalbin, 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 Fulton 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 Fulton 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 Broadalbin.

For example, the median home price in Broadalbin is $178,740, with tax bills ranging significantly across the county. The zip code 12025 has the highest median home price at $178,740.

Property Tax Assessment Values Across Broadalbin, Fulton County, New York

Source: Ownwell

$83,820

$141,044

$198,268

Median Broadalbin Market Value

$178,740

Median Fulton County Market Value

$117,346

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broadalbin, Fulton County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
12025	$77,512	$122,835	$178,740	$269,212	$377,953

Source: Ownwell

Property Tax Bills Across Broadalbin, Fulton County, New York

In Broadalbin, located in Fulton County, NY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local assessor and is meant to reflect a percentage of the property's market value. Factors such as location, size, and any improvements to the property can influence this value. Homeowners in Broadalbin face a median property tax bill of $3,715, higher than the national median of $2,400. This can significantly impact household budgets, especially when the tax bill reaches the 90th percentile of $8,069.

Ownwell assists homeowners by providing expert property tax appeal and exemption services. Our team analyzes your property's assessed value and compares it to similar properties to identify potential over-assessments. By filing appeals and seeking exemptions, Ownwell can help reduce your property tax bill, ensuring you only pay your fair share. This service not only saves money but also offers peace of mind, knowing that your property taxes are being handled by professionals.

Property Tax Bills Across Broadalbin, Fulton County, New York

Source: Ownwell

$1,911

$2,884

$3,856

Median Broadalbin Tax Bill

$3,715

Median Fulton County Tax Bill

$2,522

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Broadalbin, Fulton County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
12025	$1,368	$2,441	$3,715	$5,613	$8,069

Source: Ownwell

Don't miss the deadline to file a grievance!

Dates

Links
Fulton Assessment Review Commission
Website	sdg.fultoncountyny.gov